For Immediate Release:
|March 28, 2023|
Contact: Michele Campbell 617-626-7108
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|Latest Seasonally Unadjusted Unemployment and Job Estimates for Local Labor Markets in Massachusetts|
BOSTON, MA March 28, 2023 --- Local unemployment rates increased in nineteen labor market areas, decreased in two areas and remained unchanged in three labor market areas in the state during the month of February 2023 compared to January 2023, the Executive Office of Labor and Workforce Development reported.
Compared to February 2022, the rates were down in twenty-one labor market areas, increased in one area and remained unchanged in two labor market areas.
Of the fifteen areas for which employment estimates are published, ten NECTA areas gained jobs compared to the previous month. The largest increases occurred in the Springfield MA-CT (+1.5%), Brockton-Bridgewater-Easton (+1.0%), and Pittsfield (+0.8%) areas.
From February 2022 to February 2023, fifteen areas gained jobs with the largest percentage increases seen in the Barnstable Town (+5.8%), Peabody-Salem-Beverly (+3.7%), and Springfield MA-CT (+3.4%) areas.
The statewide seasonally adjusted preliminary jobs estimate showed an increase of 3,000 jobs in February, and an over-the-year gain of 91,700 jobs.
In order to compare the statewide rate to local unemployment rates, the U.S. Department of Labor’s Bureau of Labor Statistics estimates the statewide unadjusted unemployment rate for February 2023 was 4.2 percent, up one-tenth of a percentage point from the revised January 2023 estimate and three-tenths of a percentage point above the nation’s unadjusted unemployment rate of 3.9 percent.
Last week, the Executive Office of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of February 2023 was 3.7 percent, up two-tenths of a percentage point from the revised January 2023 estimate of 3.5 percent. The Bureau of Labor Statistics reported the nation’s seasonally adjusted unemployment rate for February 2023 was 3.6 percent.
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.
The estimates for labor force, unemployment rates, and jobs for Massachusetts are based on different statistical methodology specified by the Bureau of Labor Statistics.
NOTES: The preliminary March 2023 and the revised February 2023 unemployment rates, labor force data and jobs estimates for Massachusetts will be released on Friday, April 21, 2023; local unemployment statistics for March 2023 will be released on Tuesday, April 25, 2023. Detailed labor market information is available at https://www.mass.gov/EconomicResearch . See the 2023 Media Advisory for complete list of release dates.
|Monthly Unemployment area comparisons||Monthly Employment area comparisons|
|Most recent month Unemployment all MA cities and towns|
|Statewide Seasonally Adjusted Unemployment||Statewide Seasonally Adjusted Employment|
|Statewide Not Seasonally Adjusted Unemployment||Statewide Not Seasonally Adjusted Employment|
|Labor Force and Unemployment Data||Current Employment Statistics Data|
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Massachusetts Department of Unemployment Assistance
Department Economic Research
This workforce product was funded by a grant awarded by the U.S. Department of Labor's Employment and Training Administration. (more...)