For Immediate Release:
|July 16, 2015|
|Contact: Colleen Quinn - 617-626-7121|
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Unemployment Rate Remains at 4.6 Percent in June
Massachusetts marks 10 consecutive months of job gains
The new preliminary job estimates from the Bureau of Labor Statistics indicate Massachusetts gained 10,500 jobs in June, marking the tenth consecutive month of jobs gains. During the past four months, Massachusetts has added 38,900 jobs.
Over the year, the state's seasonally adjusted unemployment rate fell 1.1 percent from 5.7 percent in June 2014. The unemployment rate in Massachusetts peaked in September 2009 at 8.8 percent.
The June state unemployment rate is 0.7 of a percentage point lower than the national rate of 5.3 percent reported by the Bureau of Labor Statistics.
The Bureau of Labor Statistics also revised downward its May job figure, reporting the state gained 5,200 jobs, instead of 7,400 which the agency reported last month.
"We are seeing very strong job growth. Not only are jobs continuing to grow in many sectors, we are seeing many more people entering the labor force, encouraged by the strong job growth," Labor and Workforce Development Secretary Ronald Walker, II, said.
Over the month, jobs were up 10,500 with a private sector gain of 10,700. The federal and state government lost a few hundred jobs.
The sector with the largest job gains over the month was Professional, Scientific and Business Services, which added 5,200 jobs, or a 1 percent increase. Over the year, the sector has added the most jobs of any sector, with 21,900, a 4.2 percent increase.
Other sectors and industries with jobs gains over the month include: Leisure and Hospitality which added 4,800 jobs; Transportation, Warehousing & Utilities added 2,000 jobs and Wholesale Trade added 400 jobs over the month, while Retail Trade lost 1,200 jobs. Manufacturing gained 900 jobs and Construction gained 700 jobs. The Construction sector has added 4,800 jobs over the year.
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 0.2 of a percentage point to 66.2. The labor force participation rate over the year has increased 0.9 percent compared to June 2014.
June 2015 estimates show that 3,465,600 residents were employed and 169,000 were unemployed. There were 35,000 fewer unemployed persons over the year compared to June 2014.
Professional, Scientific, and Business Services, along with Education, and Health Services had the largest job gains over the year. All sector details are listed below.
Leisure and Hospitality gained 4,800 (+1.4%) jobs over the month. Over the year, Leisure and Hospitality added 10,900 (+3.2%) jobs.
Trade, Transportation and Utilities added 1,200 (+0.2%) jobs over the month. Over the year, Trade, Transportation and Utilities gained 3,300 (+0.6%) jobs.
Manufacturing gained 900 (+0.4%) jobs over the month. Over the year, Manufacturing added 1,000 (+0.4%) jobs.
Construction added 700 (+0.5%) jobs over the month. Over the year, Construction has added 4,800 (+3.8%) jobs.
Financial Activities added 100 (0.0%) jobs over the month. Over the year, Financial Activities added 2,400 (+1.2%) jobs.
Education and Health Services lost 1,000 (-0.1%) jobs over the month. Over the year, Education and Health Services gained 15,900 (+2.2%) jobs.
Other Services lost 1,000 (-0.7%) jobs over the month. Over the year, Other Services are up 1,900 (+1.4%) jobs.
Information lost 200 (-0.2%) jobs over the month. Over the year, Information added 1,100 (+1.3%) jobs.
Government lost 200 (0.0%) jobs over the month. Over the year, Government gained 9,600 (+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 June 2015 will be released on Tuesday, July 21, 2015. The preliminary July 2015 and revised June 2015 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, August 20, 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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