The Bay State job market stood at a standstill in September, but more people began looking for work again, a sign the long-term unemployed are beginning to gain confidence in their job prospects.
Officially, employers added 9,400 jobs last month, but those gains were a result of the final ripple effect from the Market Basket saga.
"The gains reflect the return of employees from last month's temporary disruption," state Secretary of Labor and Workforce Development Rachel Kaprielian said. Because of state policy, she could not name a specific company responsible for the disruption.
In August, the state's loss of 5,300 jobs was attributed to Market Basket employees who were not paid that month and were officially considered to have lost their jobs. In September, those employees were back stocking shelves and working in warehouses, so the job numbers spiked.
The retail trade sector, which includes grocery stores, added 9,500 jobs. Experts say most — if not all — of those 9,500 were tied to Market Basket's return.
"All the jobs really can be accounted for by the return of workers to Market Basket," said Robert Nakosteen, an economist at the UMass Amherst Isenberg School of Management. "Without Market Basket employees coming back, there would have been no job growth or a job decline."
Still, Nakosteen said the state's labor market is headed in the right direction, adding that September could have just been a blip or temporary pause in job growth.
"The employment prospects in the state are good," he said.
Yesterday, Federal Reseve Chair Janet Yellen toured Connect, a Chelsea center that offers job training and job search support for the unemployed, asking participants about the challenges they face and their experiences with finding a job. Today, she will give the keynote address at the Inequality of Economic Opportunity in the United States conference, organized by the Boston Federal Reserve.
In September, the labor force increased for a third straight month, as people began to become more confident in the chances of finding a job.
"Labor force growth has been very strong over the last few months," said Alan Clayton-Matthews, an economist at Northeastern University.
That increased labor force pushed the unemployment rate up 0.2 percent, to 6.0. This is the first time since January the state unemployment rate has been higher than the national rate, which was 5.9 in September.
Anda sedang membaca artikel tentang
Job prospects looking up
Dengan url
http://wartawanlocal.blogspot.com/2014/10/job-prospects-looking-up.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Job prospects looking up
namun jangan lupa untuk meletakkan link
sebagai sumbernya
0 komentar:
Posting Komentar