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November 18, 2022

Mass. unemployment rises slightly to 3.5%

Photo | Courtesy of Jersey Mike's Jersey Mike's employees make sandwiches.

Massachusetts’ unemployment rate rose a tenth of a point to 3.5% in October from 3.4% in September, according to data released Friday by the state Executive Office of Labor and Workforce Development.

Massachusetts is below the national average of 3.7%.

There are 3,614,500 residents in Massachusetts who are employed and 131,300 unemployed residents, according to the data. The U.S. Bureau of Labor Statistics estimates Massachusetts gained 9,800 jobs in October, which follows September's gain of 22,900 jobs. 

The biggest gains in employment for the month came in the financial sector, where 4,500 jobs were added.

The largest increase of workers for the year has come in the professional, scientific, and business services sector, which has added more than 31,000 new jobs. Education and the leisure and hospitality industries have each reported adding more than 25,000 jobs through October.

In the local areas of Central Massachusetts for September, Greater Framingham’s unemployment rate was 2.5%, down from August’s 2.8%, according to data released by the U.S. Bureau of Labor Statistics on Oct. 25. Greater Worcester’s rate was 3.3%, down by five tenths of a percent from August. The unemployment rate in the Leominster-Gardner area fell the most, from 4.2% to 3.6%.

The local unemployment numbers for October are set to be released on Dec. 1.

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