Projo Biz Blog

Massachusetts last month gained 1,700 payroll jobs and the unemployment rate fell 0.3 percent to 5.1 percent, according to a government report released today.

Education and health services posted the largest job gain in August, and the highest annual job growth rate of any of the combined industry "super" sector reported by the state. Employment gains in August also were reported in professional, scientific and business services.

The gains helped off-set the job losses in sectors such as trade, transportation and utlities sector, retail trade and financial activies, according to the Massachusetts Office of Labor and Workforce Development.

Financial activities companies in August shed 300 jobs, the report said. The financial activities sector is down 1,500 jobs from a year earlier, with the largest declines reported in real estate, rental, leasing and credit intermediation activities.

Comments

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Link | October 31, 2008 6:30 PM
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