Massachusetts Unemployment Rate Holds Steady in September
BOSTON — The state’s total unemployment rate remained at 3.6% in September, the Executive Office of Labor and Workforce Development announced.
The Bureau of Labor Statistics’ preliminary job estimates indicate Massachusetts lost 6,200 jobs in September. Over the month, the private sector lost 6,000 jobs, although gains occurred in trade, transportation, and utilities; education and health services; professional, scientific, and business services; construction; and financial activities. The jobs level for other services remained unchanged over the month.
From September 2017 to September 2018, BLS estimates Massachusetts has added 63,400 jobs.
The September unemployment rate was one-tenth of a percentage point lower than the national rate of 3.7% reported by the Bureau of Labor Statistics.
“Last month, preliminary data indicates that there were 17,500 more employed residents and 1,500 fewer unemployed in the Commonwealth. The continued labor-force gains and an estimated addition of 48,800 jobs year-to-date are signs that our economy is attracting more residents to enter and gain employment in Massachusetts,” said Labor and Workforce Development Secretary Rosalin Acosta.
The labor force increased by 16,100 from 3,806,000 in August, as 17,500 more residents were employed and 1,500 fewer residents were unemployed over the month. Over the year, the state’s seasonally adjusted unemployment rate remained unchanged at 3.6%.
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 — is up two-tenths of a percentage point over the month at 67.8%. Compared to September 2017, the labor-force participation rate is up 2.4%.
The largest private-sector percentage job gains over the year were in construction; professional, scientific, and business services; other services; and manufacturing.