State jobless price flat at 4.8%

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State jobless price flat at 4.8%

The statewide unemployment price remained flat in July whereas employers reported a slight lower in whole jobs, in line with the newest month-to-month labor knowledge.

Labor officers stated unemployment stayed at 4.8% final month, unchanged from June. The nationwide price inched upward one-tenth of a share level to 4.2% in the identical span.

Over the previous 12 months, the statewide jobless price grew 0.7 share factors.

Massachusetts shed about 600 jobs in July, the second straight month with a lower, knowledge present. Between July 2024 and July 2025, whole employment grew by 8,200 positions, or two-tenths of a share level.

Mark Rembert, chief economist within the Govt Workplace of Labor and Workforce Growth’s Division of Financial Analysis, stated development and the well being care and social help sectors have been “bright spots.”

“The labor market data for July showed mixed signals, but the underlying narrative points to gradual slowdown in the labor market,” Rembert stated in a press release. “On one hand, fewer residents filed for unemployment benefits in July. On the other, the data suggests that it is taking longer for those looking for work to land a new position.”

Analysts for years have used two separate surveys from the federal Bureau of Labor Statistics to look at employment developments: a survey of households that estimates the unemployment price, and a survey of employers with projections of payroll jobs.

The Healey administration headlined its press launch with the estimate of whole employment within the family survey, which not like the employer survey confirmed a rise of about 2,700 Bay Staters with jobs.

Officers have stated the family survey captures self-employed folks, some medical doctors and distant staff that may not be included within the extra conventional employer survey, however some specialists argue that it’s statistically unsound — and deceptive — to quote jobs numbers from the family survey.

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