The unemployment rate in the City of Fall River for November rose three-tenths of a percent to 5.3%, up from 5.0% in September.
The Massachusetts Executive Office of Labor and Workforce Development reports that the labor force in Fall River in November totaled 41,433 employees. 2,179 people were recorded as unemployed. The 5.3% unemployment rate for November compared to 4.2% in November of 2023.
Here are the rates of communities surrounding Fall River:
Somerset, 3.9% (4.0% in October)
Swansea, 3.5% (3.2% in October)
Westport, 3.8% (3.7% in October)
Freetown, 3.7% (3.3% in October)
Here are the rates in select Gateway Cities across Eastern Massachusetts last month:
New Bedford, 5.6% (5.1% in October)
Taunton, 4.4% (4.3% in October)
Brockton, 5.0% (4.7% in October)
Lowell, 4.6% (4.5% in October)
Lawrence, 6.8% (6.7% in October)
The state unemployment rate for November rose one-tenth of a percent to 4.0%. 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 December 24, 2024 — Local unemployment rates increased in twenty-two of twenty-four labor market areas and held constant in two labor market areas in the state during the month of November 2024 compared to October 2024, the Executive Office of Labor and Workforce Development reported.
Compared to November 2023, rates were up in all twenty-four labor market areas
Of the fifteen areas for which employment estimates are published, seven NECTA area gained jobs compared to the previous month. The largest percentage increases occurred in the Leominster-Gardner (+0.9%), Brockton-Bridgewater-Easton (+0.5%), and Worcester MA-CT (+0.2%) areas. The largest percentage decrease occurred in the Barnstable Town (-2.3%) area.
From November 2023 to November 2024, fourteen areas gained jobs with the largest percentage increases seen in the Barnstable Town (+3.1%), Leominster-Gardner (+1.7%), and Lynn-Saugus-Marblehead (+1.5%) areas.
The statewide seasonally adjusted preliminary jobs estimate showed an increase of 800 jobs in November, and an over-the-year gain of 27,100 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 November 2024 was 3.9%, up 0.2 percentage points from the revised October 2024 estimate and was 0.1 percentage point below the nation’s unadjusted unemployment rate of 4.0%.
Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of November 2024 was 4.0%, up 0.1 percentage point compared to the revised October 2024 estimate. The Bureau of Labor Statistics reported the nation’s seasonally adjusted unemployment rate for November 2024 increased 0.1 percentage point to 4.2%.
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 methodologies specified by the Bureau of Labor Statistics.
