For Immediate Release:
|July 21, 2016|
|Contact: Colleen Quinn 617-626-7121|
Follow us on Twitter @MassLWD
Unemployment Rate Remained at 4.2 Percent in June
The state has added 48,100 jobs Year-To-Date
BOSTON, MA - JULY 21,2016 --- The state's seasonally adjusted unemployment rate remained at 4.2 percent in June for the third consecutive month, the Executive Office of Labor and Workforce Development reported Thursday.
The preliminary job estimates from the Bureau of Labor Statistics indicate Massachusetts added 16,400 jobs in June. Some of the job gains reflect the resolution of a temporary labor dispute in the Information sector.
Over-the-month job gains occurred in the Education and Health Services; Information; Professional, Scientific and Business Services; Financial Activities; Construction; and Manufacturing sectors.
Year-to-date, from December 2015 to June 2016, Massachusetts added 48,100 jobs, and over the year, from June 2015 to June 2016, the state added 67,300 jobs.
The Bureau of Labor Statistics also revised over-the-month job losses initially released for May, reporting job losses totaled 5,200 as opposed to the 6,400 originally estimated.
At 4.2 percent, the unemployment rate is down 0.7 percent over the year, with the state's seasonally adjusted unemployment rate dropping from 4.9 percent in June 2015. There were 25,000 fewer unemployed persons and 49,600 more employed persons over the year compared to June 2015.
The Commonwealth's unemployment rate remains lower than the national rate of 4.9 percent reported by the Bureau of Labor Statistics.
"The good news here is all private sectors show over-the-year job gains with the exception of manufacturing which had a minimal loss of 200 jobs over the year. Private sector job gains are up 2.2 percent over the year," Labor and Workforce Development Secretary Ronald L. Walker, II said. "Over the month, Education and Health Services shows the largest estimated job gain at 11,700."
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 slightly to 64.9 percent. The labor force participation rate over the year has decreased 0.1 of a percentage point compared to June 2015.
Over the year, the private sectors with the largest percentage job gains were Construction; Education and Health Services; Professional, Scientific and Business Services; Information; and Financial Activities.
June 2016 Employment Overview
Information gained 4,300 (+5.1%) jobs over the month. The gain was impacted by the resolution of a temporary labor dispute in Telecommunications. Over the year, Information added 1,900 (+2.2%) jobs.
Professional, Scientific and Business Services gained 2,200 (+0.4%) jobs over the month. Over the year, Professional, Scientific and Business Services added 13,600 (+2.5%) jobs.
Financial Activities added 1,200 (+0.5%) jobs over the month. Over the year, Financial Activities gained 4,300 (+2.0%) jobs.
Construction added 1,000 (+0.7%) jobs over the month. Over the year, Construction has gained 11,200 (+8.1%) jobs.
Manufacturing added 500 (+0.2%) jobs over the month. Over the year, Manufacturing lost 200 (-0.1%) jobs.
Leisure and Hospitality lost 2,300 jobs (-0.6%) over the month. Over the year, Leisure and Hospitality added 5,500 (+1.6%) jobs.
Trade, Transportation and Utilities lost 800 (-0.1%) jobs over the month. Over the year, Trade, Transportation and Utilities added 3,700 (+0.7%) jobs.
Other Services lost 700 (-0.5%) jobs over the month. Over the year, Other Services are up 1,900 (+1.4%) jobs.
Government jobs lost 700 (-0.2%) jobs over the month. Over the year, Government gained 1,800 (+0.4%) jobs.
Labor Force Overview
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 the sum of the numbers of employed residents and those unemployed, that is residents not working but actively seeking work in the last four weeks. Estimates may not add up to the total labor force due to rounding.
Local area unemployment statistics for June 2016 will be released on Tuesday, July 26, 2016. The preliminary July 2016 and revised June 2016 unemployment rate, labor force and job estimates for Massachusetts will be released on Thursday, August 18, 2016. See the 2016 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|
Report Unemployment Fraud by Calling the Department of Unemployment Assistance’s Fraud Hotline @ 1-800-354-9927
or visit: www.mass.gov/lwd/ui-fraud