The jobless rate dropped from 7.4 percent in October as payrolls increased by 12,200 jobs last month, the Labor Department reported. Massachusetts has added back more than half of the 690,000 jobs that disappeared in March and April, and the unemployment rate has dropped from a pandemic peak of 17.7 percent in June.
But the pace of job creation is down from earlier in the recovery and claims for unemployment insurance show continued layoffs as well as an increase in the ranks of the long-term unemployed.
The national unemployment rate fell 0.2 of a percentage point in November to 6.7 percent as employers added 245,000 jobs. That figure understates the full jobless rate because it doesn’t include people who have dropped out of the labor force and are not actively searching for work.
This is a developing story. Please check back for updates.