Fall River’s Unemployment Rate Drops in March

Keith Thibault April 20, 2021 Comments Off on Fall River’s Unemployment Rate Drops in March

The unemployment rate in the city of Fall River in March is 11.0% up from 11.9% in February.

The Massachusetts Executive Office of Labor and Workforce Development reports that the labor force in Fall River in March totaled 41,098 employees. 4,515 people were recorded as being unemployed. The 11.0% unemployment rate for March compares to a 6.1% unemployment rate for March of 2020.

Towns surrounding Fall River saw a drop in their unemployment rates:

  • Somerset, 6.4% (7.5% in February)
  • Swansea, 6.5% (7.3% in February)
  • Westport, 7.9% (9.1% in February)
  • Freetown, 6.7% (7.5% in February)

Gateway Cities across Massachusetts also saw their jobless rates fall in March.

  • New Bedford, 10.2% (11.2% in February)
  • Taunton, 7.9% (8.8% in February)
  • Brockton, 10.0% (10.9% in February)
  • Lowell, 8.0% (9.0% in February)
  • Lawrence, 14.5% (15.5% in February)

The state unemployment rate for March is 6.8%. Here is more information from the state Executive Office of Labor and Workforce Development on the local numbers:

Latest Seasonally Unadjusted Unemployment and Job Estimates for Local Labor Markets in Massachusetts

BOSTON, MA April 20, 2021 — Local unemployment rates dropped in twenty-four labor market areas in the state during the month of March, the Executive Office of Labor and Workforce Development reported.

Compared to March 2020, the rates were up in twenty-four labor market areas.

All areas for which job estimates are published experienced gains in March. The largest percentage increases occurred in New Bedford, Pittsfield, and Lynn-Saugus-Marblehead.

From March 2020 to March 2021, all fifteen areas lost jobs with the largest percentage losses in the Springfield, Brockton-Bridgewater-Easton and Peabody-Salem-Beverly areas.

In order to compare the statewide rate to local unemployment rates, the Bureau of Labor Statistics estimates the statewide-unadjusted unemployment rate for March was 6.6 percent.

Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of March was 6.8 percent, down 0.2 percentage points following a revision to the February rate of 7.0 percent.

The statewide seasonally adjusted jobs estimate showed an increase of 12,800 jobs in March, and an over-the-year loss of 272,700 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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