BOSTON -- The Executive Office of Labor and Workforce Development (EOLWD) today reported that preliminary estimates from the Bureau of Labor Statistics (BLS) show Massachusetts added 3,700 jobs in June for a total of 3,409,500 jobs and the total unemployment rate edged down 0.1 of a percentage point to 5.5 percent from the May rate. The rate is the lowest since August 2008.
Since June 2013, Massachusetts has added a net of 48,900 jobs; with 49,400 jobs added in the private sector and 500 jobs lost in the public sector. The total unemployment rate was down 1.6 percent from the June 2013 rate of 7.1 percent.
BLS also revised its May job estimates upward to 10,300 from the 9,100 job gain previously reported for the month.
June 2014 Employment Overview
Education and Health Services gained 6,000 (+0.8%) jobs over the month. Over the year, Education and Health Services gained 20,700 (+2.8%) jobs.
Trade, Transportation and Utilities added 900 (+0.2%) jobs over the month. Over the year, Trade, Transportation, and Utilities gained 10,000 (+1.8%) jobs.
Financial Activities had no change in its jobs level over the month. Over the year, Financial Activities added 1,100 (+0.5%) jobs.
Manufacturing lost 1,100 (-0.4%) jobs over the month. Over the year, Manufacturing lost 1,600 (-0.6%) jobs.
Construction lost 900 (-0.7%) jobs over the month. Over the year, Construction has added 800 (+0.7%) jobs.
Leisure and Hospitality lost 900 (-0.3%) jobs over the month. Over the year, Leisure and Hospitality added 1,900 (+0.6%) jobs.
Other Services lost 900 (-0.7%) jobs over the month. Over the year, Other Services jobs are up 2,300 (+1.9%) jobs.
Information lost 100 (-0.1%) jobs over the month. Over the year, Information gained 4,300 (+5.0%) jobs.
Professional, Scientific and Business Services lost 100 (0.0%) jobs over the month. Over the year, Professional, Scientific and Business Services added 9,800 (+1.9%) jobs.
Government added 900 (+0.2%) jobs over the month. Over the year, Government lost 500 (-0.1%) jobs.
Labor Force Overview
The June 2014 estimates show 3,310,500 Massachusetts residents were employed and 191,000 were unemployed, for a total labor force of 3,501,500. The June labor force decreased by 500 from 3,502,000 in May, as 6,000 more residents were employed and 6,500 fewer residents were unemployed over the month. The labor force was an estimated 14,200 above the 3,487,300 June 2013 estimate, with 71,900 more residents employed and 57,700 fewer residents unemployed.
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.
Revised BLS CES jobs estimates now include jobs in Health Care that cover services to the elderly and disabled persons that were not previously in this series. The changes begin in January 1999.
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 Changes to procedures for producing Current Employment Statistics (CES) State estimates.
Local area unemployment statistics for June 2014 will be released on Tuesday, July 22, 2014. The preliminary July 2014 and revised June 2014 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Thursday, August 14, 2014. See the 2014 Media Advisory annual schedule for a complete list of release dates.
Detailed labor market information is available at www.mass.gov/lmi