The unemployment rate in the City of Fall River in July rose to 4.3%, up from 4.1% in June.
The Massachusetts Executive Office of Labor and Workforce Development reports that the labor force in Fall River in July totaled 39,375 employees. 1,711 people were recorded as unemployed. The 4.3% unemployment rate for July compares to the 5.9% unemployment rate for July of 2022.
Here are the rates of communities surrounding Fall River:
Somerset, 3.0% (3.0% in June)
Swansea, 2.7% (2.6% in June)
Westport, 3.1% (2.9% in June)
Freetown, 2.7% (2.6% in June)
Here are the rates in select Gateway Cities across Eastern Massachusetts last month:
New Bedford, 4.4% (4.1% in June)
Taunton, 3.8% (3.6% in June)
Brockton, 4.2% (3.9% in June)
Lowell, 3.5% (3.4% in June)
Lawrence, 5.1% (4.9% in June)
The state unemployment rate for July sits at 2.6%. 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 August 22, 2023 — Local unemployment rates increased in fifteen labor market areas, remained unchanged in five areas, and decreased in four labor market areas in the state during the month of July 2023 compared to June 2023, the Executive Office of Labor and Workforce Development reported.
Compared to July 2022, the rates were down in twenty-four labor market areas.
Of the fifteen areas for which employment estimates are published, twelve NECTA areas lost jobs compared to the previous month. The largest decreases occurred in the Lowell-Billerica-Chelmsford MA-NH (-2%), New Bedford (-1.5%), and Brockton-Bridgewater-Easton (-1.4%) areas.
From July 2022 to July 2023, thirteen areas gained jobs with the largest percentage increases seen in the Peabody-Salem-Beverly (+3.8%), Boston-Cambridge-Newton (+3.5%), and Taunton-Middleborough-Norton (+2.8%) areas.
The statewide seasonally adjusted preliminary jobs estimate showed an increase of 12,500 jobs in July, and an over-the-year gain of 90,300 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 July 2023 was 2.9%, up 0.1 percentage point from the revised June 2023 estimate and 0.9 percentage points below the nation’s unadjusted unemployment rate of 3.8%.
Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of July 2023 was 2.5%, down 0.1 percentage point from the revised June 2023 estimate of 2.6%. The Bureau of Labor Statistics reported the nation’s seasonally adjusted unemployment rate for June 2023 was 3.5%.
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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