Thursday, May 26, 2011

Massachusetts Jobs Update -- May 2011

Highlights from the Chamber's May 2011 Massachusetts Jobs Update include:
  • State added 19,500 jobs last month; the largest monthly gain in 18 years. State posted 1.3% job growth last 12 months, slightly higher than U.S. rate of 1.0%.
  • State unemployment rate dropped to 7.8%, the lowest rate since March 2009 and still well below the U.S. rate of 9.0%.
  • Six of 12 regions added jobs last month and eight of 12 regions added jobs year-over-year with strongest growth in the Merrimack Valley, Metro South and Cape Cod regions.
  • Leisure & Hospitality (+5,600), Retail Trade (+4,200), and Trade, Transportation & Utilities (+4,200) posted largest monthly job gains among industries at the state level.

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