Ken
O’Brien

Eight
other communities with higher rates were either resort communities on Cape Cod
or of inconsequential size. Five are dramatically larger than Southbridge. Only
North Adams, with a rate of 6.6%, is
comparable to our town.
If there was any good news to be found in this fact
it was that from March of 2015 the rate of unemployment in Southbridge declined
by 1.3 percentage points. However, this was accompained by a 1.4% decline in the available labor force. On balance, Southbridge remained firmly ensconced
in the top 5 percent of pockets of unemployment in the state.
Southbridge Unemployment
Month
|
Year
|
Labor
Force
|
Employed
|
Unemployed
|
Area
Rate
|
Massachusetts
Rate
|
|
April
|
2015
|
8,198
|
7,667
|
531
|
6.5
|
4.1
|
|
March
|
2015
|
8,312
|
7,660
|
652
|
7.8
|
5
|
|
February
|
2015
|
8,310
|
7,611
|
699
|
8.4
|
5.4
|
|
January
|
2015
|
8,170
|
7,481
|
689
|
8.4
|
5.6
|
|
December
|
2014
|
8,173
|
7,528
|
645
|
7.9
|
4.9
|
|
November
|
2014
|
8,156
|
7,520
|
636
|
7.8
|
5
|
|
October
|
2014
|
8,102
|
7,487
|
615
|
7.6
|
5
|
|
September
|
2014
|
8,070
|
7,382
|
688
|
8.5
|
5.7
|
|
August
|
2014
|
8,132
|
7,430
|
702
|
8.6
|
5.7
|
|
July
|
2014
|
8,110
|
7,371
|
739
|
9.1
|
6
|
|
June
|
2014
|
8,148
|
7,404
|
744
|
9.1
|
6
|
|
May
|
2014
|
8,012
|
7,322
|
690
|
8.6
|
5.6
|
|
April
|
2014
|
8,035
|
7,323
|
712
|
8.9
|
5.5
|
Massachusetts' unemployment rate dipped for the eighth straight month in May, reaching its lowest point — 4.6 percent — since December 2007.
The Executive Office of Labor and Workforce Development (EOLWD) reported Thursday it was also the ninth consecutive month of job gains in the state. The new preliminary job estimates for May from the Bureau of Labor Statistics (BLS) show a gain of 7,400 positions.
The Executive Office of Labor and Workforce Development (EOLWD) reported Thursday it was also the ninth consecutive month of job gains in the state. The new preliminary job estimates for May from the Bureau of Labor Statistics (BLS) show a gain of 7,400 positions.
May's unemployment rate declined by 0.1 percentage
points from April's rate of 4.7 percent. The May rate also represents a drop of
1.2 percentage points from May 2014's jobless rate of 5.8 percent.
The state's unemployment rate is now almost a
percentage point lower than the national rate of 5.5 percent.
"We have had solid job growth in the last three
months, with approximately 30,000 jobs added in the state," Labor and
Workforce Development Secretary Ronald Walker II said in a statement. "As
more jobs are created, more people are coming back into the labor market."
Of the 7,400 jobs added in May, 7,100 were in the
private sector. Construction added 3,500 jobs, and retail trade and wholesale
trade each added 1,500. The manufacturing sector gained 600 positions and
financial activities gained 700, while transportation and warehousing lost 500
jobs, the EOLWD said.
In another positive development, the EOLWD reported
that the state's labor participation rate – the total number of residents 16 or
older who worked or were unemployed and actively sought work in the last four
weeks – ticked up 0.1 percentage point to 66.4.
The BLS also upwardly revised its April jobs figure,
reporting the state gained 11,200 jobs, instead of the 10,100 the agency
reported last month.
The unemployment rate in Massachusetts peaked in
September 2009 at 8.8 percent.
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