The unemployment rate in the City of Fall River in July rose seven-tenths of a percent to 6.4%, up from 5.7% in June.
The Massachusetts Executive Office of Labor and Workforce Development reports that the labor force in Fall River in July totaled 42,236 employees. 2,721 people were recorded as unemployed. The 6.3% unemployment rate for July compares to the 5.1% unemployment rate for July 2023.
Here are the rates of communities surrounding Fall River:
Somerset, 5.1% (4.1% in June)
Swansea, 3.7% (3.3% in June)
Westport, 5.1% (4.1% in June)
Freetown, 4.4% (4.0% in June)
Here are the rates in select Gateway Cities across Eastern Massachusetts last month:
New Bedford, 6.3% (5.6% in June)
Taunton, 5.6% (4.7% in June)
Brockton, 6.0% (5.3% in June)
Lowell, 5.7% (5.1% in June)
Lawrence, 7.9% (7.1% in June)
The state unemployment rate for June rose three-tenths of a percent to 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 August 20, 2024 — Local unemployment rates increased in twenty-two of twenty-four labor market areas in the state during the month of July 2024 compared to June 2024, the Executive Office of Labor and Workforce Development reported.
Compared to July 2023, the rates were up in all twenty-four labor market areas.
Of the fifteen areas for which employment estimates are published, one NECTA area gained jobs compared to the previous month. The largest percentage increase occurred in the Barnstable Town area (2.2%). The largest percentage decreases occurred in the Boston-Cambridge-Newton (-0.3%), Worcester MA-CT (-0.9%), and Springfield MA-CT (-0.7%) areas.
From July 2023 to July 2024, thirteen areas gained jobs with the largest percentage increases seen in the Boston-Cambridge-Newton (+1.1%), Worcester MA-CT (+1.9%), and Springfield MA-CT (+1.3%) areas.
The statewide seasonally adjusted preliminary jobs estimate showed a decrease of -2,300 jobs in July, and an over-the-year gain of 41,200 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 2024 was 4.6%, up 0.6 percentage points from the revised June 2024 estimate and was 0.1 percentage point above the nation’s unadjusted unemployment rate of 4.5%.
Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of July 2024 was 3.5%, up 0.3 percentage points compared to the revised June 2024 estimate. The Bureau of Labor Statistics reported the nation’s seasonally adjusted unemployment rate for June 2024 increased by 0.2 percentage points over-the-month to 4.3%.
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.
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