Massachusetts unemployment rate dropped to 3.3%

Massachusetts has added 61,300 jobs from December 2015 to October 2016

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BOSTON (WWLP) – The unemployment rate dropped to 3.3 percent in October.

The Executive Office of Labor and Workforce Development reports that this is the fourth consecutive month in which the rate went down.

The last time the state’s unemployment rate was 3.3 percent was in April 2001.

Preliminary estimates from the Bureau of Labor Statistics indicate Massachusetts lost 5,500 jobs over the month of October.

The state gained 8,100 jobs in September, higher than the original report of 5,100 jobs gained. According to the Executive Office of Labor and Workforce Development, Massachusetts has added 61,300 jobs from December 2015 to October 2016.

September: Massachusetts unemployment rate now down to 3.6%

The unemployment rate in October 2015 was 4.8 percent. There are 55,400 fewer unemployed residents and 100,700 more employed residents over the year compared to October 2015, the Executive Office of Labor and Workforce Development reports.

According to a report by the Bureau of Labor Statistics, the Massachusetts unemployment rate has consistently remained lower than the national rate of 4.9 percent.

Over the month of October, job gains occurred in the Professional, Scientific and Business Services, Manufacturing, and Other Services sectors.

Over the year, the largest private sector percentage job gains were in Construction; Professional, Scientific and Business Services; Education and Health Services; and Leisure and Hospitality.

October 2016 Employment Overview: 

  • Professional, Scientific and Business Services: 1,700 jobs gained over the month; 18,100 jobs gained over the year
  • Other Services: 1,400 jobs added over the month; 1,000 jobs down over the year
  • Manufacturing: 100 jobs added over the month; 1,100 jobs gained over the year
  • Education and Health Services: 4,100 jobs lost over the month; 22,800 jobs gained over the year
  • Trade, Transportation and Utilities: 2,400 jobs lost over the month; 3,600 jobs added over the year
  • Leisure and Hospitality: 1,600 jobs lost over the month, 8,500 jobs added over the year
  • Financial Activities: 900 jobs lost over the month; 2,700 gained over the year
  • Information: 300 jobs lost over the month; 300 jobs added over the year.
  • Construction: 100 jobs lost over the month; 10,200 jobs gained over the year
  • Government: 700 jobs added; 5,200 jobs gained over the year

The October estimates show 3,491,500 Massachusetts residents were employed and 117,300 were unemployed for a total labor force of 3,608,800.

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