Commonwealth of Massachusetts Executive Office of Labor and
|For Immediate Release:||April 16, 2015|
|Contact: Ann Dufresne - 617-626-7121|
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March Unemployment Rate Drops to 4.8 Percent
Private Sector Adds 10,700 Jobs
BOSTON, MA -April 16, 2015 --- Today the Executive Office of Labor and Workforce Development (EOLWD) released preliminary March 2015 estimates that show the Massachusetts total unemployment rate dropped to 4.8 percent, a 0.1 of a percentage point decrease from the February rate. Over the year, the unemployment rate fell by 1.1 percent from 5.9 percent in March 2014.
The share of working age residents employed or unemployed, also known as the labor participation rate, was 66.2, an increase of 0.3 of a percentage point since February. The March rate is the highest participation rate since June 2010. Compared with March 2014, the labor participation rate increased a full percentage point over the year.
March 2015 estimates show that 3,448,800 residents were employed and 175,200 were unemployed. Compared with March 2014, there were 34,000 fewer unemployed persons over the year.
Over the month, jobs were up 10,500 with a private sector gain of 10,700. Since March 2014, jobs grew by 60,200 with 49,400 private sector job gains. Education and Health Services and Professional, Scientific, and Business Services had the largest job gains over the year. All sector details are listed below.
BLS also revised its February job estimate to a 400 over the month job gain from the 800 gain previously reported for the month.
Leisure and Hospitality added 4,900 (+1.4%) jobs over the month. Over the year, Leisure and Hospitality added 5,200 (+1.5%) jobs.
Manufacturing gained 1,400 (+0.6%) jobs over the month. Over the year, Manufacturing had no change in its jobs level (0.0%).
Professional, Scientific and Business Services added 1,000 (+0.2%) jobs over the month. Over the year, Professional, Scientific and Business Services added 15,700 (+3.1%) jobs.
Trade, Transportation and Utilities gained 400 (+0.1%) jobs over the month. Over the year, Trade, Transportation and Utilities gained 2,200 (+0.4%) jobs.
Other Services added 100 (+0.1%) jobs over the month. Over the year, Other Services jobs are up 2,400 (+1.8%) jobs.
Information had no change (0.0%) in its jobs level over the month. Over the year, Information added 800 (+0.9%) jobs.
Construction lost 2,100 (-1.6%) jobs over the month. Over the year, Construction has added 1,000 (+0.8%) jobs.
Financial Activities lost 500 (-0.2%) jobs over the month. Over the year, Financial Activities added 2,700 (+1.3%) jobs.
Government lost 200 (0.0%) jobs over the month. Over the year, Government gained 10,800 (+2.4%) 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 March 2015 will be released on Tuesday, April 21, 2015. The preliminary April 2015 and revised March 2015 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, May 21, 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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or visit: www.mass.gov/lwd/ui-fraud