State Unemployment Rate Ticks Up
At 3.6%, still well below national average
Massachusetts' unemployment rate increased by 0.2% in the month of March as the state added just 200 jobs, according to numbers released Thursday by the Executive Office of Labor and Workforce Development.
The overall unemployment rate now stands at 3.6%, still well below the national average of 4.5% cited by the Bureau of Labor Statistics.
The most jobs added for the month of March came from the financial sector with 2,500 jobs. The biggest loses came from trade and transportation (2,300 jobs lost) and education and health services (1,800).
It's the third straight month the unemployment rate his increased slightly. The 3.1% rate in November and December 2016 were the lowest marks since 2001. Since then it has increased to 3.2% in January, 3.4% in February and 3.6% last month.
Overall, about 49,000 jobs have been added to the workforce since March 2016, according to the state, an increase of 1.4%.