Commonwealth of Massachusetts Executive Office of Labor and
|For Immediate Release:||March 06, 2014|
|Contact: Ann Dufresne - 617-626-7121|
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REVISED DATA SHOW MASSACHUSETTS ADDED 55,200 JOBS IN 2013
Unemployment Rate Drops to 6.8 Percent in January
BOSTON, MA - March 6, 2014 --- The Executive Office of Labor and Workforce Development (EOLWD) today released annual revisions that show Massachusetts added 55,200 jobs in 2013, with private sector job gains of 54,400. This represents the largest number of jobs created in a December-December period since 2000.The Professional, Scientific, and Business Services and Education and Health Services sectors added the most jobs in 2013.
The Executive Office also released preliminary January 2014 estimates that show that the Massachusetts total unemployment rate dropped 0.3 a percentage point to 6.8 percent from the revised December 2013 rate, and jobs were down 4,500.
Over the month, private sector jobs were down 1,600, although there were gains in five sectors. Over the year, January 2013 to January 2014, jobs were up 50,000. Private sector jobs were up 49,900 with gains in eight of the nine sectors. Professional, Scientific, and Business Services; Education and Health Services; and Leisure and Hospitality had the largest gains. Manufacturing recorded the only loss.
Since January 2013, the unemployment rate fell 0.1 of a percentage point from 6.9 percent. The revised unemployment rates indicate rates were higher in 2013 than previously published.
Information added 1,600 (+1.8%) jobs over the month. Over the year, Information gained 4,100 (+4.8%) jobs.
Leisure and Hospitality gained 800 (+0.2%) jobs over the month. Over the year, Leisure and Hospitality added 9,600 jobs (+2.9%).
Financial Activities added 700 (+0.3%) jobs over the month. Over the year, Financial Activities gained 1,600 (+0.8%) jobs.
Education and Health Services added 700 (+0.1%) jobs over the month. Over the year, Education and Health Services gained 10,900 (+1.5%) jobs.
Other Services had no change in its jobs level over the month. Over the year, Other Services added 2,500 (+2.0%) jobs.
Trade, Transportation and Utilities lost 6,700 (-1.2%) jobs over the month. Over the year, Trade, Transportation, and Utilities added 3,900 (+0.7%) jobs.
Government lost 2,900 (-0.7%) jobs over the month. Over the year, Government gained 100 jobs (0.0%).
Professional, Scientific and Business Services lost 1,400 (-0.3%) jobs over the month. Over the year, Professional, Scientific and Business Services added 13,500 (+2.7%) jobs.
Manufacturing lost 300 (-0.1%) jobs over the month. Over the year, Manufacturing lost 1,200 (-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 January 2014 will be released on Tuesday, March 11, 2014. The preliminary February 2014 and revised January 2014 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, March 20, 2014. See the 2014 Media Advisory annual schedule for complete listing of release dates. Detailed labor market information is available at www.mass.gov/lmi.
|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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or visit: www.mass.gov/lwd/ui-fraud