The statewide unemployment charge climbed barely to three.9% in October. Whereas nonetheless decrease than the nationwide degree, it’s been on a gradual improve for many of 2024.
State labor officers introduced that the unemployment charge grew by one-tenth of a proportion level month over month, touchdown 0.5 proportion factors above the place it was in October 2023 and a full level above the two.9% noticed in February, March and April.
Nationwide, the October unemployment charge was 4.1%, officers stated.
Massachusetts employers shed 200 jobs in October, based on labor knowledge. Statewide employment final month was 3,744,300, about 33,000 jobs greater than in October 2023.
Layoffs at Boeing close to 2,200
Boeing stated in a discover filed with Washington’s Employment Safety Division on Monday that it has thus far laid off 2,199 employees within the state, amongst job cuts that can ultimately complete about 17,000 throughout the corporate.
The aerospace large introduced in October that it deliberate to chop about 10% of its workforce within the coming months because it struggles to get well from monetary and regulatory troubles in addition to a strike by its machinists that lasted practically two months.
The deliberate cuts embrace employees at Boeing services throughout the nation, from Washington to Missouri to Arizona to South Carolina, The Seattle Instances reported. Additionally they appeared to influence employees in all three of Boeing’s divisions: industrial airplanes, protection and international companies.
Boeing, based mostly in Arlington, Virginia, has been in monetary hassle since two crashes of its 737 Max jetliner killed 346 folks in 2018 and 2019. The corporate’s fortunes and fame took an extra hit when a panel blew off the fuselage of an Alaska Airways airplane in January.
