Home About Archives RSS Feed

State Jobless Holds Steady at 7.6%

Staff Reports

BOSTON — The state's unemployment remains well below the national average at 7.6 percent, according to the latest statistics from the Executive Office of Labor and Workforce Development.

Preliminary June job estimates show 3,235,100 jobs in the state, an increase of 10,400 jobs, with 10,300 jobs added in the private sector. The state's jobless rate has remained steady at 7.6 percent for two consecutive months; the national rate is 9.2 percent. Both the unemployment rate and the number of unemployed residents are the lowest since February 2009.
 
Six of the 10 private sectors added jobs in June with the largest over-the-month gains in Manufacturing followed by: Construction; Professional, Scientific and Business Services; Leisure and Hospitality; Financial Activities; and Educational and Health Services.  June's monthly gain follows a revised May monthly loss of 4,100 jobs statewide and a 1,300 job loss in the private sector. 
 
Since March, the state has added 26,600 jobs (up 0.8 percent) with a gain of 30,300 jobs ( up 1.1 percent) in the private sector.  Also in this timeframe, Construction; Manufacturing; Information; Professional, Scientific and Technical Services and Accommodation and Food Services have all posted solid job gains.
 
Over-the-year (June 2010 to June 2011), jobs are up 50,000, for a growth rate of 1.6 percent. Private-sector jobs are up 60,300, for a growth rate of 2.2 percent, with gains in eight of the ten sectors. Over-the-year, the national rate of job growth is 0.8 percent with private-sector job growth up 1.6 percent.

The June estimates show 3,224,100 Massachusetts residents were employed and 263,800 were unemployed, for a total labor force of 3,487,900. The labor force decreased by 9,400 from 3,497,300 in May, as 7,700 fewer residents were employed and 1,700 fewer residents were unemployed over-the-month.  Since October 2009, there are 55,700 more residents employed and 40,600 fewer residents unemployed as the labor force expanded by 15,100. Totals for June may not add exactly because of rounding.
 
The unemployment rate is based on a monthly sample of households, while the job estimates are derived from a monthly sample survey of employers.  As a result, the two statistics for June exhibit different trends.

Jobless rates for local areas will be released on July 26. Read the full press release here.
 

0 Comments
Tags: unemployment      

Support Local News

We show up at hurricanes, budget meetings, high school games, accidents, fires and community events. We show up at celebrations and tragedies and everything in between. We show up so our readers can learn about pivotal events that affect their communities and their lives.

How important is local news to you? You can support independent, unbiased journalism and help iBerkshires grow for as a little as the cost of a cup of coffee a week.

News Headlines
Professionals Look To Establish Global Cyber Security Chapter In Western Mass
Lenox Travel Basketball Squad Wins Boog Powell Tournament
McCann School Committee Meets For Last Time in 2019
North Adams Gets $600K Grant to Make Brayton Access Safer
North Adams Remembers Its 3,400 Fallen Veterans
Supplemental Bill Has $1M for Rural Schools, $200K for Barton's Crossing
Lanesborough Tigers Show Improvement, but Drop Second Game at World Championships
Williamstown Fire District Presents Organizational Assessment to Public
Rain, Rain and Then ... Snow? Wet Weekend Ahead
State Income Tax to Drop for Sixth Time This Decade

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



Categories:
advertising (10)
agriculture (1)
arts (7)
automotive (5)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (3)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (13)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
Tags:
Sabic Statistics Qualprint Expansion Gas Prices Berkshire Chamber Of Commerce Flood Talkberkshires Crane & Co. Small Business Unemployment Excelsior Berkshire Enterprises State Social Media Unemployment Statistics Great Barrington Jobs Baldwin Store Opening Berkshire Living Auction Breakfast Walmart Williamstown Merger Pittsfield Wmeco Bj's Currency Berkshire Creative Sales Tax Adams North Adams
Popular Entries:
Excelsior Brings Greeting Card Co. To North Adams
Berkshire Jobless Rates Drop
Bay State Continues to Add Jobs
Williamstown Chamber Seeks Input on Future Role
Aladco Installs New 'Green' Washing Machine
New Dog Training Center Open in North Adams
Storey Publishing to Host Next Creative Challenge
Carbone Dealership Empties Lot
White Hart Inn For Sale for $5M
Real Estate Panel to Tour S. County, Pittsfield Sites
Recent Entries:
Biz Briefs: Mr. Tire, Tax Holiday, Business Directory
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move