For Immediate Release:
|October 19, 2018|
|Contact: Charles Pearce 617-626-7121|
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|Massachusetts Unemployment and Job Estimates for September|
BOSTON, MA -- OCTOBER 19, 2018 -- The state's total unemployment rate remained at 3.6 percent in September, the Executive Office of Labor and Workforce Development announced Friday.
The Bureau of Labor Statistics' preliminary job estimates indicate Massachusetts lost 6,200 jobs in September. Over the month, the private sector lost 6,000 jobs although gains occurred in Trade, Transportation, and Utilities; Education and Health Services; Professional, Scientific, and Business Services; Construction; and Financial Activities. The jobs level for Other Services remained unchanged over the month.
From September 2017 to September 2018, BLS estimates Massachusetts has added 63,400 jobs.
The September unemployment rate was one-tenth of a percentage point lower than the national rate of 3.7 percent reported by the Bureau of Labor Statistics.
"Last month, preliminary data indicates that there were 17,500 more employed residents and 1,500 fewer unemployed in the Commonwealth. The continued labor force gains and an estimated addition of 48,800 jobs year-to-date, are signs that our economy is attracting more residents to enter and gain employment in Massachusetts," Labor and Workforce Development Secretary Rosalin Acosta said.
The labor force increased by 16,100 from 3,806,000 in August, as 17,500 more residents were employed and 1,500 fewer residents were unemployed over the month.
Over the year, the state's seasonally adjusted unemployment rate remained unchanged at 3.6 percent.
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 - is up two-tenths of a percentage point over the month at 67.8 percent. Compared to September 2017, the labor force participation rate is up 2.4 percentage points.
The largest private sector percentage job gains over the year were in Construction; Professional, Scientific, and Business Services; Other Services; and Manufacturing.
September 2018 Employment Overview
Education and Health Services added 1,300 (+0.2%) jobs over the month. Over the year, Education and Health Services gained 10,400 (+1.3%) jobs.
Professional, Scientific and Business Services added 600 (+0.1%) jobs over the month. Over the year, Professional, Scientific and Business Services gained 28,300 (+5.0%) jobs.
Construction added 500 (+0.3%) jobs over the month. Over the year, Construction has added 10,300 (+6.7%) jobs.
Financial Activities gained 500 (+0.2%) jobs over the month. Over the year, Financial Activities added 1,800 (+0.8%) jobs.
Other Services jobs level remained unchanged over the month (0.0%). Over the year, Other Services are up 3,500 (+2.5%) jobs.
Information lost 300 (-0.3%) jobs over the month. Over the year, Information added 300 (+0.3%) jobs.
Manufacturing lost 1,100 (-0.4%) jobs over the month. Over the year, Manufacturing gained 3,400 (+1.4%) jobs.
Leisure and Hospitality lost 9,100 (-2.4%) jobs over the month. Over the year, Leisure and Hospitality added 2,300 (+0.6%) jobs.
Government lost 200 (0.0%) jobs over the month. Over the year, Government added 2,400 (+0.5%) 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 Local area unemployment statistics for September 2018 will be released on Tuesday, October 23, 2018. The preliminary October 2018 and revised September 2018 unemployment rate, labor force and job estimates for Massachusetts will be released on Friday, November 16, 2018. See the 2018 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
This workforce product was funded by a grant awarded by the U.S. Department of Labor's Employment and Training Administration. (more...)