Unemployment drops to 8.6 percent

The state unemployment rate dropped to 8.6 percent in May, the lowest rate in more than four years.

According to the most recent numbers released by the Treasury Department, the state added 14,300 new jobs in the month, dropping the rate of unemployment from 8.7 percent.

Previously released April numbers were revised down by 2,400 jobs, to show a gain of 900 jobs over March’s total.

The 8.6 percent rate of unemployment is still a full percentage point above the national rate of 7.6 percent.

The state rate of unemployment has been steadily dropping since January when it stood at 9.5 percent.  Prior to that the state experienced 8 months of fluctuation between 9.7 percent and 9.5 percent going back to May 2012.

Unemployment drops to 8.6 percent