For Immediate Release:
|September 17, 2015|
|Contact: Colleen Quinn - 617-626-7121|
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|Unemployment Rate Remains at 4.7 Percent in August|
The new preliminary job estimates from the Bureau of Labor Statistics indicate Massachusetts gained 7,200 jobs in August, marking the twelfth consecutive month of jobs gains. Year to date, Massachusetts has added 56,500 jobs.
Preliminary August estimates show the number of employed residents declined by 20,600 and the number of unemployed residents decreased by 2,500, reducing the labor force by 23,100.
Over the year, the state's seasonally adjusted unemployment rate fell 0.9 percent from 5.6 percent in August 2014.
The August state unemployment rate remains lower than the national rate of 5.1 percent reported by the Bureau of Labor Statistics.
"Massachusetts continues to add jobs that strengthen our economy, and the unemployment rate is holding steady, lower than the national average," Labor and Workforce Development Secretary Ronald Walker, II said. "We recognize there are still more than 160,000 people looking for work, and are aligning strategies to better help them find employment."
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 - decreased 0.5 of a percentage point to 65.3 over the month. The labor force participation rate over the year has decreased 0.1 of a percentage point compared to August 2014.
August 2015 estimates show that 3,424,000 residents were employed and 167,500 were unemployed. There were 33,200 fewer unemployed persons over the year compared to August 2014.
The largest private sector percentage job gains over the year were in Professional, Scientific and Business Services; Construction; and Information.
Education and Health Services gained 2,300 (+0.3%) jobs over the month. Over the year, Education and Health Services gained 21,200 (+2.9%) jobs.
Professional, Scientific and Business Services added 2,100 (+0.4%) jobs over the month. Over the year, Professional, Scientific and Business Services added 23,800 (+4.6%) jobs.
Construction gained 1,500 (+1.1%) jobs over the month. Over the year, Construction has added 4,800 (+3.7%) jobs.
Financial Activities added 900 (+0.4%) jobs over the month. Over the year, Financial Activities added 2,700 (+1.3%) jobs.
Information gained 800 (+0.9%) jobs over the month. Over the year, Information added 2,800 (+3.3%) jobs.
Trade, Transportation and Utilities added 600 (+0.1%) jobs over the month. Over the year, Trade, Transportation and Utilities gained 15,500 (+2.8%) jobs.
Other Services added 300 (+0.2%) jobs over the month. Over the year, Other Services are up 3,900 (+2.9%) jobs.
Manufacturing lost 2,600 (-1.0%) jobs over the month. Over the year, Manufacturing lost 400 (-0.2%) jobs.
Government lost 1,800 (-0.4%) jobs over the month. Over the year, Government gained 9,300 (+2.1%) 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: The labor force is sum of number of employed residents and those unemployed, that is residents not working but actively seeking work in the last four weeks. Estimates may not add to the total labor force due to rounding.
Local area unemployment statistics for August 2015 will be released on Tuesday, September 22, 2015. The preliminary September 2015 and revised August 2015 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, October 15, 2015. See the 2015 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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