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Pittsfield Jobless Rate at 7 Percent
By: Executive Office of Labor & Workforce Development On: 05:43PM / Tuesday August 23, 2011
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BOSTON — Pittsfield saw its seasonally unadjusted unemployment rate drop to 7 percent during the month of July, compared to 7.8 percent jobless rate statewide.

The Executive Office of Labor and Workforce Development reported Tuesday that the July seasonally unadjusted unemployment rates were down not only in Pittsfield but also in the Framingham, Lawrence-Methuen-Salem, Peabody, Barnstable, Amherst, Great Barrington, Nantucket and Tisbury areas; unchanged in the Boston-Cambridge-Quincy, Worcester and North Adams areas and up in the remaining 10 areas.

The Pittsfield area also had the largest over-the-year growth rate at 5.4 percent followed by the Worcester area, at 3.7 percent.  

In Pittsfield, out of a work force of 41,773, 38,830 were employed. The metropolitan area had a jobless rate of 7.3 in June; a year ago, the rate was 7.9 compared to the statewide jobless rate of 8.5

Great Barrington jobless rate was 5.4 percent, down from 5.6 in June and 6.0 from a year ago.

North Adams remained the same at 8.8 percent, although that is still down from 9.4 percent a year ago. Some 1,554 were out of work in July out of a work force of 17,647.

Statewide, the July seasonally unadjusted unemployment rate remained unchanged at 7.8 percent.
 
Over-the-year, unemployment rates were lower in 21 areas and unchanged in one area. The state unadjusted unemployment rate was down 0.7 of a percentage point from the 8.5 percent rate in July 2010.
 
The Barnstable and Pittsfield areas had continued strong seasonal job growth rates at 3.6 and 3.2 percent respectively. Over-the-month, Other Services jobs increased in all 12 areas, while Leisure and Hospitality jobs increased in eight of the areas.
 
The statewide seasonally adjusted jobs estimate released on Aug. 18 showed a 12,700 job gain. The seasonally adjusted statewide July unemployment rate remained unchanged at 7.6 percent for the third consecutive month and was down 0.8 of a percentage point from the 8.4 percent rate recorded in July 2010. The Massachusetts statewide seasonally adjusted unemployment rate remains well below the national rate of 9.1 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 August 2011 unemployment rate, labor force data and jobs estimates for Massachusetts will be released on Sept. 15, 2011; local unemployment statistics will be released on Sept. 20, 2011. For more information: www.mass.gov/lmi.



Tags: unemployment      
State Added 12,700 Jobs in July
By: EOLWD On: 10:03AM / Thursday August 18, 2011
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BOSTON — The Executive Office of Labor and Workforce Development reported Thursday that the preliminary July job estimates show an increase of 12,700 jobs, for a total of 3,246,800 jobs in Massachusetts. The private sector gained 11,600 jobs. The July total unemployment rate remained at 7.6 percent, well below the national rate of 9.1 percent.
 
Six of the 10 private sectors added jobs in July with the largest over the month gains in Education and Health Services; Other Services; Trade, Transportation and Utilities; Manufacturing; Professional and Business Services; and Financial Activities. The July job gain follows a revised 9,400 job gain in June, previously reported as a 10,400 job gain.
 
Over-the-year (July 2010 to July 2011), jobs are up 56,800, for a growth rate of 1.8 percent. Private sector jobs are up 61,900, a growth rate of 2.2 percent, with gains in nine of the 10 sectors. Year-to-date, (December 2010 to July 2011), 53,000 jobs have been added in the Bay State with 58,200 jobs in the private sector.

The biggest gains were in education and health services (3,000 for a .4 percent gain). Over-the-year, this sector has added 17,300 (up 2.6 percent) jobs with health care and social assistance gaining 15,000 (up 3 percent) and educational services 2,300 (1.4 percent). Also up were other services, primarly seasonal help, which is occurring later in the season and at higher levels.
 
