Commonwealth of Massachusetts Executive Office of Labor and
|For Immediate Release:||August 14, 2014|
|Contact: Ann Dufresne - 617-626-7121|
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Massachusetts Adds 13,800 Jobs in July
Unemployment Rate at 5.6 percent
BOSTON, MA -August 14, 2014 --- The Executive Office of Labor and Workforce Development (EOLWD) today reported that preliminary estimates from the Bureau of Labor Statistics (BLS) show Massachusetts added 13,800 jobs in July for a total of 3,422,100 jobs and the total unemployment rate edged up 0.1 of a percentage point to 5.6 percent from the June rate. The rate is still the lowest since August 2008 and is below the 6.2 percent national unemployment rate.
Since July 2013, Massachusetts has added a net of 67,300 jobs; with 66,400 jobs added in the private sector. The total unemployment rate for the year is down 1.6 percent from the July 2013 rate of 7.2 percent.
BLS also revised its June job estimates to a 2,500 job gain from the 3,700 gain previously reported for the month.
Professional, Scientific and Business Services added 5,000 (+1.0%) jobs over the month. Over the year, Professional, Scientific and Business Services added 13,300 (+2.6%) jobs.
Education and Health Services gained 3,800 (+0.5%) jobs over the month. Over the year, Education and Health Services gained 24,000 (+3.3%) jobs.
Construction added 1,900 (+1.5%) jobs over the month. Over the year, Construction has added 2,400 (+2.0%) jobs.
Trade, Transportation and Utilities added 1,900 (+0.3%) jobs over the month. Over the year, Trade, Transportation, and Utilities gained 12,800 (+2.3%) jobs.
Financial Activities gained 1,000 (+0.5%) jobs over the month. Over the year, Financial Activities added 2,500 (+1.2%) jobs.
Other Services added 800 (+0.6%) jobs over the month. Over the year, Other Services jobs are up 3,300 (+2.7%) jobs.
Leisure and Hospitality gained 600 (+0.2%) jobs over the month. Over the year, Leisure and Hospitality added 4,300 (+1.3%) jobs.
Manufacturing added 500 (+0.2%) jobs over the month. Over the year, Manufacturing lost 600 (-0.2%) jobs.
Information gained 500 (+0.6%) jobs over the month. Over the year, Information added 4,300 (+5.0%) jobs.
Government lost 2,200 (-0.5%) jobs over the month. Over the year, Government gained 900 (+0.2%) 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 July 2014 will be released on Tuesday, August 19, 2014. The preliminary August 2014 and revised July 2014 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, September 18, 2014. See the 2014 Media Advisory annual schedule for complete list of release dates.