State unemployment ticks up

18.05.2025    Boston Herald    9 views
State unemployment ticks up

The statewide unemployment rate climbed again in April to slightly widening the gap with the national joblessness rate labor leaders mentioned Citing federal records the Executive Office of Labor and Workforce Expansion disclosed that unemployment in Massachusetts rose two-tenths of a percentage point from March to April The national unemployment rate remained level at in that span It was the fourth straight month that both the labor force and the unemployment rate grew Compared to April the labor force included about more people and the unemployment rate was percentage points higher Employers also added about jobs in April according to results of a different monthly labor survey building on the positions added in March Department of Economic Research Chief Economist Mark Rembert revealed Friday that the job arena remained stable despite economic headwinds The unemployment rate edged up but largest part significantly we haven t seen an uptick in layoffs or new unemployment maintains meaning the uptick is being driven by more people entering the workforce and looking for work Rembert commented in a declaration While employment is relatively stable numerous businesses have voiced low confidence in the local economic outlook amid uncertainty about federal spending and tariffs Economists have also forecast sluggish advancement in Massachusetts Earlier this month federal economists informed that U S employers added a surprisingly strong jobs in April and the unemployment rate held at a historically healthy A large number of economists still anticipate that a negative impact from exchange wars will materialize this year for American workers Last Tuesday Microsoft began laying off about workers nearly of its workforce and its largest job cuts in more than two years as the company spends heavily on artificial intelligence Other companies that have publicized job cuts this year include Workday Dow CNN Starbucks Southwest Airlines and Facebook parent company Meta The Labor Department s the bulk modern disclosed that the four-week average of insists which softens several of the week-to-week fluctuations rose by to The total number of Americans receiving unemployment benefits for the week of May rose by to million Material from Associated Press used in this review

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