Mass. Jobless Rate Holds Above National Average
Labor officials said unemployment stayed at 4.8 percent last month, while the national rate inched upward to 4.2 percent in the same span.
Mass. Job Growth Stagnated Over Last Year
The unemployment rate in Massachusetts climbed once again in May, widening the gap between the state and the nation as a whole following a year of nearly flat job growth in the Bay State.
Federal Unemployment Claims Jump in Mass.
The massive wave of federal layoffs is starting to have a modest but noticeable impact on Massachusetts residents.
Top Official Says Fed Can’t Risk Being Too Late with Cuts
A top Federal Reserve official warned Wednesday that the Fed needs to cut its key interest rate before the job market weakened further or it would risk moving too late and potentially imperil the economy.
Boston Fed President Says Low Unemployment Not Signal of ‘Full Employment’
“No one statistic can adequately characterize the labor market, since aggregate numbers do not show the wide range of experiences across people, sectors and places,” Susan Collins said.
State Jobless Rate Sinks to Record Low 2.6 Percent
The Massachusetts economy continues to hum along in the wake of the COVID-19 pandemic’s disruption, a trend that business leaders and analysts say could forecast more inflationary pressure on the horizon.
Mass. Has Reasons for Optimism in 2023
The ebb and flow of real estate isn’t the only factor to consider. Employer confidence is on the rise, with local business leaders expressing enthusiasm about their position and prospects.
Unemployment Claims Rise to 240k, Highest Since August
The number of Americans applying for unemployment benefits rose to the highest level since August but still remains low by historic standards.
Mass. Job Gains Continue With 13K Added in July
Massachusetts employers added 13,500 jobs last month and the statewide unemployment rate dropped by two-tenths of a percentage point to 3.5 percent for July.
Strong Jobs Numbers Likely to Encourage More Fed Rate Hikes
Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession.
US Economy Is Sending Mixed Signals: Here’s What It All Means
Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month.
Key Inflation Gauge Tracked by The Fed Remains a High 6.3 Percent
A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3 percent in May from a year earlier, unchanged from its level in April.
Powell: ‘No Guarantee’ Fed Can Tame Inflation, Spare Jobs
Federal Reserve Chair Jerome Powell said there’s “no guarantee″ that the central bank can tame runaway inflation without hurting the job market.
Powell: Fed Aims to Avoid Recession But Says it’s Possible
Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession.
Yellen: Recession Not Inevitable, Gas Tax Holiday Weighed
Treasury Secretary Janet Yellen said Sunday that she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable.
Mass. Jobless Rate Dips Under 4 Percent
Massachusetts employers added 5,500 jobs in May while the statewide unemployment rate ticked downward 0.2 percentage points to 3.9 percent, labor officials announced Friday.
Hot Inflation Dims Likelihood Fed Can Achieve ‘Soft Landing’
For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession.
Pace of Mass. Job Gains Continued to Slow During May
Massachusetts employers added 9,200 jobs in May and the statewide unemployment rate fell 0.3 percentage points to 6.1 percent, labor officials announced Friday.
US Jobless Claims Rise to 885,000 Amid Resurgence of Virus
The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse.
Mass. Unemployment Rate Drops to 9.6 Percent
The state’s unemployment rate dropped into single digits in September after spending five months above 10 percent, as employers reported adding 36,900 jobs and Massachusetts continued its economic recovery from the sudden COVID-inflicted recession.
