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NEW: Mass Jobs Decrease by 2,600 in June

Thursday, July 19, 2012

 

Last month, the state saw the number of jobs fall 2,600 while unemployment stayed steady at 6.0%, below the national average of 8.2%.

The Bureau of Labor Statistics’ estimates for the month of June show that the state lost jobs over the month following a gain of 5,000 jobs in May.

The state’s number of jobs currently sits at 3,244,500, reflecting gains in June in six of the ten private sectors with the largest gain in Professional, Scientific, and Business Services.

Year to date, Massachusetts added 32,700 jobs; the private sector added 34,900 jobs. Over the year, the Bay State added 35,300 jobs; the private sector added 39,400 jobs.

Winners and Losers

Various sectors performed differently across the state. Winners included high tech jobs as well as administrative and management.

Professional, Scientific, and Business Services added 1,900 (+0.4%) jobs over the month, the sector’s twelfth consecutive monthly gain. Over the year, the sector added 27,800 (+5.9%) jobs due mostly to growth in Professional, Scientific, and Technical Services, which added 15,100 (+5.9%) jobs. Administrative, Support, and Waste Management and Management of Companies also gained jobs over the year.

Trade, Transportation, and Utilities also fared well, adding 700 (+0.1%) jobs over the month due to gains in Wholesale Trade. Year to date, the sector added 9,700 (+1.8%) jobs. Over the year, the sector added 14,100 (+2.6%) jobs with most of the growth in Retail Trade which gained 9,100 (+2.7%) jobs.

Information gained 700 (+0.8%) jobs over the month. Over the year, the sector added 1,100 (+1.3%) jobs.

Financial Activities added 400 (+0.2%) jobs with gains in both components. Over the year, the sector has lost 1,800 (-0.9%) jobs.

Manufacturing added 300 (+0.1%) jobs over the month as the gain in Non-Durable Goods out weighed the loss in Durable Goods. Over the year Manufacturing has added 1,200 (+0.5%) jobs.

Mining and Logging employment gained 100 (+10.0%) jobs over the month and employment was unchanged over the year.
 

Jobs that Fell

Hospitality, education, and skilled labor fell during the month of June, as construction lost 2,100 (-2.0%) jobs over the month. Over the year, the sector lost 7,200 (-6.6%) jobs.

Leisure and Hospitality lost 2,100 (-0.7%) jobs over the month as the loss in Accommodation and Food Services outweighed the gain in Arts, Entertainment, and Recreation. Over the year, Leisure and Hospitality lost 1,100 (-0.4%) jobs.

Education and Health Services lost 1,000 (-0.1%) jobs over the month. Health Care and Social Assistance gained 500 (+0.1%) jobs and Educational Services lost 1,500 (-0.9%) jobs. Over the year, Education and Health Services added 3,100 (+0.5%) jobs.

Other Services lost 800 (-0.7%) jobs over the month. Over the year, the sector gained 2,200 (+1.8%) jobs.

Government Cuts

Government lost 700 (-0.2%) jobs over the month. Federal government posted a 300 (+0.6%) gain over the month while Local Government added 100 (0.0%) jobs. State Government lost 1,100 (-0.9%) jobs. Over the year, Government lost 4,100 (-0.9%) jobs. 

 

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