NEW: Commonwealth Adds Jobs, but Unemployment Goes Up

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Thursday, October 25, 2012

GoLocalWorcester Business Team

The Executive Office of Labor and Workforce Development today reported that the September 2012 seasonally unadjusted unemployment rates were down in ten areas; unchanged in three areas; and up in nine areas over the month. 

The Worcester area reported some of the largest job gains, along with Springfield and the Boston-Cambridge-Quincy area. Overall, in September 2012, over the month job gains occurred in nine of the twelve areas for which estimates are published. 

However, the seasonally adjusted statewide September unemployment rate was 6.5 percent, an increase of 0.2 of a percentage point over the August 6.3 percent, and down 0.7 of a percentage point from the 7.2 percent rate recorded in September 2011.

Overall, the statewide seasonally adjusted jobs estimate showed a 5,100 job gain over the month.

Statewide, the September seasonally unadjusted unemployment rate remained at 6.4 percent. Over the year, the statewide unadjusted rate was down 0.9 of a percentage point from the September 2011 unadjusted rate of 7.3 percent.

Over the year, the unemployment rates are down in all twenty two labor areas. During this time, the largest job percentage gains have been in the Leominster-Fitchburg-Gardner, Peabody, Boston-Cambridge-Quincy and Barnstable areas.

The labor force, unemployment rates and jobs estimates, for Massachusetts and for every other state, are based on 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.

NOTES: The October 2012 unemployment rate, labor force data, and jobs estimates for Massachusetts will be released on November 15, 2012; local unemployment statistics will be released on November 20, 2012. Detailed labor market information is available here.

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