Commonwealth of Massachusetts Executive Office of Labor and
|For Immediate Release:||June 19, 2014|
|Contact: Ann Dufresne - 617-626-7121|
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Unemployment Rate Drops to 5.6 Percent
9,100 jobs added in May
BOSTON, MA - June 19, 2014 --- The Bureau of Labor Statistics' (BLS) preliminary estimates show that Massachusetts added 9,100 jobs in May and the total unemployment rate dropped 0.4 of a percentage point to 5.6 percent from the April rate.
Over the month, jobs were up 9,100 with private sector jobs up 8,800. Since May 2013, Massachusetts has added a net of 49,700 jobs; with 51,300 jobs added in the private sector and 300 added in the public sector. The total unemployment rate was down 1.4 percent from the May 2013 rate of 7.0 percent.
Massachusetts has now recovered all of the jobs lost since the last two recessions. Employment is now at the highest level since 1990.
BLS also revised its April estimates downward to a 2,000 jobs loss from the 1,600 job loss previously reported for the month.
Education and Health Services gained 3,300 (+0.4%) jobs over the month. Over the year, Education and Health Services gained 16,500 (+2.3%) jobs.
Financial Activities added 1,200 (+0.6%) jobs over the month. Over the year, Financial Activities added 1,100 (+0.5%) jobs.
Construction gained 900 (+0.7%) jobs over the month. Over the year, Construction has added 2,100 (+1.7%) jobs.
Information added 500 (+0.6%) jobs over the month. Over the year, Information gained 4,400 (+5.1%) jobs.
Professional, Scientific and Business Services gained 400 (+0.1%) jobs over the month. Over the year, Professional, Scientific and Business Services added 10,400 (+2.1%) jobs.
Manufacturing added 200 (+0.1%) jobs over the month. Over the year, Manufacturing lost 200 (-0.1%) jobs.
Other Services lost 1,100 (-0.9%) jobs over the month. Over the year, Other Services jobs are up 3,400 (+2.8%) jobs.
Trade, Transportation and Utilities lost 900 (-0.2%) jobs over the month. Over the year, Trade, Transportation, and Utilities added 9,600 (+1.7%) jobs.
Government added 300 (+0.1%) jobs over the month. Over the year, Government lost 1,600 (-0.4%) 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 May 2014 will be released on Tuesday, June 24, 2014. The preliminary June 2014 and revised May 2014 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, July 17, 2014. See the 2014 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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