Mass. Job and Unemployment Estimates Released

The Executive Office of Labor and Workforce Development reported that the July 2012 seasonally unadjusted unemployment rates were down in the Barnstable, Amherst, Nantucket and Tisbury areas; unchanged in the North Adams area; and up in the other seventeen areas over the month. Over the year, the rates are down in all twenty two labor areas.

Statewide, the July seasonally unadjusted unemployment rate was 6.6 percent, up 0.3 of a percentage point from 6.3 percent recorded in June. Over the year, the statewide unadjusted rate was down 0.9 of a percentage point from the July 2011 unadjusted rate of 7.5 percent.

In July 2012, over the month job gains occurred in three of the twelve areas that estimates are published. The largest gains occurred in the Barnstable, Pittsfield, and Peabody areas. The Barnstable area had the largest over the month rate of job growth due to seasonal gains.

Over the year, nine of the twelve areas added jobs with the largest percentage gains in the Peabody, Barnstable, and Boston-Cambridge-Quincy areas.

The seasonally adjusted statewide July unemployment rate, released on August 16th, was 6.1 percent, an increase of 0.1 of a percentage point over the June 6.0 percent, and down 1.3 percentage points from the 7.4 percent rate recorded in July 2011. The statewide seasonally adjusted jobs estimate showed a 1,600 job gain over the month.

The labor force, unemployment rates and jobs estimates, for Massachusetts and for every other state, are based on statistical methodologies specified by the U.S. Department of Labor’s Bureau of Labor Statistics.

The unadjusted unemployment rates and job estimates for the labor market areas reflect seasonal fluctuations and therefore may show different levels and trends than the statewide seasonally adjusted estimates.

Related posts:

1. Is Unemployment Decreasing in New England? A Look at New England’s August Unemployment Rates
2. Massachusetts Jobs Increase By 1,600; Government Added 500 Jobs
3. Massachusetts Jobs Decrease By 2,600
4. ME Dept. Of Labor Launches Unemployment Initiative
5. Conn. Registers Steep Job Loss in Aug.

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Posted by jcashman on Aug 22 2012. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry