For Immediate Release:
|May 21, 2015|
|Contact: Colleen Quinn - 617-626-7121|
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April Unemployment Rate Drops to 4.7 Percent
Massachusetts Adds 10,100 Jobs
BOSTON, MA - MAY 21, 2015 --- Massachusetts' total unemployment rate dropped to 4.7 percent in April, a 0.1 percentage point decrease from the previous month, the Executive Office of Labor and Workforce Development announced Thursday.
The Bureau of Labor Statistics also revised upward its March job figure, reporting the state gained 12,100 jobs, instead of 10,500 which the agency reported last month.
Over the year, the state's unemployment rate fell 1.1 percent from 5.8 percent in April 2014. January 2008 was the last time the state's unemployment rate was at 4.7 percent.
The April state unemployment rate remains lower than the national rate of 5.4 percent reported by the Bureau of Labor Statistics.
The state's labor participation rate -- the total number of residents 16 or older who worked or were unemployed and actively sought work in the last four weeks -- increased 0.1 percentage point to 66.3. The April labor participation rate is the highest since May 2010, and this is the third consecutive month there was an increase in the participation rate.
Compared to April 2014, the labor participation rate increased 1.1 percent over the year.
"This is the seventh consecutive month we've seen a decrease in unemployment," Labor and Workforce Development Secretary Ronald Walker said. "Many more residents are employed, and labor participation has increased again."
April 2015 estimates show that 3,464,500 residents were employed and 169,400 were unemployed. There were 37,700 fewer unemployed persons over the year compared to April 2014.
Over the month, jobs were up 10,100 with a private sector gain of 9,700. Since April 2014, jobs grew by 66,100 with 57,900 private sector job gains. Education and Health Services and Professional, Scientific, and Business Services had the largest job gains over the year. All sector details are listed below.
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.
NOTES: The labor force is sum of number of employed residents and those unemployed, that is residents not working but actively seeking work in the last four weeks. Estimates may not add to the total labor force due to rounding.
Local area unemployment statistics for April 2015 will be released on Tuesday, May 26, 2015. The preliminary May 2015 and revised April 2015 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, June 18, 2015. See the 2015 Media Advisory annual schedule for complete list of release dates.
|Statewide Seasonally Adjusted Unemployment||Statewide Seasonally Adjusted Employment|
|Statewide Not Seasonally Adjusted Unemployment||Statewide Not Seasonally Adjusted Employment|
|Labor Force and Unemployment Data||Current Employment Statistics Data|
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