Unemployment in Massachusetts Holds Steady in July
BOSTON — The state’s total unemployment rate increased to 3.6% in July from the June rate of 3.5%, the Executive Office of Labor and Workforce Development announced.
The Bureau of Labor Statistics’ preliminary job estimates indicate Massachusetts added 4,800 jobs in July. Over the month, the private sector added 5,900 jobs as gains occurred in education and health services; professional, scientific, and business services; construction; manufacturing; and trade, transportation, and utilities.
From July 2017 to July 2018, BLS estimates Massachusetts has added 66,800 jobs. The July unemployment rate was three-tenths of a percentage point lower than the national rate of 3.9% reported by the Bureau of Labor Statistics.
“Job estimates show the Commonwealth has gained over 51,000 jobs since December and 213,600 jobs since January 2015. These job gains, alongside low unemployment rates and labor-force growth, are signs of the continued health of the Massachusetts labor market,” Labor and Workforce Development Secretary Rosalin Acosta said.
The labor force increased by 27,100 from 3,758,900 in June, as 24,700 more residents were employed and 2,400 more residents were unemployed over the month.
Over the year, the state’s seasonally adjusted unemployment rate decreased one-tenth of a percentage point from 3.7% in July 2017.
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 four-tenths of a percentage point over the month at 67.3%. Compared to July 2017, the labor force participation rate is up 1.8%.
The largest private-sector percentage job gains over the year were in construction; professional, scientific, and business services; leisure and hospitality; and other services.