For Immediate Release:
|August 20, 2015|
|Contact: Colleen Quinn - 617-626-7121|
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Unemployment Rate at 4.7 Percent in July
Slight revision to June rate reported
BOSTON, MA -August 20, 2015 --- The state's total unemployment rate remained at 4.7 percent in July following a revision to the June unemployment rate, the Executive Office of Labor and Workforce Development announced Thursday.
The new preliminary job estimates from the Bureau of Labor Statistics indicate Massachusetts gained 7,200 jobs in July, marking the tenth consecutive month of jobs gains. Year to date, Massachusetts has added 46,200 jobs.
Revised labor force estimates show small changes in the estimates for both employed and unemployed residents which moved the June total unemployment rate up to 4.7 percent from the previously published 4.6 percent rate.
Preliminary July estimates show the number of employed residents declined by 21,300 while the number of unemployed residents increased by 1,000 for a labor force drop of 20,400.
Over the year, the state's seasonally adjusted unemployment rate fell 1.0 percent from 5.7 percent in July 2014.
The July state unemployment rate remains lower than the national rate of 5.3 percent reported by the Bureau of Labor Statistics.
The state's labor force participation rate - the total number of residents 16 or older who worked or were unemployed and actively sought work in the last four weeks - decreased 0.4 of a percentage point to 65.8 over the month. The labor force participation rate over the year has increased 0.4 percent compared to July 2014.
July 2015 estimates show that 3,444,400 residents were employed and 170,000 were unemployed. There were 32,400 fewer unemployed persons over the year compared to July 2014.
The largest private sector percentage job gains over the year were in Professional, Scientific and Business Services; Education and Health Services; Other Services and Construction.
Professional, Scientific and Business Services added 2,000 (+0.4%) jobs over the month. Over the year, Professional, Scientific and Business Services added 21,000 (+4.0%) jobs.
Manufacturing gained 1,400 (+0.6%) jobs over the month. Over the year, Manufacturing added 2,000 (+0.8%) jobs.
Other Services added 1,400 (+1.0%) jobs over the month. Over the year, Other Services are up 3,300 (+2.5%) jobs.
Information gained 800 (+0.9%) jobs over the month. Over the year, Information added 1,900 (+2.2%) jobs.
Trade, Transportation and Utilities lost 300 (-0.1%) jobs over the month. Over the year, Trade, Transportation and Utilities gained 3,500 (+0.6%) jobs.
Construction lost 400 (-0.3%) jobs over the month. Over the year, Construction has added 3,100 (+2.4%) jobs.
Financial Activities lost 700 (-0.3%) jobs over the month. Over the year, Financial Activities added 1,200 (+0.6%) jobs.
Leisure and Hospitality lost 2,200 (-0.6%) jobs over the month. Over the year, Leisure and Hospitality added 3,600 (+1.1%) jobs.
Government added 1,600 (+0.3%) jobs over the month. Over the year, Government gained 11,200 (+2.5%) jobs.
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 July 2015 will be released on Tuesday, August 25, 2015. The preliminary August 2015 and revised July 2015 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, September 17, 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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