Boston healthcare jobs increase
Posted on November 29, 2018
New labor statistics show that Boston healthcare jobs have increased.
The state’s total unemployment rate dropped one-tenth of a percentage point to 3.5 percent in October, the Executive Office of Labor and Workforce Development announced,
The Bureau of Labor Statistics’ preliminary job estimates indicate Massachusetts added 4,400 jobs in October. Over the month, the private sector gained 4,700 jobs as gains occurred in Education and Health Services; Professional, Scientific, and Business Services; Information; Construction; Other Services; Manufacturing; and Trade, Transportation, and Utilities. Financial Activities and Leisure and Hospitality lost jobs over the month.
From October 2017 to October 2018, BLS estimates Massachusetts has added 64,400 jobs.
The October unemployment rate was two-tenths of a percentage point lower than the national rate of 3.7 percent reported by the Bureau of Labor Statistics.
“The Massachusetts unemployment rate continues to remain low at 3.5 percent and has now held below 4 percent for 30 consecutive months. With the Commonwealth’s consistently low rate of unemployment, the economy continues to add jobs at a healthy clip and our labor force continues to grow to meet employment needs, with an additional 169,600 employed residents and 5,200 fewer unemployed over the last year,” Labor and Workforce Development Secretary Rosalin Acosta said.
The labor force increased by 10,800 from 3,822,100 in September, as 12,600 more residents were employed and 1,700 fewer residents were unemployed over the month.
Over the year, the state’s seasonally adjusted unemployment rate remained unchanged at 3.5 percent.
The state’s labor force participation rate – the total number of residents 16 or older who worked or were unemployed and actively sought work in the last four weeks – is up two-tenths of a percentage point over the month at 68.0 percent. Compared to October 2017, the labor force participation rate is up 2.6 percentage points.