The unemployment rate in the City of Fall River in July sits at 5.3%, unchanged from June.
The Massachusetts Executive Office of Labor and Workforce Development reports that the labor force in Fall River in July totaled 40,430 employees. 2,148 people were recorded as being unemployed. The 5.3% unemployment rate for July compares to a 8.6% unemployment rate for July of 2021.
Here are the rates of communities surrounding Fall River:
Somerset, 3.9% (3.9% in June)
Swansea, 3.0% (3.0% in June)
Westport, 4.1% (4.2% in June)
Freetown, 3.3% (3.2% in June)
Rates in select Gateway Cities across Eastern Massachusetts showed mixed results:
New Bedford, 5.5% (5.7% in June)
Taunton, 4.6% (4.3% in June)
Brockton, 5.2% (5.0% in June)
Lowell, 4.0% (4.1% in June)
Lawrence, 7.4% (7.3% in June)
The state unemployment rate for July fell two-tenths of one 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 23, 2022 — Local unemployment rates dropped in nine labor areas, increased in five, and remained unchanged in ten labor market areas in the state during the month of July compared to June, the Executive Office of Labor and Workforce Development reported.
Compared to July 2021, the rates were down in twenty-four labor market areas.
Of the fifteen areas for which estimates are published, three areas gained jobs. The increases occurred in the Barnstable Town (+4.1%), Boston-Cambridge-Newton (+0.3%), and Worcester (+0.1%) areas.
From July 2021 to July 2022, thirteen areas gained jobs with the largest percentage increases seen in the Boston-Cambridge-Newton (+5.8%), Springfield (+4.4%), Lowell-Billerica-Chelmsford (+3.9%), and Lawrence-Methuen Town-Salem (+3.5%) areas.
In order to compare the statewide rate to local unemployment rates, the Bureau of Labor Statistics estimates the statewide unadjusted unemployment rate for July 2022 was 3.5 percent, unchanged from the June estimate.
Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of July 2022 was 3.5 percent, down two-tenths of a percentage point from the June 2022 estimate of 3.7 percent.
The statewide seasonally adjusted preliminary jobs estimate showed an increase of 13,500 jobs in July, and an over-the-year gain of 134,500 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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