Unemployment Rates Largely Down in Massachusetts
BOSTON — The Executive Office of Labor and Workforce Development (EOLWD) reported that seasonally unadjusted unemployment rates for October were down in 20 Massachusetts labor market areas and up in two areas, according to the Bureau of Labor Statistics. Over the year, unemployment rates were down in all the labor market areas.
The preliminary statewide unadjusted unemployment rate estimate for October was 5.1%, down 1.1% from September. Over the year, the statewide unadjusted rate was down 1.8% from the October 2013 rate of 6.9%. During October, 10 of the 12 areas for which job estimates are published recorded job gains.
The largest job gain was in the Boston-Cambridge-Quincy area, followed by the Worcester, Springfield, Brockton-Bridgewater-Easton, Lowell-Billerica-Chelmsford, Haverhill-North Andover-Amesbury, Peabody, New Bedford, Leominster-Fitchburg-Gardner, and Framingham areas. The Pittsfield area had no change in its jobs level over the month, while the Barnstable area recorded a seasonal loss. Since October 2013, all 12 areas added jobs, with the largest percentage gains in the Lowell-Billerica-Chelmsford, Worcester, Haverhill-North Andover-Amesbury, Springfield, and Pittsfield areas.
The seasonally adjusted statewide October unemployment rate, released on Nov. 20, remained unchanged over the month at 6.0% and down 1.2% over the year. The rate was 0.2% above the 5.8% national unemployment rate. The statewide seasonally adjusted jobs estimate showed a 1,200-job gain in October and an over-the-year gain of 52,600 jobs.
The labor force, unemployment rates, and job estimates for Massachusetts and every other state are based on several different statistical methodologies specified by the U.S. Department of Labor’s Bureau of Labor Statistics. 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.