Commonwealth of Massachusetts Executive Office of Labor and
|For Immediate Release:||December 18, 2014|
|Contact: Ann Dufresne - 617-626-7121|
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Massachusetts adds 13,500 jobs in November
Unemployment Rate Drops to 5.8%
BOSTON, MA - December 18, 2014 --- The Executive Office of Labor and Workforce Development (EOLWD) today reported that preliminary estimates from the Bureau of Labor Statistics (BLS) show Massachusetts added 13,500 jobs in November for a total preliminary estimate of 3,438,500. The November total unemployment rate was 5.8 percent, down 0.2 of a percentage point over the month.
Since November 2013, Massachusetts has added a net of 59,600 jobs; with 57,400 jobs added in the private sector. The total unemployment rate for the year is down 1.3 percent from the November 2013 rate of 7.1 percent.
BLS also revised its October job estimates to a 1,600 job gain from the 1,200 gain previously reported for the month.
Financial Activities gained 2,600 (+1.2%) jobs over the month. Over the year, Financial Activities added 4,500 (+2.2%) jobs.
Other Services added 1,700 (+1.3%) jobs over the month. Over the year, Other Services jobs are up 2,800 (+2.2%) jobs.
Professional, Scientific and Business Services gained 1,600 (+0.3%) jobs over the month. Over the year, Professional, Scientific and Business Services added 13,000 (+2.5%) jobs.
Trade, Transportation and Utilities added 1,500 (+0.3%) jobs over the month. Over the year, Trade, Transportation, and Utilities gained 9,000 (+1.6%) jobs.
Manufacturing gained 1,300 (+0.5%) jobs over the month. Over the year, Manufacturing lost 1,300 (-0.5%) jobs.
Leisure and Hospitality added 1,300 (+0.4%) jobs over the month. Over the year, Leisure and Hospitality added 1,800 (+0.5%) jobs.
Construction lost 400 (-0.3%) jobs over the month. Over the year, Construction has added 2,000 (+1.6%) jobs.
Information lost 200 (-0.2%) jobs over the month. Over the year, Information added 7,400 (+8.5%) jobs.
Government added 100 (0.0%) jobs over the month. Over the year, Government gained 2,200 (+0.5%) 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: Revised BLS CES jobs estimates now include jobs in Health Care that cover services to the elderly and disabled persons that were not previously in this series. The changes begin in January 1999.
Beginning with the March 2011 estimates, the Bureau of Labor Statistics (BLS) has assumed responsibility for the production of the CES State and sub-state jobs estimates. BLS has also implemented methodological changes which may increase the month to month variability of the estimates (see Changes to procedures for producing Current Employment Statistics (CES) State estimates.)
Local area unemployment statistics for November 2014 will be released on Tuesday, December 23, 2014. The preliminary December 2014 and revised November 2014 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, January 22, 2015. See the 2014 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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