AIMBlog_Logo_Resized

Massachusetts Continues Job Growth

Posted by Andre Mayer on Aug 14, 2014 9:52:00 AM

 

Massachusetts added 13,800 jobs in July, but the unemployment rate ticked up a tenth to 5.6 percent as the workforce grew, the Executive Office of Labor and Workforce Development reported today.

MA.Unemployment.July.2014

The state has added 67,300 jobs since last July, reducing the unemployment rate by 1.6 points. The national rate is 6.2 percent.

Every sector except Government added employment in July, with gains ranging from 5,000 in Professional, Scientific and Business Services to 500 in Manufacturing and Information. On the year, every sector was up except Manufacturing (-600, -0.2 percent).

The household survey showed an even larger annual job gain, 79,900. The labor force was up 9,500 on the month and 24,200 on the year.

The annual numbers are much more significant than the monthly figures, which are in any case preliminary. We are continuing to see a pattern of fairly strong and sustained employment growth, in line with the growth in business confidence tracked by AIM's Index.

Topics: Massachusetts unemployment, Massachusetts economy

Subscribe to our blog

Posts by popularity

Browse by Tag