Latest Seasonally Unadjusted Job and Unemployment Estimates for Local Labor Markets in Massachusetts
BOSTON MA – April 22, 2014 – The Executive Office of Labor and Workforce Development (EOLWD) today reported that the seasonally unadjusted unemployment rates for March dropped in twenty labor market areas and rose in two areas according to the Bureau of Labor Statistics. Over the year unemployment rates fell in twenty-one areas and increased in one.
The preliminary statewide unadjusted unemployment rate estimate for March was 6.6 percent, down 0.2 of a percentage point from February. Over the year, the statewide unadjusted rate was down 0.5 of a percentage point from the March 2013 rate of 7.1 percent.
During March, eleven of twelve areas for which job estimates are published recorded seasonal job gains while one area lost jobs. The largest job gain was in the Boston-Cambridge-Quincy area followed by the Worcester, Springfield, Barnstable, and Brockton-Bridgewater-Easton areas. The Pittsfield area recorded a loss of jobs. Since last March, eleven of the twelve areas added jobs with the largest percentage gains in the Haverhill-North Andover-Amesbury, New Bedford, Boston-Cambridge-Quincy, and Leominster-Fitchburg-Gardner areas. The Pittsfield area lost jobs.
The seasonally adjusted statewide March unemployment rate, released on April 17th, was 6.3 percent, down 0.2 of a percentage point over the month and down 0.6 of a percentage point over the year. The statewide seasonally adjusted jobs estimate showed an 8,100 job gain in March and an over the year gain of 50,400 jobs.
The labor force, unemployment rates and jobs estimates for Massachusetts, and for 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.
NOTES: The preliminary April 2014 and revised March 2014 unemployment rate, labor force data, and jobs estimates for Massachusetts will be released on May 15, 2014; local unemployment statistics will be released on May 20, 2014. Detailed labor market information is available at www.mass.gov/lmi. See the 2014 Media Advisory annual schedule for complete listing of release dates.
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