Good News For MA Real Estate Market.  Employment Continues To Rise!

MA March Unemployment Rate Dropped to 4.8% & Labor Participation Rate Rose to 66.2%, highest since June 2010.  

Ma outperforms the nation.  The USA March Unemployment Rate was 5.5% and the Labor Participation Rate fell to 62.7%.

BOSTON, MA -April 16, 2015 ---  Today the Executive Office of Labor and Workforce Development (EOLWD) released preliminary March 2015 estimates that show the Massachusetts total unemployment rate dropped to 4.8 percent, a 0.1 of a percentage point decrease from the February rate. Over the year, the unemployment rate fell by 1.1 percent from 5.9 percent in March 2014.

The share of working age residents employed or unemployed, also known as the labor participation rate, was 66.2, an increase of 0.3 of a percentage point since February. The March rate is the highest participation rate since June 2010. Compared with March 2014, the labor participation rate increased a full percentage point over the year.

March 2015 estimates show that 3,448,800 residents were employed and 175,200 were unemployed. Compared with March 2014, there were 34,000 fewer unemployed persons over the year.

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