Tag Archives: Massachusetts jobs

Massachusetts Unemployment Rate Drops Slightly in March

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The Massachusetts unemployment rate dropped to 6.4 percent in March, according to the state Executive Office of Labor and Workforce Development. However, officials say the drop was largely due to the more than 6,000 people who stopped looking for work. Only those who actively seek jobs are counted as unemployed by labor officials. Additionally, Massachusetts employers cut 5,500 jobs in March. In the previous month, employers cut 800 jobs, according to revised numbers.

Across the country, unemployment rates fell in more than half the U.S. states in March, even though job growth slowed. Twenty-six states reported lower unemployment rates, 7 states reported higher rates and rates stayed the same in 17 states. Rates fell largely because many of those out of work stopped looking for jobs and were no longer counted as unemployed.

Massachusetts Unemployment Rate Drops to 6.5%

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The latest unemployment numbers from Massachusetts Executive Office of Labor and Workforce Development offer an optimistic take on our state’s job economy: the unemployment rate has dropped for the first time in five months and the overall number of jobs in the Commonwealth shows that we’ve finally surpassed pre-recession employment levels.

The Massachusetts unemployment rate dropped to 6.5 percent in February, down from 6.7 percent in January, the rate it has been for the past four months. Massachusetts added 500 jobs in February and the number of jobs created in January was revised up to 18,900. Nationally the unemployment rate is 7.7 percent.

Where the Jobs Are – and How to Find a New Job in Healthcare, Finance, Customer Service and Tech

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PSG President Aaron Green spoke to the Boston Globe for its annual “Where the Jobs Are” special magazine feature. Aaron was one of several local jobs experts offering advice on where to look and how to land a new job. Read the article here. 

 

Newest Job Numbers Offer Reason to Celebrate; Mass. Adds 16,000 Jobs in January

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In a press release issued today, the Massachusetts’ Executive Office of Labor and Workforce Development offers a very positive outlook for the local employment market. The office announced that, according to revised benchmark numbers from the U.S. Bureau of Labor Statistics, Massachusetts employers added a total of almost 93,000 new jobs over the past two years, 32,100 more jobs than previously estimated. Revisions to the statewide unemployment rate did not change much in 2012 and show that the unemployment rate for every month in 2012 was between 6.6% and 6.8%.

In January 2013, the Massachusetts unemployment rate was 6.7% and more than 16,000 new jobs were added to the economy.

Every year the Bureau of Labor Statistics (BLS) releases year-end revisions to its previous estimates for job growth and unemployment. While initial estimates of job growth are based on surveys of representative samples, the benchmark revisions are based on actual data collected from employers in the Commonwealth through September 2012. Revised jobs numbers for the last quarter of 2012 are still based on projections.

Massachusetts Unemployment Rate Rises Slightly to 6.7% in December

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According to the Massachusetts Executive Office of Labor and Workforce Development, the Massachusetts unemployment rate rose slightly to 6.7 percent for the month of December. The jobless rate has slowly risen since May of 2012 when it was at 6 percent. The state’s current unemployment rate is down compared with the rate one year ago when it was 6.9 percent in December 2011. It also remains lower than the highest rate of the Recession, which was 8.7 percent, in October 2009. The national unemployment rate was 7.8 percent in December. 

Economists Predict Hiring to Pick Up in 2013

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While hiring for full-time jobs is relatively slow right now, which many say is due to uncertainty in Washington, economists predict the pace of hiring among Boston employers will pick up steam later in 2013. In particular, certain industries will see more demand than others, including construction, professional technology services, IT, and hospitality industries.

In contrast, the temporary staffing market is experiencing record growth. An annual survey and forecast from Staffing Industry Analysts predicts that the use of temporary staffing will hit record numbers in 2013. This year, temporary hires across all industries are expected to reach 106 percent of their historical high and some sectors, such as locum tenens physicians and nurses and IT and engineering/design professionals, will far exceed the average.

Massachusetts Unemployment Rate Holds Steady at 6.6%

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According to Massachusetts’ Executive Office of Labor and Workforce Development, the state’s unemployment rate held steady at 6.6 percent in November. It had increased during each of the previous four months. While the local economy lost 1,100 jobs last month, there are 46,600 more jobs in Massachusetts now than there were one year ago.

Earlier this month, the US Department of Labor reported that the nation’s unemployment rate for November was 7.7 percent, down from 7.9 percent in October. 

Massachusetts Unemployment Rate Rises Slightly for Fourth Month in a Row

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The unemployment rate in Massachusetts rose to 6.6 percent, up slightly from 6.5 percent in the previous month, according to the Massachusetts Executive Office of Labor and Workforce Development. Although 7,900 jobs were added across the state in October, this is the fourth consecutive month that the overall unemployment rate has risen. Massachusetts’ unemployment rate remains below the national average of 7.9 percent.

 

Massachusetts Unemployment Rate Climbs

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For the third month in a row, the Massachusetts unemployment rate rose slightly – from 6.3 percent to 6.5 percent in September, according to the Massachusetts Executive Office of Labor and Workforce Development. Massachusetts also added over 5,000 jobs last month, primarily in the leisure and hospitality sector, as well as the professional, scientific and business service sector and also the construction sector.

Massachusetts’ unemployment rate remains lower than the national average, which was 7.8 percent in September.

Massachusetts Job Growth Slows, Unemployment Up Slightly

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The Massachusetts Executive Office of Labor and Workforce Development released its jobs report for August and said the state unemployment rate rose to 6.3 percent, up from 6.1 percent in July. The Massachusetts economy lost 4,800 jobs last month and the office revised its jobs number for July saying that the state only added 300 jobs that month, not the 1,600 jobs originally reported.

Overall, Massachusetts has added more than 30,000 jobs in 2012 and its unemployment rate remains lower than the national average of 8.1 percent.