For Immediate Release:
|April 19, 2019|
|Contact: Charles Pearce 617-626-7121|
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|Massachusetts Unemployment and Job Estimates for March|
BOSTON, MA -- APRIL 19, 2019 -- The state's March total unemployment rate remained unchanged at 3.0 percent, the Executive Office of Labor and Workforce Development announced Friday.
The Bureau of Labor Statistics' preliminary job estimates indicate Massachusetts added 4,100 jobs in March. Over the month, the private sector added 5,400 jobs as gains occurred in Education and Health Services; Manufacturing; Professional, Scientific, and Business Services; Construction; Other Services; Financial Activities; Trade, Transportation, and Utilities; and Information. Leisure and Hospitality lost jobs over the month.
From March 2018 to March 2019, BLS estimates Massachusetts added 28,200 jobs.
The March unemployment rate was eight-tenths of a percentage point lower than the national rate of 3.8 percent reported by the Bureau of Labor Statistics.
"The Massachusetts economy continues to add jobs in key sectors of the economy like Professional, Business, and Scientific Services as well as Education and Health Services. Those job gains, along with the labor force gains and a consistently low unemployment rate, are signals of the continued strength of the Commonwealth's job market." Labor and Workforce Development Secretary Rosalin Acosta said.
The labor force increased by 100 from 3,843,600 in February, as 1,700 more residents were employed and 1,600 fewer residents were unemployed over the month.
Over the year, the state's seasonally adjusted unemployment rate dropped five-tenths of a percentage point.
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 one-tenth of a percentage point to 67.9 percent. Compared to March 2018, the labor force participation rate is up 0.7 percentage point.
The largest private sector percentage job gains over the year were in Other Services; Professional, Scientific, and Business Services; and Education and Health Services.
March 2019 Employment Overview
Education and Health Services added 2,000 (+0.2%) jobs over the month. Over the year, Education and Health Services gained 12,000 (+1.5%) jobs.
Manufacturing gained 1,700 (+0.7%) jobs over the month. Over the year, Manufacturing lost 600 (-0.2%) jobs.
Professional, Scientific and Business Services added 1,700 (+0.3%) jobs over the month. Over the year, Professional, Scientific and Business Services gained 9,200 (+1.6%) jobs.
Construction added 600 (+0.4%) jobs over the month. Over the year, Construction has lost 500 (-0.3%) jobs.
Other Services gained 600 (+0.4%) jobs over the month. Over the year, Other Services are up 2,200 (+1.6%) jobs.
Financial Activities added 500 (+0.2%) jobs over the month. Over the year, Financial Activities lost 300 (-0.1%) jobs.
Trade, Transportation and Utilities gained 400 (+0.1%) jobs over the month. Over the year, Trade, Transportation and Utilities added 3,000 (+0.5%) jobs.
Information added 300 (+0.3%) jobs over the month. Over the year, Information gained 1,100 (+1.2%) jobs.
Leisure and Hospitality lost 2,400 (-0.6%) jobs over the month. Over the year, Leisure and Hospitality lost 2,300 (-0.6%) jobs.
Government lost 1,300 (-0.3%) jobs over the month. Over the year, Government gained 4,500 (+1.0%) jobs.
Labor Force Overview
The March estimates show 3,729,900 Massachusetts residents were employed and 113,800 were unemployed, for a total labor force of 3,843,600. The unemployment rate remained at 3.0 percent. The March labor force increased by 100 as 1,700 more residents were employed and 1,600 fewer residents were unemployed over the month. The labor force participation rate, the share of working age population employed and unemployed, is down one-tenth of a percentage point at 67.9 percent. The labor force was up 68,200 from the 3,775,500 March 2018 estimate, with 88,300 more residents employed and 20,200 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.
NOTES: The labor force is the sum of the numbers of employed residents and those unemployed, that is residents not working but actively seeking work in the last four weeks. Estimates may not add up to the total labor force due to rounding.
Local area unemployment statistics for March 2019 will be released on Tuesday, April 23, 2019. The preliminary April 2019 and revised March 2019 unemployment rate, labor force and job estimates for Massachusetts will be released on Friday, May 17, 2019. See the 2019 Media Advisory annual schedule for a 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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Massachusetts Department of Unemployment Assistance
Department Economic Research
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