MA Unemployment Rate Stays at 4.7%, 7,100 Jobs Added in December
Friday, January 22, 2016
Over the the month, job gains occurred in the Education and Health Services; Professional, Scientific, and Business Services; Information: other Services; Construction; Manufacturing; and Financial Activities sectors.
"The Commonwealth's strong gains in 2015 reflect the strength and diversity of our economy. The preliminary over the year job gain estimates indicate the strongest over year job gains since 2000," said Labor and Workforce Development Secretary Ronald Walker, II.
The state's unemployment rate remains lower than the national rate of 5.0 percent, according to the Bureau of Labor Statistics.
Overall, estimates show that 3,390,500 Massachusetts residents were employed during the month and 168,500 were unemployed for a total labor force of 3,559,000.
Related Slideshow: Massachusetts Business Rankings
See how Massachusetts stacked up.
Massachusetts has 2015's 28th highest insurance premium penalties for high risk drivers, according to a WalletHub report.
Mass is behind Colorado and New Mexico who come in at 26 and 27 spots respectively while Mass is ahead of Tennessee and the District of Columbia who rank 29 and 30 respectively.
Massachusetts ranks 14th overall in the category of DUI conviction annual premium increase with an amount of $756.
Massachusetts ranks 20th overall in the category of speeding over 20 mph annual premium increase with a total of $261 while ranking 21 overall in the category of two accidents annual premium increase with a total of $1,364.
Massachusetts has been ranked as the 5th most eco-friendly state in the country, according to a recent study by WalletHub.
Mass ranks tenth in environmental quality and fourth in Eco-Friendly Behaviors landing them in 8th overall.
Mass is behind Minnesota and New York who are in the fourth and third spots respectively, and in front of Washington and New Hampshire who come in at the six and seven spots.
Small Business Friendliness Grade: D+
The Economist grades states on an A+ to F grading scale for its small business climate. Massachusetts ranks near the bottom of the nation, joining New Mexico and New York in receiving D+ grades. 9 states scored worse than a D+ in the Economist rankings.
Overbearing bureaucracy and excessive licensing is stifling small business in America.
Forbes ranks each state in business costs, economic climate, and growth prospects.
The most damning in the commentary:
Massachusetts’ business costs, including labor, energy and taxes, are the highest of the 48 contiguous states—only Hawaii is higher—at 20% above the national average.
ChiefExecutive.net ranks each state in taxations and regulations, workforce quality, and living environment.
The most damning in the commentary:
Taxation and regulation are always the key barometers. Massachusetts and Oregon are the worst.
ALEC ranks each state in economic performance and outlook.
Although Massachusetts ranked low in economic performance, a forward-looking forecast is based on the state’s standing in 15 important state policy variables. Some of these variables include top marginal personal income tax rate and sales tax burden.
#18 Free Enterprise
Free Enterprise ranks each state in performance, exports, innovation + entrepreneurship, business climate, talent pipeline, infrastructure.
Massachusetts's reputation as a hotspot for science and technology endures in this year's rankings. The commonwealth is a center for STEM jobs and university research and development, ranking 4th and 2nd, respectively, in those two categories. It also ranks 6th as a center for high-tech establishments. Massachusetts is taking aggressive steps to bolster economic activity with high-impact university-industry R&D projects and new tools for tech-based startup companies.
The Pew Charitable Trusts
#45 The Pew Charitable Trusts
The Pew Charitable Trusts ranks each state in job growth and job creation.
Massachusetts added 38,368 jobs in 2014.
- Millionaires in MA Are Collecting Unemployment Benefits
- NEW: Unemployment Rate in Massachusetts Drops to 6.0 Percent
- Reaction to Millionaires Receiving Unemployment Benefits
- More Must Be Done on Youth Unemployment
- NEW: Unemployment Drops to 5.6 Percent as Mass. Adds 9,100 Jobs
- NEW: Massachusetts Adds 8,100 jobs in March, Unemployment Down
- NEW: Central MA Unemployment Rate 7.3% in Feb, Above State Avg.
- CMass Residents Charged for Stealing $488,000 in Unemployment Fraud
- NEW: Massachusetts Adds 2,800 Jobs But Unemployment Up To 7%
- NEW: Worcester County Unemployment Down Slightly to 8.2 %
- Rob Horowitz: Restore Unemployment Benefits to Long-Term Unemployed
- Mass Unemployment Rate Drops to 5.5 Percent, Adds 3,700 Jobs in June
- NEW: Central MA Unemployment Rate 6.1% in June, Above State Avg.
- May Unemployment Rate Drops to 4.6 Percent
- MA Unemployment Rate Down 1.4% in Past Year, 10,000 Jobs Added
- MA Unemployment at 4.7%, 7,200 Jobs Added in July
- Seasonally Unadjusted Unemployment Rates in July Go Up in 14 Locations in MA
- August Unemployment Statistics Narrowly Beat Expectations; Hiring Slow
- MA Unemployment Rate Dropped to 4.7% in April
- U.S. Unemployment Rate: See Where MA Ranks
- Mass Unemployment Rises to 5.6-Percent, Adds 13,800 Jobs in July
- Angiulo: Independent Contractors, Employers, and Unemployment Benefits in Massachusetts
- MA’s Seasonally Unadjusted Unemployment Rates Drop 1.9 %
- Unemployment Rate in MA Drops to 4.9 %
- NEW: MA Unemployment Rate Drops to 4.6 Percent in September