Massachusetts unemployment rate at a 15-year low

Rate dropped to 3.9% in the month of August

BOSTON (WWLP) – Many more Massachusetts residents are finding work. The state added a total of 5,900 jobs in August, bringing the state’s unemployment rate down to 3.9% from 4.1% in July. It is a significant milestone, as this is the first time the state’s unemployment rate has gone below 4% in 15 years.

The Massachusetts Executive Office of Labor and Workforce Development released a report Thursday that shows 65% of residents over age 16 who are unemployed were actively looking for work last month.

If you are currently in the job hunt, the sectors that saw the most growth were leisure and hospitality, followed by business services, education, and health care.

Senate President Stanley Rosenberg (D-Amherst) told 22News that the numbers are a good sign that the state’s economy is improving.

“We have a very diverse economy now. It’s a knowledge-driven economy. We come into recessions late, we leave them early, so we’re in much better shape,” Rosenberg said.

The national unemployment rate is just under 5%, according to the Bureau of Labor Statistics.

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