Boston jobs grow
Posted on July 26, 2018
Recent labor statistics show that Boston jobs are climbing.
Local unemployment rates decreased in two labor market areas, increased in twenty-one areas and remained the same in one labor market area in the state during the month of June, the Executive Office of Labor and Workforce Development reported.
Compared to June 2017, the rates dropped in fifteen labor market areas, remained the same in four areas and increased in five labor market areas.
Twelve of the fifteen areas for which job estimates are published recorded a seasonal job gain in June. The largest gains occurred in the Boston-Cambridge-Newton, Barnstable, Lowell-Billerica-Chelmsford, Pittsfield, and Framingham areas. The Leominster-Gardner, Brockton-Bridgewater-Easton and Peabody-Salem-Beverly areas lost jobs over the month.
From June 2017 to June 2018, thirteen of the fifteen areas added jobs, with the largest percentage gains in the Lynn-Saugus-Marblehead, Haverhill-Newburyport-Amesbury, Lowell-Billerica-Chelmsford, Boston-Cambridge-Newton, Taunton-Middleborough-Norton, and Brockton-Bridgewater-Easton areas. The Peabody-Salem-Beverly area’s jobs level remained unchanged over the year while the Framingham area lost jobs.
In order to compare the statewide rate to local unemployment rates, the Bureau of Labor Statistics estimates the statewide-unadjusted unemployment rate for June was 3.9 percent.
Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of June remained at 3.5 percent for the ninth consecutive month.
The statewide seasonally adjusted jobs estimate showed a 21,400 job gain in June, and an over-the-year gain of 63,200 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.