Boston construction jobs climb
Posted on May 1, 2018
New labor statistics show that Boston construction jobs have grown.
Over the month, the private sector added 5,600 jobs as gains occurred in Professional, Scientific, and Business Services; Construction; Manufacturing; and Information. The jobs level remained unchanged in Financial Activities.
From March 2017 to March 2018, BLS estimates Massachusetts has added 41,800 jobs.
The March unemployment rate was six-tenths of a percentage point lower than the national rate of 4.1 percent reported by the Bureau of Labor Statistics.
“For the past six months, the Commonwealth’s unemployment rate has remained unchanged at 3.5 percent. Yet during that period of low unemployment, we are still seeing expansions in the labor force, with over 25,000 more residents employed and employers adding more than 20,000 jobs, pointing to the overall strength of the Massachusetts workforce.” Labor and Workforce Development Secretary Rosalin Acosta said.
The labor force increased by 14,200 from 3,669,500 in February, as 13,000 more residents were employed and 1,200 more residents were unemployed over the month.
Over the year, the state’s seasonally adjusted unemployment rate decreased four-tenths of a percentage point from 3.9 percent in March 2017.
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 over the month two-tenths of a percentage point at 65.6 percent. Compared to March 2017, the labor force participation rate remained unchanged at 65.6 percent.
The largest private sector percentage job gains over the year were in Construction; Professional, Scientific, and Business Services; Leisure and Hospitality; and Manufacturing.
Professional, Scientific, and Business Services added 6,600 (+1.2%) jobs over the month. Over the year, Professional, Scientific and Business Services added 16,400 (+2.9%) jobs.
Construction gained 1,200 (+0.8%) jobs over the month. Over the year, Construction has gained 11,500 (+7.7%) jobs.
Manufacturing added 600 (+0.2%) jobs over the month. Over the year, Manufacturing gained 2,500 (+1.0%) jobs.