Fall River’s Unemployment Rate Drops in October

Keith Thibault November 23, 2021 Comments Off on Fall River’s Unemployment Rate Drops in October

The unemployment rate in the city of Fall River in October fell to 8.0%, down from 8.4% in September.

The Massachusetts Executive Office of Labor and Workforce Development reports that the labor force in Fall River in October totaled 40,290 employees. 3,217 people were recorded as being unemployed. The 8.0% unemployment rate for October compares to a 10.1% unemployment rate for October of 2020.

Here are the rates of communities surrounding Fall River:

Somerset, 5.0% (4.6% in September)
Swansea, 4.6% (4.7% in September)
Westport, 5.4% (5.4% in September)
Freetown, 4.9% (5.1% in September)

Rates at Gateway Cities across Eastern Massachusetts were all lower last month:

New Bedford, 7.8% (7.9% in September)
Taunton, 6.1% (6.3% in September)
Brockton, 7.8% (8.4% in September)
Lowell, 6.1% (6.4% in September)
Lawrence, 10.4% (10.8% in September)

The state unemployment rate for October rose .1% to 5.3%. 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 November 23, 2021 — Local unemployment rates dropped in nineteen labor market areas, increased in three labor market areas, and remained unchanged in two labor market areas in the state during the month of October, the Executive Office of Labor and Workforce Development reported.

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

Fourteen metropolitan areas for which job estimates are published experienced gains over the month in October. The largest percentage increases occurred in Haverhill-Newburyport-Amesbury, Lynn-Saugus-Marblehead, and Lawrence-Methuen Town-Salem areas. Barnstable was the only area to experience job loss in October, losing 2,600 jobs (-2.5%).

From October 2020 to October 2021, all fifteen areas gained jobs with the largest percentage increases in Boston-Cambridge-Newton (+6.1%), Framingham (+6.1%), New Bedford (+5.7%) and Lynn-Saugus-Marblehead (+5.7%) areas. Despite the over-the-month jobs loses for the Barnstable area, jobs have recovered to their pre-pandemic level, increasing by seven percent 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 October was 5.1 percent.

Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of October was up one-tenth of a percentage point over the month at 5.3 percent.

The statewide seasonally adjusted jobs estimate showed an increase of 25,000 jobs in October, and an over-the-year gain of 197,200 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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