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MA Unemployment at 4.7%, 7,200 Jobs Added in July

Friday, August 21, 2015

 

The Executive Office of Labor and Workforce Development announced that the state's total seasonally adjusted unemployment rate was 4.7% in July following a revision to the June unemployment rate.

The Bureau of Labor Statistics new preliminary job estimates indicate that Massachusetts gained 7,200 jobs last month - making it the tenth consectuvie month of job growth in the state. Massachusetts has added 46,200 jobs so far in 2015.

The July state unemployment rate remains lower than the national rate of 5.3 percent reported by the Bureau of Labor Statistics.

July 2015 estimates show that 3,444,400 residents were employed and 170,000 were unemployed.  There were 32,400 fewer unemployed persons over the year compared to July 2014.

Revised labor force estimates show small changes in the estimates for both employed and unemployed residents which moved the June total unemployment rate up to 4.7 percent from the previously published 4.6 percent rate.  

Preliminary July estimates show the number of employed residents declined by 21,300 while the number of unemployed residents increased by 1,000 for a labor force drop of 20,400.

July 2015 Employment Overview

  •  Education and Health Services gained 3,600 (+0.5%) jobs over the month. Over the year, Education and Health Services gained 18,600 (+2.5%) jobs.  
  •  Professional, Scientific and Business Services added 2,000 (+0.4%) jobs over the month. Over the year, Professional, Scientific and Business Services added 21,000 (+4.0%) jobs.
  •  Manufacturing gained 1,400 (+0.6%) jobs over the month.  Over the year, Manufacturing  added 2,000 (+0.8%) jobs.
  •  Other Services added 1,400 (+1.0%) jobs over the month.  Over the year, Other Services are up 3,300 (+2.5%) jobs.
  •  Information gained 800 (+0.9%) jobs over the month. Over the year, Information added 1,900 (+2.2%) jobs.
  •  Trade, Transportation and Utilities lost 300 (-0.1%) jobs over the month.  Over the year, Trade, Transportation and Utilities gained 3,500 (+0.6%) jobs.
  •  Construction lost 400 (-0.3%) jobs over the month.  Over the year, Construction has added 3,100 (+2.4%) jobs.
  •  Financial Activities lost 700 (-0.3%) jobs over the month. Over the year, Financial Activities added 1,200 (+0.6%) jobs.
  •  Leisure and Hospitality lost 2,200 (-0.6%) jobs over the month. Over the year, Leisure and Hospitality added 3,600 (+1.1%) jobs.
  •  Government added 1,600 (+0.3%) jobs over the month.  Over the year, Government gained 11,200 (+2.5%) jobs.
 

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