Tag Archives: labor stats

MASSACHUSETTS ADDS 3,500 JOBS IN MAY

Unemployment Rate at 6.6 Percent

BOSTON The Executive Office of Labor and Workforce Development today reported that the Bureau of Labor Statistics’ (BLS) preliminary estimates show that Massachusetts added 3,500 jobs in May and the total unemployment rate slightly increased to 6.6 percent.

 

Trade, Transportation, and Utilities; Construction; Financial Activities; Professional, Scientific, and Business Services; Other Services; and Education and Health Services added jobs in May. In the first five months of 2013, Massachusetts added 14,500 jobs. Over the year, Massachusetts added 49,600 jobs, 46,900 of which were in the private sector.

 

Over the year, the unemployment rate was down 0.1 of a percentage point from the May 2012 rate of 6.7 percent. Revised BLS estimates show 3,300 jobs lost in April.

May 2013 Employment Overview

Trade, Transportation, and Utilities added 2,000 (+0.4%) jobs over the month. Over the year, Trade, Transportation, and Utilities added 3,600 (+0.7%) jobs.

 

Construction gained 1,000 (+0.9%) jobs over the month. Over the year, Construction has added 5,000 (+4.4%) jobs.

 

Financial Activities added 900 (+0.4%) jobs over the month. Over the year, Financial Activities shed 800 (-0.4%) jobs.

 

Professional, Scientific, and Business Services added 900 (+0.2%) jobs over the month. Over the year, Professional, Scientific, and Business Services added 16,000 (+3.3%) jobs.

Other Services gained 900 (+0.7%) jobs over the month. Over the year, Other Services added 3,500 (+2.9%) jobs.

 

Education and Health Services added 800 (+0.1%) jobs over the month. Over the year, Education and Health Services gained 16,600 (+2.4%) jobs.

 

Manufacturing lost 1,200 jobs (-0.5%) over the month. Over the year, Manufacturing lost 3,500 (-1.4%) jobs.

 

Leisure and Hospitality lost 900 (-0.3%) jobs over the month. Over the year, Leisure and Hospitality added 4,700 jobs (+1.5%).

 

Information lost 600 (-0.7%) jobs over the month. Over the year, Information gained 1,900 (+2.2%) jobs.

 

Government lost 200 (0.0%) jobs over the month. Over the year, Government gained 2,700 (+0.6%) jobs.

Labor Force Overview

The May 2013 estimates show 3,251,200 Massachusetts residents were employed and 230,500 were unemployed, for a total labor force of 3,481,700. The May labor force increased by 8,900 from 3,472,800 in April 2013, as 1,100 more residents were employed and 7,800 more residents were unemployed over the month. The labor force was an estimated 7,600 above the 3,474,100 May 2012 estimate, with 9,500 more residents employed and 1,900 fewer residents unemployed.

 

The unemployment rate is based on a monthly sample of households. The job estimates are derived from a monthly sample survey of employers. As a result, the two statistics may exhibit different monthly trends.

 

LATEST SEASONALLY UNADJUSTED JOB AND UNEMPLOYMENT ESTIMATES for MA

LATEST SEASONALLY UNADJUSTED JOB AND UNEMPLOYMENT ESTIMATES FOR LOCAL LABOR MARKETS IN THE COMMONWEALTH

BOSTON – The Executive Office of Labor and Workforce Development today reported that the seasonally unadjusted unemployment rates for February 2013 were down in twenty-one areas and up in one area over the month, according to data provided by the Bureau of Labor Statistics. Over the year, the rates were down in twenty areas and remained unchanged in two areas.

Statewide, the February seasonally unadjusted unemployment rate was 6.8%, down 0.6% over the month. Over the year, the statewide unadjusted rate was 0.5% below the 7.3% rate posted for February 2012.

In February 2013, over the month job gains occurred in the Boston-Cambridge-Quincy, Springfield, Lowell-Billerica-Chelmsford, Brockton-Bridgewater-Easton, New Bedford, and Peabody areas. The remaining six areas all recorded a loss.

Over the year, ten of the twelve areas added jobs, with the largest percentage gains in the Barnstable, Brockton-Bridgewater-Easton, Peabody, and Haverhill-North Andover-Amesbury areas.

The seasonally adjusted statewide February unemployment rate, released on March 21st, was 6.5%, down 0.2% over the month and down 0.2% from the 6.7% rate recorded in February 2012. The statewide seasonally adjusted jobs estimate showed a 500 job gain in February, following a gain of 18,900 jobs in January.

The labor force, unemployment rates and jobs estimates, for Massachusetts and for every other state, are based on statistical methodologies specified by the U.S. Department of Labor’s Bureau of Labor Statistics.

The unadjusted unemployment rates and job estimates for the labor market areas reflect seasonal fluctuations and therefore may show different levels and trends than the statewide seasonally adjusted estimates.

NOTES: The March 2013 unemployment rate, labor force data, and jobs estimates for Massachusetts will be released on April 18, 2013; local unemployment statistics will be released on April 23, 2013. Detailed labor market information is available at www.mass.gov/lmi. See the 2013 Media Advisory annual schedule for complete listing of release dates.

Report Unemployment Fraud by Calling the Department of Unemployment Assistance’s Fraud Hotline @ 1-800-354-9927 or visit: www.mass.gov/lwd/ui-fraud