WORKFORCE

Revised Bay State data shows job growth in 2011

COURTESY MASSBENCHMARKS
NEW MASSACHUSETTS payroll employment data shows job growth of 1.2 percent between December 2010 and December 2011, compared with the 0.3 percent growth originally reported. For a larger version of this graph, click HERE.
Posted 7/13/12

BOSTON – Due to an analysis of new Massachusetts payroll employment data, MassBenchmarks estimates that the Bay State saw job growth of 1.2 percent between December 2010 and December 2011, compared with the 0.3 percent growth originally reported by the U.S. Bureau of Labor Statistics.

MassBenchmarks - a journal published by the University of Massachusetts’ Donahue Institute’s Economic and Public Policy Research - estimates the number of seasonally adjusted payroll jobs in the Bay State in December 2011 as 3.24 million, 30,000 more than the official payroll job count of 3.21 million.

According to the report, the new estimates provide the first preview of what will be the ultimate updates for 2011 data, which will be released in March 2013 after the BLS performs its annual benchmark revisions.

The revised payroll employment data represents a census of Bay State employers that are participants in the state’s unemployment insurance program.

In the revised data, the largest difference in employment was in educational services, which appears to have added 9,000 more jobs, and construction, which added 7,000 more jobs between December 2010 and December 2011.

Manufacturing saw the biggest downward revision in Massachusetts employment, with a loss of 4,500 jobs between December 2010 and December 2011.

Based on the revised data, MassBenchmarks said construction had the fastest rate of job growth in 2011, with a 4.6 percent increase.

“The rebound in construction employment is welcome given how hard hit this sector has been in recent years,” MassBenchmarks senior contributing editor Alan Clayton-Matthews said in prepared remarks, adding that the sector has a long way to go before it recovers to pre-recession levels.

“Construction employment in Massachusetts remains well below its level in December 2007,” said Clayton-Matthews.

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • Healthiest Employers
    See who the Healthiest Employers in RI are! And save the date - August 14th - at ...
  • 40 Under Forty
    Thank you to our sponsors and to all those who attended the 10th Anniversary of ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement