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

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

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. 

Massachusetts Unemployment Rate Holds Steady at 6.6%

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

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

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

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.

Massachusetts Unemployment Rate Rises Slightly

Although Massachusetts employers added 1,600 jobs last month, the State’s unemployment rate rose slightly from 6 to 6.1 percent, according to the Executive Office of Labor and Workforce Development.

These numbers mark the first time in nearly 3 years that the unemployment level has increased, but officials said the unemployment rate is down 1.3 percentage points from the previous July.

Massachusetts’ unemployment rate is better than the national average unemployment rate of 8.3 percent.

Massachusetts Unemployment Rate Holds Steady at 6%, 2,600 Jobs Cut in June

The latest report from the Executive Office of Labor and Workforce Development indicates that hiring in Massachusetts slowed dramatically for the month of June and the State lost jobs for the first time since November.

Massachusetts employers cut payrolls by 2,600 jobs last month, though the unemployment rate held steady at 6 percent. The latest report underscores the slow economic growth in Massachusetts.

Read more here.

Massachusetts Unemployment Rate Continues to Fall; Drops to 6.3% in April

The Massachusetts unemployment rate fell to 6.3 percent in April and employers added 2,500 jobs, according to the state Executive Office of Labor and Workforce Development.

The numbers represent the fifth consecutive month of job gains for Massachusetts and the lowest unemployment rate since October 2008.

Massachusetts’ unemployment rate remains lower than the national average, which is currently 8.1 percent

Read more here.