Massachusetts Jobless Rate Falls – Car Thefts Drop

Massachusetts jobless rate fallsThe Massachusetts jobless rate dropped to 6.5 percent in February and the office of Labor and Workforce Development says the state has now regained all the jobs lost during the recession.

Last month’s Massachusetts jobless rate fell two-tenths of a percentage point from January and initial estimates showed a gain of 500 jobs in February.

Officials also released revised estimates from the Federal Bureau of Labor Statistics showing that 19,800 jobs were created in Massachusetts in January, about 2,800 more than initially estimated.

Because of the revised numbers from the Bureau of Labor Statistics, the state says there are now 3,318,500 jobs in Massachusetts, compared to 3,304,300 in April 2008.

The state’s unemployment rate remains more than a full point below the national rate, which fell to a four-year low of 7.7 percent in February.

More positive news for the state: Car thefts in Massachusetts have dropped by 88 percent since the mid-1970s, when the state had the dubious distinction of being the country’s car theft capital.

Insurance experts and law enforcement officials credit the dramatic drop to antitheft features, from transponder keys and immobilizing devices and vehicle tracking systems, and to vigorous enforcement by police.

The Boston Globe reports that there were 1,575 reports of stolen vehicles in Boston last year, compared with 28,000 in 1975. In Massachusetts, car thefts have dropped every year since 2001.

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