I received this today. Progress in creating jobs is slow going. The process can be compared to dieting. It took years to get fat you can’t expect to loose weight over night. It took years for the job market to dwindle down to where it is today, to become over saturated, and exhausting from the strains of businesses having to pay for health care, or for employees to loose jobs due to the lack of regulatory control that has allowed industries to outsource at the sake of loosing local positions. Any rebound will take time, a solid method, and one that breaks path form the past decade of corporate and legislative abuse. It’s good to see some growth, let’s hope it is rooted in principals that value our home front, local development, community, and the people who have already suffered the most. In the meantime let’s not panic in fear and anger, let’s move forward with hope.
Here is the news without further editorial from me:
FOR IMMEDIATE RELEASE
Contact: Alison Harris, (617)-626-7121
MASSACHUSETTS UNEMPLOYMENT RATE DROPS TO 8.8 Percent
7TH Straight Month of Job Growth – Private Sector Jobs up 4,000
Boston, MA – Thursday September 16, 2010 – The Executive Office of Labor
and Workforce Development reported today that preliminary August job
estimates show 3,201,900 jobs in Massachusetts, an increase of 2,100
jobs. The August job growth follows a revised 15,200 jobs gain in July,
previously reported as a 13,200 job gain. This marks the seventh
straight month for job gains in the Commonwealth, adding 64,300 jobs
since December 2009. Massachusetts is currently third in rate of job
growth in the nation year-to-date based on the July preliminary
estimates for all states.
The total unemployment rate dropped from 9.0 percent in July to 8.8
percent in August and remains below the 9.6 percent national rate which
was up over-the-month from 9.5 percent.
The private sector added 4,000 jobs with the largest gains in Leisure
and Hospitality; Professional, Scientific and Business Services; and
Construction. Government lost 1,900 jobs mostly due to reductions in
Federal Government temporary Census positions. Over-the-year, jobs are
up 48,500 (+1.5 percent) with private sector jobs up 44,700 (+1.6
Trends for jobs, unemployed residents, the unemployment rate and
unemployment insurance claims continue to indicate signs of improvement
for the Commonwealth’s economy.
The Leisure and Hospitality sector added 2,800 jobs (+0.9 percent)
following on a revised gain of 7,300 jobs in July. This is the fourth
successive monthly gain for Leisure and Hospitality. Year-to-date,
Leisure and Hospitality has added 19,300 jobs. Accommodation and Food
Services added 4,100 jobs (+1.6 percent) in August while Arts,
Entertainment and Recreation shed 1,300 jobs (-2.9 percent).
Over-the-year, jobs in this sector are up 14,300 (+4.8 percent).
The Professional, Scientific and Business Services sector added 2,700
jobs (+0.6 percent) in August; the third consecutive monthly jobs gain.
Administrative, Support and Waste Management Services gained 1,500 jobs
(+1.0 percent); Professional, Scientific and Technical Services added
900 jobs (+0.4 percent); and Management of Companies and Enterprises
added 300 jobs (+0.5%). Over-the-year, this sector gained 13,500 jobs
Construction gained 1,600 jobs (+1.5 percent) in August after adding a
revised 1,100 jobs in July. Since March, five consecutive monthly jobs
gains in this sector added 8,700 jobs. Over-the-year, Construction jobs
are up 3,200 jobs (+3.0 percent).
Financial Activities gained 1,100 jobs in August (+0.5 percent). Within
this sector, Finance and Insurance added 1,200 jobs (+0.7 percent)
showing job growth in five of the past six months. Real Estate and
Rental and Leasing lost 100 jobs (-0.3 percent). Financial Activities
jobs are down 1,700 (-0.8 percent) from one year ago.
The Education and Health Services sector gained 800 jobs (+0.1 percent)
in August after adding 1,600 jobs in July. All of the monthly gain was
in Health Care and Social Assistance which added 2,100 jobs (+0.4
percent); Educational Services lost 1,300 jobs (-0.8%). Over-the-year,
Education and Health Services jobs are up 16,500 (+2.5 percent) with
growth in both component industries.
Manufacturing lost 1,600 jobs (-0.6 percent) with losses in both Durable
Goods, which shed 1,200 jobs (-0.7 percent), and Non-Durable Goods which
lost 400 jobs (-0.4 percent). Over-the-year, Manufacturing jobs are up
600 (+0.2 percent).
Trade, Transportation and Utilities jobs were down 1,200 (-0.2 percent)
following a revised 3,000 job gain in July. Wholesale Trade lost 600
jobs (-0.5 percent); Retail Trade shed 300 jobs (-0.1 percent) while
Transportation, Warehousing and Utilities also lost 300 jobs (-0.4
percent). Year-to-date Trade, Transportation and Utilities jobs are up
8,500 (+1.6 percent); over-the-year jobs are down 1,800 jobs (-0.3
Other Services lost 1,100 jobs (-0.9 percent) after adding 1,400 jobs in
July. Jobs are down 500 (-0.4 percent) from one year ago.
Information jobs were down 1,100 (-1.3 percent) after adding a revised
200 jobs in July. Information employment is up 500 jobs (+0.6 percent)
from one year ago.
Government lost 1,900 jobs (-0.4 percent) in August with 1,500 jobs lost
(-3.0 percent) in Federal Government. State Government lost 300 jobs
(-0.2 percent); and Local Government lost 100 jobs (0.0 percent).
Over-the-year, Government has gained 3,800 jobs (+0.9 percent).
Labor Force Overview
The August estimates show 3,171,500 Massachusetts residents were
employed and 304,400 were unemployed, for a total labor force of
3,476,000. The labor force decreased by 3,400 from 3,479,400 in July as
4,100 more residents were employed and 7,600 fewer residents were
unemployed over-the-month. The labor force is 1,400 above last year’s
level. Since January, there are 28,300 more residents employed and
24,600 fewer residents unemployed for a labor growth of 3,800. Totals
may not add exactly due to 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 may exhibit different trends.
NOTES: Local area unemployment statistics for August 2010 will be
released on Tuesday, September 21, 2010. The September 2010 unemployment
rate and labor force data for Massachusetts will be released on
Thursday, October 21, 2010. (See the March, 2010 Revised Media Advisory
annual schedule for complete listing of release dates
LINK TO PDF
Detailed labor market information is available at http://www.mass.gov/lmi