The unemployment rate in the City of Fall River in March fell 0.8% points to 7.5%, down from 8.3% in February.
The Massachusetts Executive Office of Labor and Workforce Development reports that the labor force in Fall River in March totaled 40,423 employees. 3,022 people were recorded as unemployed. The 7.5% unemployment rate for February compares to the 7.7% unemployment rate for March 2022.
Here are the rates of communities surrounding Fall River:
Somerset, 4.7% (5.4% in February)
Swansea, 4.6% (5.1% in February)
Westport, 5.3% (6.3% in February)
Freetown, 4.5% (5.0% in February)
Here are the rates in select Gateway Cities across Eastern Massachusetts last month:
New Bedford, 6.9% (7.6% in February)
Taunton, 5.2% (5.4% in February)
Brockton, 5.6% (5.5% in February)
Lowell, 4.4% (4.8% in February)
Lawrence, 6.9% (7.7% in February)
The state unemployment rate for March sits at 3.5%. 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 April 25, 2023 — Local unemployment rates decreased in twenty-three labor market areas and remained unchanged in one labor market area in the state during the month of March 2023 compared to February 2023, the Executive Office of Labor and Workforce Development reported.
Compared to March 2022, the rates were down in twelve labor market areas, increased in five areas and remained unchanged in seven labor market areas.
Of the fifteen areas for which employment estimates are published, twelve NECTA areas gained jobs compared to the previous month. The largest increases occurred in the Boston-Cambridge-Newton (+1.0%), Haverhill-Newburyport-Amesbury Town MA-NH (+0.8%), and Peabody-Salem-Beverly (+0.6%) areas.
From March 2022 to March 2023, fifteen areas gained jobs with the largest percentage increases seen in the Barnstable Town (+5.0%), Peabody-Salem-Beverly (+4.3%), and Boston-Cambridge-Newton (+3.3%) areas.
The statewide seasonally adjusted preliminary jobs estimate showed an increase of 16,300 jobs in March, and an over-the-year gain of 104,000 jobs.
In order to compare the statewide rate to local unemployment rates, the U.S. Department of Labor’s Bureau of Labor Statistics estimates the statewide unadjusted unemployment rate for March 2023 was 3.9 percent, down 0.3 percentage point from the revised February 2023 estimate and 0.3 percentage point above the nation’s unadjusted unemployment rate of 3.6 percent.
Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of March 2023 was 3.5 percent, down 0.2 percentage point from the revised February 2023 estimate of 3.7 percent. The Bureau of Labor Statistics reported the nation’s seasonally adjusted unemployment rate for March 2023 was 3.5 percent.
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 Bureau of Labor Statistics.
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