April 29, 2024
FTC Bans Most Non-Compete Agreements
The U.S. Federal Trade Commission (FTC) recently announced a new regulation banning the use of most non-compete agreements…
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April 29, 2024
The U.S. Federal Trade Commission (FTC) recently announced a new regulation banning the use of most non-compete agreements…
Read MoreApril 29, 2024
The US Department of Labor (DOL) last week announced a final rule governing the Fair Labor Standards Act…
Read MoreApril 29, 2024
Question I saw a notice that the EEOC (US Equal Employment Opportunity Commission) issued regulations related to the…
Read MoreNew figures from the federal Bureau of Labor Statistics show that Massachusetts continues to show solid, unspectacular job growth.
The commonwealth added 9,100 jobs in October, 9,400 in September, and 6,000 in August. The September number is a preliminary estimate, while earlier months are revised. Release of the data was delayed by the federal government shutdown.
Since last October the Bay State has added 52,100 jobs, all in the private sector.
Among the industry sectors sharing in this growth are Education and Health Services (+17,300 on the year); Trade, Transportation, and Utilities (+11,400); Professional, Scientific and Business Services (+8,900); Information (+ 6,700, a 7.7 percent gain); and Construction (+6,300). The manufacturing sector shed 4,300 jobs.
The household survey, by contrast, finds 5,200 fewer Massachusetts residents employed and 15,600 more unemployed, which is why the unemployment rate is at 7.2 percent, up half a point from last October. I have not seen a plausible explanation of this persistent divergence, which makes the state of our economy hard to track.