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Massachusetts' Unemployment Rate Takes Nosedive - A Good Sign For Economy Massachusetts' Unemployment Rate Takes Nosedive - A Good Sign For Economy
Massachusetts' Unemployment Rate Takes Nosedive - A Good Sign For Economy The Massachusetts unemployment rate took a nosedive from July to August - a sign that the economy is rebounding. And Massachusetts no longer has the highest unemployment rate in the country. The state’s overall unemployment rate fell by 5 percentage points between the two months, according to the U.S. Bureau of Labor Statistics. It’s a rare abrupt change in the monthly rates. In August, the unemployment rate was 11.3 percent In July, the rate was 16.2 percent unemployment. Massachusetts gained more than 50,000 jobs in August, the early numbers indicate. While Massachusetts’ economy ha…

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by Kristin Palpini