The latest data from the Bureau of Labor Statistics shows a gain of 68,100 jobs in Massachusetts on a year-over-year basis, from August 2017 to August 2018. The Massachusetts unemployment rate stands at 3.6%. Nationally, the average unemployment rate stands at 3.9%.

Private-sector employment has been robust in Construction, Professional and Scientific fields. Healthcare, Education, and Leisure and Hospitality sectors remain strong as well.

Meanwhile, public-sector employment in Government Services has shown a small decline. Utilities and transportation services are also showing modest employment declines.

Here are the industries with the greatest increase in employment, on a year-over-year basis:

Construction: 7.0% increase

Professional, Scientific and Business Services: 5.0% increase

Leisure and Hospitality: 3.1% increase

Manufacturing: 1.8% increase

Education and Health Services: 1.2% increase

Financial Activities: 0.6% increase

Information Technology: 0.1% increase

Overall, Massachusetts employment levels reflect the economic vitality of the Commonwealth. The diversity of employment opportunities draws new residents, while our highly-educated workforce attracts major employers. This positive cycle is complimented by ongoing global and domestic investment activity.

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Jay Nuss
Jay Nuss Realty Group, LLC
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