Commonwealth of Massachusetts Executive Office of Labor and
|For Immediate Release:||March 20, 2014|
|Contact: Ann Dufresne - 617-626-7121|
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MASSACHUSETTS ADDS 3,800 JOBS IN FEBRUARY
Unemployment Rate Drops to 6.5 Percent
BOSTON, MA - March 20, 2014 --- The Executive Office of Labor and Workforce Development (EOLWD) today reported that the Bureau of Labor Statistics' (BLS) preliminary estimates show that Massachusetts added 3,800 jobs in February and the total unemployment rate dropped 0.3 of a percentage point to 6.5 percent from the January rate.
Over the month, jobs are up 3,800 with private sector jobs up 3,000. Since February 2013, Massachusetts added 47,600 jobs; the private sector added 50,500 jobs. The total unemployment rate was down 0.4 of a percentage point from the February 2013 6.9 percent rate.
BLS also revised downward the number of jobs lost in January from 4,500 to 3,900.
Trade, Transportation and Utilities gained 3,200 (+0.6%) jobs over the month. Over the year, Trade, Transportation, and Utilities added 6,100 (+1.1%) jobs.
Manufacturing added 400 (+0.2%) jobs over the month. Over the year, Manufacturing lost 600 (-0.2%) jobs.
Information gained 400 (+0.4%) jobs over the month. Over the year, Information gained 4,000 (+4.7%) jobs.
Leisure and Hospitality lost 3,600 (-1.1%) jobs over the month. Over the year, Leisure and Hospitality added 5,300 jobs (+1.6%).
Financial Activities lost 1,600 (-0.8%) jobs over the month. Over the year, Financial Activities lost 100 (0.0%) jobs.
Education and Health Services lost 900 (-0.1%) jobs over the month. Over the year, Education and Health Services gained 12,600 (+1.7%) jobs.
Construction lost 700 (-0.6%) jobs over the month. Over the year, Construction has added 2,800 (+2.3%) jobs.
Other Services lost 300 (-0.2%) jobs over the month. Over the year, Other Services jobs are up 2,400 (+2.0%) jobs.
Government added 800 (+0.2%) jobs over the month. Over the year, Government lost 2,900 jobs (-0.7%).
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 February 2014 will be released on Tuesday, March 25, 2014. The preliminary March 2014 and revised February 2014 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, April 17, 2014. See the annual schedule for complete list of release dates.