EagleTribune.com, North Andover, MA

Boston and Beyond

October 18, 2012

Mass. unemployment rate ticks up even though state's economy adds 5,100 jobs

BOSTON — The state's unemployment rate went up from 6.3 percent in August to 6.5 percent in September, even though the Massachusetts economy added 5,100 jobs, according to a report released today by the Executive Office of Labor and Workforce Development.

The state report shows that the total unemployment rate inched up from 6.3 percent in August to 6.5 percent in September. The unemployment rate is down 0.7 percent from the September 2011 rate of 7.2 percent.

Year to date jobs are up 37,800 with private sector jobs up 37,300. Professional, Scientific, and Business Services and Trade, Transportation and Utilities had the largest gains. The September job gain follows a revised loss of 3,500 jobs in August.

Leisure and hospitality added 6,200 jobs over the month.

Professional, scientific, and business services gained 3,400.

Construction added 2,200 jobs over the month.

Financial activities added 1,100

Trade, transportation, and utilities lost 3,400 jobs.

Information lost 2,000.

Education and health services lost 1,500.

Manufacturing lost 700 jobs over the month.

Government lost 900 jobs, with state government posting a 1,100 jobs loss over the month while federal government was down 200 jobs. Local government added 400 jobs.

The September 2012 estimates show 3,236,100 Massachusetts residents were employed and 225,400 were unemployed, for a total labor force of 3,461,400. Over the year, 33,900 more residents are employed and 24,500 fewer residents are unemployed. Since the unemployment rate peaked at 8.7 percent in October 2009, there are 75,600 more residents employed and 75,600 fewer residents unemployed.

The unemployment rate is based on a monthly sample of households. The job estimates are derived from a monthly sample survey of employers. As a result, the two statistics exhibit different trends for September.

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