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[Boston Herald] Massachusetts Jobless Rate Drops to Lowest Since Start of Pandemic

Jay Zagorsky

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April 15, 2022

The Boston Herald recently published insight featuring Jay Zagorsky, Senior Lecturer in the Department of Markets, Public Policy, and Law, on the unusually low unemployment rate for the state of Massachusetts.

Officials reported that the state’s unemployment rate is 4.3%, the lowest the rate has been since the start of the COVID-19 pandemic. Additionally, the Bureau of Labor Statistics estimates Massachusetts gained 186,400 jobs from March 2021 to March 2022, an increase suggesting opportunities remain for those who are still unemployed. Jay elaborates on this dynamic by stating that,

“The even better news is that jobs are coming back in the state’s hardest-hit areas,” he says. “Over the past year, the leisure and hospitality industry has gained more than a quarter-of-a-million — 272,500 — jobs, since people are again eating out in restaurants, staying in hotels and going to shows.”

Jay Zagorsky is a Senior Lecturer in Markets, Public Policy, & Law and is a cross-disciplinary researcher who has spent over two decades of researching a wide variety of personal wealth topics. He tries to explain why some people become rich, others are poor and some move between these two states. He is currently synthesizing this research into a book that presents the results of his academic research and other wealth researchers in an accessible format.