NEW: Unemployment Rates Drop Throughout the Commonwealth
Tuesday, May 22, 2012
The numbers for April 2012 show rates down in 21 of 22 labor areas throughout the Commonwealth. The only labor area in the state that saw its seasonally unadjusted unemployment rate go up was Amherst. Throughout the state, the rate sits at 5.9 percent, a half a percentage point better than March’s rate of 6.4 percent.
These unemployment rates, along with job estimates and labor force statistics for Massachusetts, and all other states, come from methodologies specified by the U.S. Department of Labor’s Bureau of Labor Statistics. Over the past year, Massachusetts’ unadjusted unemployment rate has dropped 1.3 percentage points, down from 7.2 percent.
All 22 labor areas in the Commonwealth have seen their rates drop over the year. Job estimates are only published in 12 of the state’s 22 labor area, but 11 of those 12 saw an increase in jobs. The largest gains occurred in the Boston-Cambridge-Quincy, Springfield, Barnstable, Worcester and Brockton-Bridgewater-Easton areas.
The state’s seasonally adjusted statewide unemployment rate, released on May 17th, was 6.3 percent, a drop of 0.2 percentage points from March. It was also a significant drop from the 7.5 percent rate recorded in April 2011. The statewide seasonally adjusted jobs estimate showed a growth of 2,500 new jobs over the last month.
The unadjusted unemployment rates and job estimates do not take into account seasonal fluctuations, and therefore may show different levels and trends than adjusted rates.
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