Massachusetts unemployment rate remains below the national average

ECONOMY. Millions of Americans receive unemployment benefit while they get a job / EFE

Massachusetts registered an unemployment rate of 5% during the month of August, remaining lower than the national average (5.2%). The numbers reflect that despite the impact of the delta variant in the country, jobs have not been cut.

The context: The United States does not register mass layoffs despite the wave of COVID-19 cases that are currently living in the territory. Last week, the Labor Department reported that the number of people who applied for unemployment benefits fell from 345,000 to 310,000.

  • In Massachusetts, the numbers are encouraging although the unemployment rate saw a minimal increase.
  • In July of this year, the registration by the authorities was 4.9%; however, in August it closed at 5%.

The data: Since July, the Massachusetts state workforce has grown by nearly 8,000 new jobs, local authorities reported. In recent months, the situation has improved thanks to the distribution of vaccines against the pandemic.

  • Since August 2020, the state has created 184 thousand new jobs and the unemployment rate went from 17.7% to 5%.
  • Regarding unemployment assistance, it is estimated that more than 300 thousand people in the entity lost their benefits.

Main source of the news: CBS



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