For Immediate Release:
|June 16, 2016|
|Contact: Colleen Quinn 617-626-7121|
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Unemployment Rate Remained at 4.2 Percent in May
Massachusetts Jobs Down 6,400
The preliminary May job estimates from the Bureau of Labor Statistics indicate Massachusetts lost 6,400 jobs. Job losses were impacted by a temporary labor dispute in the Information sector.
BLS also revised upward the state's over the month job gains in April, reporting 15,200 jobs were added compared to the 13,900 job gain originally reported. Year-to-date, December 2015 to May 2016, Massachusetts has added 30,500 jobs.
In May, Leisure and Hospitality was the only sector to experience over the month job gains.
At 4.2 percent, the unemployment rate is down 0.7 percent over the year, with the state's seasonally adjusted unemployment rate dropping from 4.9 percent in May 2015. There were 26,600 fewer unemployed persons and 49,000 more employed persons over the year compared to May 2015.
The Commonwealth's May unemployment rate remains lower than the national rate of 4.7 percent reported by the Bureau of Labor Statistics.
"The labor force continues to grow, with 7,000 more employed residents and 2,000 fewer unemployed residents in May," Labor and Workforce Development Secretary Ronald L. Walker, II said. "The Education and Health Care and Professional, Scientific and Business Services sectors continue to generate the most jobs in the Commonwealth."
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 - remained 65.0 percent. The labor force participation rate over the year has decreased 0.2 of a percentage point compared to May 2015.
Over the year, the largest private sector percentage job gains were in Construction; Professional, Scientific and Business Services; Other Services; and Leisure and Hospitality.
May 2016 Employment Overview
Information lost 4,300 (-4.8%) jobs over the month. Telecommunications was impacted by a temporary labor dispute. Over the year, Information lost 2,300 (-2.6%) jobs.
Construction lost 1,700 (-1.1%) jobs over the month. Over the year, Construction has gained 9,900 (+7.2%) jobs.
Trade, Transportation and Utilities lost 1,200 (-0.2%) jobs over the month. Over the year, Trade, Transportation and Utilities added 4,000 (+0.7%) jobs.
Education and Health Services lost 1,100 (-0.1%) jobs over the month. Over the year, Education and Health Services gained 13,600 (+1.8%) jobs.
Professional, Scientific and Business Services lost 1,000 (-0.2%) jobs over the month. Over the year, Professional, Scientific and Business Services added 11,700 (+2.2%) jobs.
Financial Activities lost 600 (-0.3%) jobs over the month. Over the year, Financial Activities gained 3,000 (+1.4%) jobs.
Other Services lost 600 (-0.4%) jobs over the month. Over the year, Other Services are up 2,900 (+2.2%) jobs.
Manufacturing lost 600 (-0.2%) jobs over the month. Over the year, Manufacturing lost 1,100 (-0.4%) jobs.
Government jobs level remained unchanged (0.0%) over the month. Over the year, Government gained 5,200 (+1.2%) jobs.
Labor Force Overview
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 May 2016 will be released on Tuesday, June 21, 2016. The preliminary June 2016 and revised May 2016 unemployment rate, labor force and job estimates for Massachusetts will be released on Thursday, July 21, 2016. See the 2016 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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