The unemployment rate in the City of Fall River in May fell to 5.4%, down from 5.9% in April.
The Massachusetts Executive Office of Labor and Workforce Development reports that the labor force in Fall River in May totaled 40,376 employees. 2,191 people were recorded as being unemployed. The 5.4% unemployment rate for May compares to a 9.0% unemployment rate for May of 2021.
Here are the rates of communities surrounding Fall River:
Somerset, 3.5% (3.5% in April)
Swansea, 2.9% (3.0% in April)
Westport, 4.1% (4.3% in April)
Freetown, 3.7% (3.9% in April)
Rates in Gateway Cities across Eastern Massachusetts were mixed last month:
New Bedford, 5.5% (5.6% in April)
Taunton, 4.1% (4.2% in April)
Brockton, 4.9% (4.9% in April)
Lowell, 3.9% (3.8% in April)
Lawrence, 6.8% (7.0% in April)
The state unemployment rate for May fell to 3.9%. Here is more information from the state Executive Office of Labor and Workforce Development:
From the Executive Office of Labor and Workforce Development
BOSTON, MA June 21, 2022 — Local unemployment rates dropped in eleven labor market areas, increased in six areas and remained unchanged in seven labor market areas in the state during the month of May compared to April, the Executive Office of Labor and Workforce Development reported.
Compared to May 2021, the rates were down in twenty-four labor market areas.
Of the fifteen areas for which estimates are published, all fifteen areas gained jobs. The largest percentage increases were in the Barnstable Town (+3.1%), Lawrence-Methuen-Salem (+2.0%), Pittsfield (+1.8%), and Lynn-Saugus-Marblehead (+1.8%) areas.
From May 2021 to May 2022, fourteen areas gained jobs with the largest percentage increases seen in Boston-Cambridge-Newton (+5.5%), Lawrence-Methuen Town-Salem (+5.4%), Springfield (+5.1%), and Lowell-Billerica-Chelmsford (+4.3%) areas.
In order to compare the statewide rate to local unemployment rates, the Bureau of Labor Statistics estimates the statewide-unadjusted unemployment rate for May 2022 was 3.4 percent, up 0.1 percentage point over-the-month.
Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of May 2022 was 3.9 percent, down two-tenths of a percentage point from the April 2022 estimate of 4.1 percent.
The statewide seasonally adjusted preliminary jobs estimate showed an increase of 5,500 jobs in May, and an over-the-year gain of 176,600 jobs.
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.
The estimates for labor force, unemployment rates and jobs for Massachusetts are based on different statistical methodology specified by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS).
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