NEW: Mass Adds Jobs, but Unemployment Rises
Thursday, August 16, 2012
These numbers are according to preliminary Bureau of Labor Statistics estimates released by the Executive Office of Bureau and Labor Development. This is following a June where 600 jobs were added.
Four of the ten private sectors gained jobs in July. The largest gains in jobs was seen in the education and health services sector of the economy; while professional, scientific and business services, construction, and manufacturing also added jobs.
In the public sector, the state and federal government also gained jobs, however local governments saw a loss. Other areas of the economy that saw a decrease in employment were leisure and hospitality, trade, transportation and utilities, mining and logging, financial activities, and other services.
Year to date, Massachusetts has added 37,500 jobs; the private sector added 38,900 jobs. Over the year, the state added 42,800 jobs; the private sector added 45,700 jobs. Last year at this time, the unemployment rate was 7.4 percent. At the height of the economic crisis, in October of 2009, the unemployment rate was 8.7 percent in the state.
The Bay State currently has a labor force 3,451,300 with 211,000 unemployed. Massachusetts’ unemployment rate, however, is below the national rate which stands at 8.3 percent.
For more detailed labor market information, click here.
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