Massachusetts employers slash jobs

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For the third consecutive month, Massachusetts employers have drastically cut jobs. In response, the state unemployment rate soared last month to its highest level in more than five years, according to the Office of Labor and Workforce Development.
The state's unemployment rate has jumped to 5.9 percent from 5.5 percent in October, making it the highest since August 2003.
Professional and business services shed 2,000 jobs in November. Construction firms cut 1,700 jobs, manufacturers 1,200 jobs, and financial companies, 200, the report also said.
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