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Article: Massachusetts Jobless Rate Drops 3.1 Percent in July.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 21, 1998
- Author:
CopyrightCOPYRIGHT 1998 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Aug. 22--Despite problems in Asia, the Massachusetts job market is as strong as ever.
The state's jobless rate dropped to 3.1 percent in July, the second lowest level in the last 10 years, the Division of Employment and Training reported yesterday.
Massachusetts also added more than 89,000 jobs over the last year, the largest annual increase since 1987.
The June jobless rate was 3.4 percent in Massachusetts, well below the national rate of 4.5 percent. In April, the state's jobless rate dipped to 2.9 percent, then the lowest in more than a decade.
"We are seeing expansion throughout the country, and in ...