June rate landed a full percentage point below the national rate of 5.9 percent
Massachusetts employers added 9,400 jobs in June as the statewide unemployment rate dropped under 5 percent, a milestone that was hit due to a substantial revision to figures reported last month, labor officials announced Friday.
The federal Bureau of Labor Statistics originally announced Massachusetts had a May unemployment rate of 6.1 percent, but on Friday the office revised that figure down to an even 5 percent after updating its model “to better capture the effect of the pandemic,” state labor officials said.
BLS said the unemployment rate declined one-tenth of a percentage point to 4.9 percent in June, putting Massachusetts below 5 percent unemployment for the first time since March 2020, when the unemployment rate here was 2.7 percent.
Massachusetts had a higher unemployment rate than the country on average in 12 out of the past 15 months, but its June rate landed a full percentage point below the national rate of 5.9 percent.
Bay State employers added 9,400 jobs in June, compared to the 9,200 positions created in May.
Total employment in Massachusetts, based on a monthly survey of employers, has grown about 416,000 since May 2020. That surge has clawed back slightly less than two-thirds of the jobs lost in early months of the 2020 public health crisis.
Gov. Charlie Baker has been pushing to use some of state government’s American Rescue Plan Act funding on job training and economic development programs. Lawmakers slow-walked his original effort to spend that money quickly and next week will hear testimony on the plan as they weigh how to carve up a pot of roughly $5 billion.