MA Adds 11,800 Jobs in January, Unemployment Stays at 2.8%
GoLocalProv Business Team
MA Adds 11,800 Jobs in January, Unemployment Stays at 2.8%
Last month, Massachusetts lost 5,000 jobs.
"Following year-end revisions, BLS now estimates Massachusetts added 33,400 jobs over the year. In addition to those job gains, the labor force increased by 27,000 from last year’s level, with 39,400 more residents employed and 12,300 fewer residents unemployed," said Labor and Workforce Development Secretary Rosalin Acosta.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTMA’s announcement comes one day after Rhode Island announced the loss of 200 jobs.
MA Adds Jobs
According to the Bureau of Labor Statistics, in January, the private sector added 11,100 jobs as gains occurred in Trade, Transportation, and Utilities; Education and Health Services; Professional, Scientific, and Business Services; Financial Activities; Leisure and Hospitality; Other Services; Information; Construction; and Manufacturing.
From January 2019 to January 2020, BLS estimates Massachusetts added 33,400 jobs.
Unemployment Remains
The January unemployment rate stayed at 2.8%.
The labor force increased by 1,900 from 3,834,300 in December, as 2,300 more residents were employed and 400 fewer residents were unemployed over the month.
The state’s labor force participation rate remained unchanged at 67.9 percent.
Compared to January of 2019, the labor force participation rate is up two-tenths of a percentage point.
The January unemployment rate was eight-tenths of a percentage point lower than the national rate of 3.6 percent reported by the Bureau of Labor Statistics.