For Immediate Release:
|August 18, 2016|
|Contact: Colleen Quinn 617-626-7121|
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Unemployment Rate Drops to 4.1 Percent in July
Massachusetts adds 7,300 jobs during the month
BOSTON, MA -AUGUST 18, 2016 --- The state's total unemployment rate dropped to 4.1 percent in July from 4.2 percent in June, and preliminary estimates show the state gained 7,300 jobs over the month, the Executive Office of Labor and Workforce Development reported Thursday.
The state also added more jobs in June than the Bureau of Labor and Statistics originally estimated for the month, gaining 17,600 jobs compared to the previously published 16,400 job gain estimate. Year-to-date, December 2015 to July 2016, Massachusetts has added 56,600 jobs.
In July, the largest over the month job gains occurred in the Professional, Scientific and Business Services; Leisure and Hospitality; and Financial Activities sectors.
At 4.1 percent, the seasonally adjusted unemployment rate is down 0.7 percent over the year from 4.8 percent in July 2015. There were 26,700 fewer unemployed residents and 60,000 more employed residents over the year compared to July 2015.
Massachusetts' unemployment rate remains lower than the national rate of 4.9 percent reported by the Bureau of Labor Statistics.
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 - is 65.0 percent, up 0.1 percent from the previous month. Over the year, the labor force participation rate has increased 0.1 of a percentage point compared to July 2015.
Over the year, the largest private sector percentage job gains were in Construction; Professional, Scientific and Business Services; Education and Health Services; and Leisure and Hospitality.
July 2016 Employment Overview
Leisure and Hospitality gained 3,200 jobs (+0.9%) over the month. Over the year, Leisure and Hospitality added 8,100 (+2.3%) jobs.
Financial Activities added 1,300 (+0.6%) jobs over the month. Over the year, Financial Activities gained 3,200 (+1.4%) jobs.
Trade, Transportation and Utilities gained 700 (+0.1%) jobs over the month. Over the year, Trade, Transportation and Utilities added 3,000 (+0.5%) jobs.
Construction added 600 (+0.4%) jobs over the month. Over the year, Construction has gained 11,600 (+8.4%) jobs.
Other Services lost 1,600 (-1.2%) jobs over the month. Over the year, Other Services are down 500 (-0.4%) jobs.
Education and Health Services lost 1,200 (-0.2%) jobs over the month. Over the year, Education and Health Services gained 19,300 (+2.5%) jobs.
Information lost 300 (-0.3%) jobs over the month. Over the year, Information added 700 (+0.8%) jobs.
Manufacturing lost 200 (-0.1%) jobs over the month. Over the year, Manufacturing lost 100 (0.0%) jobs.
Government added 200 (0.0%) jobs over the month. Over the year, Government gained 2,800 (+0.6%) 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 July 2016 will be released on Tuesday, August 23, 2016. The preliminary August 2016 and revised July 2016 unemployment rate, labor force and job estimates for Massachusetts will be released on Thursday, September 15, 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|
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