Fall River Unemployment Rate Rises in July

Keith Thibault August 24, 2021 Comments Off on Fall River Unemployment Rate Rises in July

The unemployment rate in the city of Fall River in July rose slightly to 8.3%, up from 8.2% in June.

The Massachusetts Executive Office of Labor and Workforce Development reports that the labor force in Fall River in July totaled 40,873 employees. 3,378 people were recorded as being unemployed. The 8.3% unemployment rate for July compares to a 13.5% unemployment rate for July of 2020.

Towns surrounding Fall River saw their rates rise:

  • Somerset, 5.5% (5.0% in June)
  • Swansea, 4.8% (4.3% in June)
  • Westport, 5.9% (5.4% in June)
  • Freetown, 5.2% (4.6% in June)

Gateway Cities across Massachusetts saw mixed results:

  • New Bedford, 8.2% (7.9% in June)
  • Taunton, 6.7% (6.3% in June)
  • Brockton, 8.8% (8.6% in June)
  • Lowell, 6.8% (7.0% in June)
  • Lawrence, 11.6% (12.3% in June)

The state unemployment rate for July was unchanged at 4.9%. Here is more information from the state Executive Office of Labor and Workforce Development on the local numbers:

From the Executive Office of Labor and Workforce Development

BOSTON, MA August 24, 2021 — Local unemployment rates dropped in three labor market areas, remained unchanged in one area and increased in twenty labor market areas in the state during the month of July, the Executive Office of Labor and Workforce Development reported.

Compared to July 2020, the rates were down in twenty-four labor market areas.

Seven metropolitan areas for which job estimates are published experienced gains in July. The largest job increases occurred in Boston-Cambridge-Newton, Barnstable and Framingham areas. One area, Lynn-Saugus-Marblehead, experienced job losses of 3.6% over the month.

From July 2020 to July 2021, all fifteen areas gained jobs with the largest gains in the Boston-Cambridge-Newton, Springfield and Worcester areas. Barnstable area has added 21 percent more jobs since February 2020.

In order to compare the statewide rate to local unemployment rates, the Bureau of Labor Statistics estimates the statewide-unadjusted unemployment rate for July was 5.7 percent.

Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of July remained unchanged at 4.9 percent.

The statewide seasonally adjusted jobs estimate showed an increase of 43,400 jobs in July, and an over-the-year gain of 254,200 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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