Unemployment Stable as Massachusetts Gains 11,000 Jobs in October
BOSTON — The state’s total unemployment rate remained at 4.6% in October, the Executive Office of Labor and Workforce Development announced Thursday.
The preliminary job estimates from the Bureau of Labor Statistics indicate Massachusetts added 11,000 jobs in October. The largest over-the-month job gains occurred in the education and health services; professional, scientific, and business services; and other services sectors. Year-to-date, Massachusetts has added 62,800 jobs.
The Bureau of Labor Statistics also revised preliminary job estimates for September that originally indicated Massachusetts lost 7,100 jobs. BLS revised estimates for September show the state lost 2,200 jobs.
The October preliminary estimates show 3,396,900 Massachusetts residents were employed during the month, and 164,000 were unemployed, for a total labor force of 3,560,900.
The labor force decreased by 8,700 from 3,569,600 in September, as 9,600 fewer residents were employed and 900 more residents were unemployed over the month.
Over the year, the state’s seasonally adjusted unemployment rate fell 0.9% from 5.5% in October 2014. There were 32,000 fewer unemployed persons over the year compared to October 2014. The October state unemployment rate remains lower than the national rate of 5.0% reported by the Bureau of Labor Statistics.
“Massachusetts continues to add jobs, and the labor market is strong. We frequently hear from employers that they have jobs to fill, which is a good position for the state to be in,” Labor and Workforce Development Secretary Ronald Walker II said.
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 0.2% point to 64.7% over the month. The labor-force-participation rate over the year has decreased 0.8% compared to October 2014.
The largest private-sector percentage job gains over the year were in professional, scientific, and business services; construction; other services; leisure and hospitality; and education and health services.