The Massachusetts unemployment rate in September fell to 3.6 percent, its lowest level since June 2001. That from the Executive Office of Labor and Workforce Development which also reports that the unemployment rate in August was at 3.9 percent.
Employers in the Bay State added just over five (5) thousand jobs in September, helping to lower the jobless rate, which has fallen 1.2 percent over the past year.
Secretary of Labor and Workforce Development Ronald Walker II said in a prepared statement, “The rate has fallen dramatically in the last two months, 3/10th of a point this month, and 2/10th of a point the month before. While these are preliminary estimates, this is very good news for the Commonwealth. Over the year, jobs are up at 63,800.”
While new jobs and more people working have historically pointed to surges in state tax collections, Governor Charlie Baker and the state legislature have spent the past nearly two years chasing after budget deficits largely tied to overly optimistic estimates of revenue collections.
These latest figures came a day after the city of Fall River, and the Fall River Career Center held their semi-annual Job Fair at Government Center that featured some seventy (70) potential area employers and which attracted a couple of hundred job seekers.
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