MASSACHUSETTS UNEMPLOYMENT RATE DROPS TO 7.3%
Jobs Decrease by 2,300
BOSTON - Thursday October 20, 2011 --- The Executive Office of Labor and Workforce Development reported today that the September total unemployment rate decreased from 7.4 percent in August to 7.3 percent, remaining well below the national rate of 9.1 percent, and thestate's lowest monthly rate since January of 2009. Preliminary September job estimates show a decrease of 2,300 jobs for a total of 3,231,700 jobs in Massachusetts.
In September, Information; Professional, Scientific, and Business Services; Education and Health Services; and Manufacturing posted over-the-month job gains. The September job loss follows a revised 10,500 job loss in August, previously reported as a loss of 8,900 jobs.
Year-to-date (December 2010 to September 2011), 37,900 jobs have been added in the Bay State with 43,800 private sector jobs added. Over-the-year (September 2010 to September 2011), jobs are up 48,700, for a growth rate of 1.5 percent. Private sector jobs are up 53,800, for a growth rate of 2.0 percent with gains in nine of the ten sectors. Over-the-year, the national rate of job growth is 1.1 percent with private sector job growth up 1.7 percent.
Professional, Scientific and Business Services gained 1,500 (+0.3%) jobs over-the-month, the sector's tenth consecutive monthly gain. Within the sector, Management of Companies and Enterprises gained 1,700 (+3.0%) jobs and Professional, Scientific and Technical Services gained 1,200 (+0.5%) jobs while Administrative and Waste Services lost 1,400 (-0.9%) jobs. Over-the-year, the sector has added 15,900 (+3.4%) jobs.
Education and Health Services gained 500 (+0.1%) jobs over-the-month as the gain in Educational Services of 3,500 (+2.2%) jobs offset the 3,000 (-0.6%) job loss in Health Care and Social Assistance. Over-the-year this sector has added 13,200 (+2.0%) jobs.
Manufacturing gained 200 (+0.1%) jobs due to gains in Durable Goods offsetting losses in Non-Durable Goods. From September 2010 to September 2011, Manufacturing jobs are up 5,400 (+2.1%) with most of the gains in Durable Goods.
Trade, Transportation, and Utilities lost 3,500 (-0.6%) jobs over-the-month with losses in all three component industries. Over-the-year, jobs in Trade, Transportation and Utilities are up 6,000 (+1.1%) with Retail Trade adding 2,900 (+0.9%) jobs and Wholesale Trade gaining 1,900 (+1.5%) jobs.
Leisure and Hospitality lost 2,300 (-0.7%) jobs over-the-month due to losses in Accommodation and Food Services. Over-the-year, the sector has added 4,000 (+1.3%) jobs as the Accommodation and Food Services component added 6,300 (+2.4%) jobs.
Other Services lost 2,000 (-1.6%) jobs over-the-month. Over-the-year, jobs are up 2,000 (+1.7%).
Construction lost 1,700 (-1.6%) jobs following a small loss in August. Over-the-year, this sector has added 700 (+0.7%) jobs with gains in Construction of Buildings and Heavy and Civil Engineering Construction.
Financial Activities jobs were down 800 (-0.4%) over-the-month with losses in both components. Over-the-year, jobs are up 2,100 (+1.0%) with a 1,200 (+0.7%) job gain in Finance and Insurance and a 900 (+2.3%) job gain in Real Estate, Rental and Leasing.
Mining and Logging lost 100 jobs (-9.1%) both over-the-month and over-the-year.
Government added 700 (+0.2%) jobs. State Government gained 1,300 jobs (+1.1%) due to seasonal job increases in Educational Services. Federal Government added 100 (+0.2%) jobs while Local Government lost 700 (-0.3%). Over-the-year, Government jobs were down 5,100 (1.2%) jobs with losses in all three components
Labor Force Overview
The unemployment rate is based on a monthly sample of households, while the job estimates are derived from a monthly sample survey of employers. As a result, the two statistics for September exhibit different trends.
NOTES: Beginning with the March 2011 estimates, the Bureau of Labor Statistics (BLS) has assumed responsibility for the production of the CES State and sub-state jobs estimates. BLS has also implemented methodological changes which may increase the month to month variability of the estimates. (See (Procedures Changes for producing (CES) estimates.)
|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|