Massachusetts Unemployment Rate Rises Slightly

The Massachusetts unemployment rate rose slightly – to 4.7 percent in November from 4.6 percent the previous two months, according to the State Executive Office of Labor and Workforce Development.

 

According to the Bureau of Labor Statistics, the overall number of jobs in Massachusetts grew by 5,900 in November and has grown by 67,700 so far this year, exceeding the total number of new jobs added to the economy in all of 2014.

 

Nationally, the unemployment rate is 5 percent.

Massachusetts Unemployment Drops to 4.6 Percent in September

Massachusetts reported a mixed picture on jobs for September: the state unemployment rate dropped to 4.6 percent, despite losing 7,100 jobs.

 

According to the Massachusetts Executive Office of Labor and Workforce Development, Massachusetts’ unemployment rate dropped 0.1 percent between August and September. The current rate of 4.6 percent is down from 6 percent in September of 2014. Nationally, the unemployment rate is 5.1 percent.

 

Job losses were felt in the education and health services sector (estimated 4,700 jobs lost) and trade, transportation, and utilities (estimated 3,000 jobs lost). Construction lost a seasonally-adjusted 2,000 jobs and manufacturing businesses cut 1,700 jobs.

Massachusetts economy doing ‘quite well’ after winter slowdown

A recent article in the Boston Business Journal details great news for the local economy. Indicators such as Massachusetts’ real gross domestic product, unemployment rate, and the growth of wages and salaries are all strong and are also doing better than their corresponding national rates.

Read the full article here.

 

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Massachusetts Unemployment Rate Holds Steady in June

Massachusetts’ unemployment rate remained at 4.6 percent in June, its lowest point since before the recession began in 2007, according to the Massachusetts Office of Labor and Workforce Development. The state added 10,500 jobs last month, making June the tenth straight month of job gains for Massachusetts.

 

The biggest job growth reported was the professional, scientific, and business services sector, which added 5,200 jobs. About 30 percent of all jobs added in Massachusetts over the past year were in this sector, including jobs in the biotech industry.

 

Nationally, the unemployment rate is 5.5 percent.

Massachusetts Unemployment Drops to 8-Year Low

Massachusetts’ unemployment rate fell slightly to 4.6 percent in May, the lowest it’s been since December 2007, according to the state’s Executive Office of Labor and Workforce Development. Massachusetts employers added 7,400 jobs in May, the ninth consecutive month of job gains.

 

Construction experienced the largest uptick in hiring of about 3,500 jobs. Retail gained 1,500 jobs, manufacturing added 600 jobs and financial activities added 700 jobs, while transportation and warehousing lost 500 jobs.

 

Over the past year, the state unemployment rate has fallen 1.2 percentage points and is nearly half of the peak unemployment rate of 8.8 percent in September 2009. Education and health services, as well as professional, scientific, and business services have grown fastest in the past year.

 

Nationally, the unemployment rate is 5.5 percent.

Massachusetts Unemployment Rate Lowest Since 2008

The Massachusetts economy added jobs for the eighth consecutive month and Massachusetts’ unemployment rate has dropped to 4.7 percent, according to the state’s Executive Office of Labor and Workforce Development’s monthly report for April.

 

Massachusetts employers added more than 10,000 jobs in April, after adding 12,000 jobs in March. The biggest job gains in April were in the education and health industries, which added 4,500 jobs last month, and in professional, scientific and health industries, which grew by 3,700 jobs. Leisure and hospitality businesses added 1,900 jobs. Construction, information, and government also grew.

 

The last time the state’s unemployment rate was at 4.7 percent was in January 2008.

 

Nationally, the unemployment rate is 5.4 percent.

Massachusetts Unemployment Rate Drops to 4.8 Percent

The Massachusetts unemployment rate continues to fall. According to the state Executive Office of Labor and Workforce Development, Massachusetts’ unemployment rate dropped to 4.8 percent in March. The state also saw an increase of 10,500 jobs last month, about double the monthly average job growth over the past year.

 

The state’s biggest job growth was in the health and education sector and the hospitality and leisure industries.

 

Nationally, the unemployment rate is 5.5 percent.

Massachusetts Unemployment Rate Falls to 4.9%

Massachusetts’ unemployment rate has fallen to its lowest rate in seven years. According to the state’s office of Labor and Workforce Development, the unemployment rate fell from 5.1 percent in January to 4.9 percent in February.

 

Massachusetts added 800 jobs in February, a month that also had record amounts of snowfall in the state.

 

The number of jobs added comes from a survey of businesses, while the unemployment rate estimate comes from a survey of households. Nationally, the unemployment rate is 5.5 percent.

Massachusetts Unemployment Rate Falls to 5.1%; Lowest Since 2008

Massachusetts’ jobless rate fell to 5.1 percent in January, its lowest rate in nearly seven years, according to the state Executive Office of Labor and Workforce Development.

 

The private sector had a net gain of 800 jobs in January,  and 2,600 jobs were added to the local economy overall, making it the fifth consecutive month that the economy gained jobs.

 

Nationally the unemployment rate is 5.5 percent.

Massachusetts Unemployment Rate Drops; State Adds Jobs

Massachusetts’ December unemployment report contained some positive signs: the state’s unemployment rated dropped to 5.5 percent, from 5.8 percent in November, and nearly 11,000 jobs were added to the state’s economy.

 

The Office of Labor and Workforce Development also reported that the state netted more than 60,000 new jobs over the past 12 months, making 2014 the strongest year for job growth since 2000.