Massachusetts Adds 6,700 Jobs in November
BOSTON — The state’s total unemployment rate dropped to 3.6% in November, the Executive Office of Labor and Workforce Development announced Thursday.
The Bureau of Labor Statistics’ preliminary job estimates indicate Massachusetts added 6,700 jobs in November. Over the month, the private sector added 7,300 jobs as gains occurred in leisure and hospitality; education and health services; construction; professional, scientific, and business services; and manufacturing. The October estimate was revised to a gain of 3,200 jobs.
From November 2016 to November 2017, BLS estimates Massachusetts has added 65,200 jobs. The November unemployment rate was five-tenths of a percentage point lower than the national rate of 4.1% reported by the Bureau of Labor Statistics.
“Year-to-date the jobs and labor force estimates indicate a strong and stable economy in the Commonwealth. Since December 2016, Massachusetts is estimated to have added 62,200 jobs, 64,300 more residents are participating in the labor force, and the unemployment rate remains low, averaging 3.8%. November also marks the 13th consecutive month of private-sector job growth, with manufacturing adding 1,600 jobs,” Labor and Workforce Development Secretary Rosalin Acosta said.
The labor force decreased by 8,200 from 3,656,000 in October, as 4,000 fewer residents were employed and 4,200 fewer residents were unemployed over the month.
Over the year, the state’s seasonally adjusted unemployment rate increased five-tenths of a percentage point from 3.1% in November 2016. There were 18,300 more unemployed residents over the year compared to November 2016.
The state’s labor-force participation rate — the total number of residents 16 or older who worked or were unemployed and actively sought work in the last four weeks — decreased one-tenth of a percentage point to 65.4% over the month. The labor-force participation rate over the year has increased by 0.7% compared to November 2016.
The largest private-sector percentage job gains over the year were in construction; professional, scientific and business services; leisure and hospitality; and other services.