Mass. Unemployment Rate Ticks Up To 6.6 Percent

BOSTON (AP) â¿¿ The Massachusetts unemployment rate ticked up to 6.6 percent in October even as the state's economy added nearly 8,000 jobs.

The state Executive Office of Labor and Workforce Development announced Thursday that the unemployment rate rose 0.1 percentage point compared to September, but remains 0.5 of a percentage point below the October 2011 rate of 7.1 percent.

The figures reflect different calculation methods: The unemployment rate is based on a monthly state sampling of households, while the jobs estimate is derived from a sample survey of employers.

Even though the state unemployment rate rose for the fourth consecutive month, it remains well below the national rate of 7.9 percent.

The office says the construction and professional sectors added the most jobs, while the hospitality, and transportation and utility sectors lost jobs.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Opinion

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

Apple Buys Tesla? Amazon Buys Sears? 3 Dream Mergers That Just Make Sense

Apple Buys Tesla? Amazon Buys Sears? 3 Dream Mergers That Just Make Sense

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

7 Takeaways From Google's $550-Million Investment in Alibaba Rival JD.com

7 Takeaways From Google's $550-Million Investment in Alibaba Rival JD.com

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

It's Just Not Smart For Investors to Ignore the Threat of a Trade War