That is indeed the case.
In general, I think that if the PhD route is not really your cup of tea, then take the shorter in length of the MS programs even if it comes without a thesis. I’ve never seen any employer who ever cared about having a thesis for the MS unless they are either a very academic employer (e.g. national labs, which tend to favor PhDs anyways) or if you did something impressive for your research (but there are other ways to impress).
Once you already have a degree and you’re pursuing a Masters, the opportunity cost is a very large sum of money. Time becomes too valuable to waste an extra year on tacking on a thesis to the degree.