Massachusetts Unemployment Rate Rises Slightly
BOSTON — The state’s May total unemployment rate is up one-tenth of a percentage point at 3.0%, the Executive Office of Labor and Workforce Development announced Friday.
The Bureau of Labor Statistics’ preliminary job estimates indicate Massachusetts lost 3,600 jobs in May. Over the month, the private sector lost 4,000 jobs, although gains occurred in professional, scientific, and business services; information; and manufacturing sectors. The jobs level in ‘other services’ remained unchanged over the month. Government added jobs over the month.
From May 2018 to May 2019, BLS estimates Massachusetts added 26,700 jobs.
The May unemployment rate was six-tenths of a percentage point lower than the national rate of 3.6 percent reported by the Bureau of Labor Statistics.
“Massachusetts continues to experience a strong economy with a low unemployment rate of 3.0% percent and over 60,000 more employed residents and 17,500 fewer unemployed residents in the last year. Also, the Commonwealth’s labor force participation rate remains at a near 15 year high and is 5 points above the US rate.” Labor and Workforce Development Secretary Rosalin Acosta said.
The labor force increased by 600 from 3,840,400 in April, as 1,100 fewer residents were employed and 1,700 more residents were unemployed over the month.