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MA Adds 4,400 Jobs in October

Saturday, November 17, 2018

 

MA adds 4,400 jobs in October

Massachusetts added 4,400 jobs in the month of October, while the unemployment rate dropped one-tenth of a percentage point to 3.5%, the Executive Office of Labor and Workforce Development announced Friday.

"The Massachusetts unemployment rate continues to remain low at 3.5 percent and has now held below 4 percent for 30 consecutive months. With the Commonwealth's consistently low rate of unemployment, the economy continues to add jobs at a healthy clip and our labor force continues to grow to meet employment needs, with an additional 169,600 employed residents and 5,200 fewer unemployed over the last year,” said Labor and Workforce Development Secretary Rosalin Acosta.

MA Adds Jobs

The Bureau of Labor Statistics’ preliminary job estimates indicate Massachusetts added 4,400 jobs in October. 

From October 2017 to October 2018, BLS estimates Massachusetts has added 64,400 jobs.

The largest private sector percentage job gains over the year were in Construction; Professional, Scientific, and Business Services; Information; and Education and Health Services.

Unemployment Drops

The October unemployment rate was two-tenths of a percentage point lower than the national rate of 3.7 percent reported by the Bureau of Labor Statistics.

The labor force increased by 10,800 from 3,822,100 in September, as 12,600 more residents were employed and 1,700 fewer residents were unemployed over the month.

The state’s labor force participation rate is up two-tenths of a percentage point over the month at 68.0 percent. Compared to October 2017, the labor force participation rate is up 2.6 percentage points.

Since last year, the state’s seasonally adjusted unemployment rate remained unchanged at 3.5 percent.

 

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