The Massachusetts unemployment rate ticked up to 3.6 percent in March as job gains slowed, the state's Executive Office of Labor and Workforce Development announced Thursday.
"Washington has one of the better growing economies in the nation", said Paul Turek, ESD economist, in a press release. Employment was up by 18,952, while the number of unemployed increased by 1,019.
According to the document, support should be extended to micro and emerging businesses, which are the engines of job creation. "When the labor force grows quicker than residents can find work, unemployment rates take a hit and that's exactly what we've seen over the past 12 months".
"The Silver State continues to show steady improvement in the unemployment rate and I'm proud to announce we're now ranked fourth in the nation in job growth", said Governor Brian Sandoval.
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Employment Security paid unemployment insurance benefits to 65,733 people in March. In the Seattle/Bellevue/Everett region, the labor force increased by 2,500 over the same period.
Initial, or first-time, claims for unemployment assistance - a sign of fresh layoffs - were up by 712 to 25,019 in March across Georgia. ". No. 2: Our labor participation rate has increased 1/16th of a point as well - so we're at 65.9 percent - so that indicates that MA residents over 16 are now coming into the marketplace, which is mitigating the baby boomer retirement that we're seeing".
It's the third consecutive month the unemployment rate has risen in the state, according to Labor Secretary Ronald Walker.
The agency says government, manufacturing and professional and business services enjoyed strong job growth last month. Government cut 700 and manufacturing shed 200.
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As I said, losing points for the team, particularly when you could have potentially won the race is painful, but it is what it is. Vettel pitted for the second time on Lap 33, which put Hamilton in the lead until he too pitted for new Softs soon after.
Year-over-year, 12 of the state's 13 industry sectors saw job increases.
The state also added 10,700 nonfarm jobs last month. "It continues to lead as far as percentage growth over all sectors", Butler said.
Check it out! ESD has new labor market information and tools, including a video tutorial to highlight popular information and data. This is the lowest the rate has been since December 2007, the beginning of the Great Recession.
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