The state’s unemployment rate remained at 4.6 percent in October, despite preliminary reports from the Bureau of Labor Statistics indicating that Massachusetts added 11,000 jobs that month.

The largest job gains over the past month occurred in the education and health services; professional, scientific and business services; and other services sectors. Year to date, Massachusetts has added 62,800 jobs, according to the bureau of labor statistics.

Preliminary job estimate indicate Massachusetts lost 7,100 jobs but was later revised to 2,200 jobs. Preliminary estimates from the past month 3,396,900 Massachusetts residents were employed and 164,000 were unemployed, for a total labor force of 3,560,900. The labor force decreased by 8,700 from 3,569,600 in September, as 9,600 fewer residents were employed and 900 more residents were unemployed over the month.

Over the year, the state’s seasonally adjusted unemployment rate fell from 0.9 percent from 5.5 percent in October 2014. There were 32,000 fewer unemployed persons over the year in comparison to in October 2014.

The October state unemployment rate remains lower than the national rate of 5 percent reported by the Bureau of Labor Statistics.

The state’s labor force participation rate, which is the total number of residents 16 or older who worked or were unemployed and actively sought work in the last four weeks , decreased 0.2 percent to 64.7 percent over the month. Year over year, the labor force participation rate decreased 0.8 percent compared to October 2014.

“Massachusetts continues to add jobs, and the labor market is strong. We frequently hear from employers that they have jobs to fill, which is a good position for the state to be in,” Labor and Workforce Development Secretary Ronald Walker II said in a statement.

State’s Oct. Unemployment Rate Unchanged Despite Addition Of 11K Jobs

by Banker & Tradesman time to read: 1 min
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