For Immediate Release:
|December 20, 2019|
|Contact: Charles Pearce 617-626-7121|
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|Massachusetts Unemployment and Job Estimates for November|
BOSTON, MA -- DECEMBER 20, 2019 -- The state's November total unemployment rate remained at 2.9 percent, the Executive Office of Labor and Workforce Development announced Friday.
The Bureau of Labor Statistics' (BLS) preliminary job estimates indicate Massachusetts added 5,200 jobs in November. Over the month, the private sector added 4,900 jobs as gains occurred in Leisure and Hospitality; Education and Health Services; Financial Activities; Professional, Scientific and Business Services; Trade, Transportation and Utilities; Manufacturing; and Information. Losses occurred in Construction and Other Services while Government added jobs over the month.
From November 2018 to November 2019, BLS estimates Massachusetts added 48,600 jobs.
The November unemployment rate was six-tenths of a percentage point lower than the national rate of 3.5 percent reported by the Bureau of Labor Statistics.
"Eleven months of preliminary job estimates indicate that 2019 will be another strong year for the Massachusetts economy. Nearly 50,000 jobs have been added year to date. The unemployment rate has remained at 2.9% for five consecutive months and is 0.6% below the US average. Education and Health Services maintains the distinction of having added the most jobs and the largest growth rate in the Commonwealth, accounting for nearly half of all the private-sector jobs added since December of 2018," Labor and Workforce Development Secretary Rosalin Acosta said.
The labor force increased by 4,100 from 3,845,600 in October, as 4,900 more residents were employed and 800 fewer residents were unemployed over the month.
Over the year, the state's seasonally adjusted unemployment rate dropped two-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 -- remained at 67.7 percent. Compared to November 2018, the labor force participation rate is down two-tenths of a percentage point.
The largest private sector percentage job gains over the year were in Education and Health Services; Other Services; Information; and Financial Activities.
November 2019 Employment Overview
Leisure and Hospitality added 1,900 (+0.5%) jobs over the month. Over the year, Leisure and Hospitality gained 4,900 (+1.3%) jobs.
Education and Health Services added 1,000 (+0.1%) jobs over the month. Over the year, Education and Health Services gained 22,700 (+2.8%) jobs.
Financial Activities added 900 (+0.4%) jobs over the month. Over the year, Financial Activities added 4,300 (+2.0%) jobs.
Professional, Scientific and Business Services added 500 (+0.1%) jobs over the month. Over the year, Professional, Scientific and Business Services gained 9,100 (+1.6%) jobs.
Trade, Transportation and Utilities added 500 (+0.1%) jobs over the month. Over the year, Trade, Transportation and Utilities gained 900 (+0.2%) jobs.
Manufacturing added 400 (+0.2%) jobs over the month. Over the year, Manufacturing gained 100 (0.0%) jobs.
Information added 200 (+0.2%) jobs over the month. Over the year, Information gained 1,900 (+2.1%) jobs.
Construction lost 300 (-0.2%) jobs over the month. Over the year, Construction has lost 400 (-0.3%) jobs.
Other Services lost 200 (-0.1%) jobs over the month. Over the year, Other Services are up 3,300 (+2.4%) jobs.
Government added 300 (+0.1%) jobs over the month. Over the year, Government gained 1,800 (+0.4%) jobs.
Labor Force Overview
The November estimates show 3,739,200 Massachusetts residents were employed and 110,500 were unemployed, for a total labor force of 3,849,600. The unemployment rate was unchanged at 2.9 percent. The November labor force increased by 4,100 as 4,900 more residents were employed and 800 fewer residents were unemployed over the month. The labor force participation rate, the share of working age population employed and unemployed, remained at 67.7 percent. The labor force was up 15,700 from the 3,833,900 November 2018 estimate, with 24,700 more residents employed and 8,900 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 November 2019 will be released on Tuesday, December 24, 2019. The preliminary December 2019 and revised November 2019 unemployment rate, labor force and job estimates for Massachusetts will be released on Friday, January 24, 2020. 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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