Trade, transportation, and utilities gained 2,900 jobs, manufacturing gained 2,400 jobs. Construction, however, lost 1,500 jobs (down 1.4 percent) following a 1,900 job gain in June.  This sector had posted job gains in each of the previous four months. Over-the-year, this sector has added 2,100 (2 percent) jobs with gains in all component industries.
 
The July estimates show 3,208,700 Massachusetts residents were employed and 263,400 were unemployed, for a total labor force of 3,472,100. Since October 2009, there are 40,300 more residents employed and 41,000 fewer residents unemployed as the labor force decreased by 700.

Local area unemployment statistics for July 2011 will be released on Tuesday, Aug. 23.

To read the entire press release, go here.



Tags: unemployment, statistics      
Berkshire Unemployment Rate Down
By: Staff Reports On: 10:40AM / Tuesday July 26, 2011
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NORTH ADAMS, Mass. — The latest state jobless rates show Berkshire County falling within the state average for the month of June with a seasonally unadjusted rate of 7.3 percent.

The Executive Office of Labor and Workforce Development is reporting a seasonally unadjusted unemployment rate for June of  7.8 percent, up 0.4 of a percentage point from the revised May rate of 7.4 percent.  A statement from the office says that reflects seasonal increases in the number of residents entering and re-entering the labor force.

Berkshire County overall added more than 2,000 jobs over the month of May, and has 1,300 fewer jobless claims than January of this year. The county also is down from January's unemployment rate of 9.2 and has seen a decrease of more than a point from last year's average unemployment rate of 8.2.

Good news, but still far from 2000's average jobless rate of 2.9 percent. The following data is taken from the EOLWD site.

Berkshire County WIA

Laborforce, Employment and Unemployment

(not seasonally adjusted)
Month    Year  Labor Force  Employed  Unemployed  Unemployment Rate
06  2011    74,644    69,167    5,477    7.3  
05  2011    72,395    67,150    5,245    7.2  
04  2011    71,665    66,228    5,437    7.6  
03  2011    72,662    66,465    6,197    8.5  
02  2011    72,983    66,503    6,480    8.9  
01  2011    73,419    66,652    6,767    9.2  
Annual  Year  Labor Force  Employed  Unemployed  Unemployment Rate
Average  2010    73,530    67,492    6,039    8.2  
Average  2009    73,209    67,487    5,722    7.8  
Average  2008    73,136    69,400    3,736    5.1  
Average  2007    73,000    69,810    3,191    4.4  
Average  2006    73,466    70,292    3,175    4.3  
Average  2005    72,646    69,485    3,161    4.4  
Average  2004    72,125    68,705    3,420    4.7  
Average  2003    72,654    68,958    3,696    5.1  
Average  2002    72,706    69,395    3,311    4.6  
Average  2001    71,082    68,590    2,492    3.5  
Average  2000    70,160    68,092    2,068    2.9  

Occupational Wage Data

is available for this area. Download an Excel file with the data


2009 Average Employment and Wages
by Industry     All Ownership

 Industry Establish-
ments  
Total  
Wages
Average   
Employment
Average    
Weekly Wage
Total, All Industries 4,816   $2,340,412,497 60,540   $743  
Agriculture, Forestry, Fishing & Hunting 29   $3,979,245 177   $432  
Mining 8   $6,023,640 108   $1,073  
Construction 596   $138,296,886 2,956   $900  
Manufacturing 171   $299,567,000 4,910   $1,173  
Utilities 14   $23,858,251 313   $1,466  
Wholesale Trade 128   $39,815,957 902   $849  
Retail Trade 692   $215,528,707 8,469   $489  
Transportation and Warehousing 98   $39,647,467 1,119   $681  
Information 89   $41,785,228 1,014   $792  
Finance and Insurance 166   $114,037,295 2,042   $1,074  
Real Estate and Rental and Leasing 140   $19,772,993 624   $609  
Professional and Technical Services 354   $163,734,693 2,575   $1,223  
Management of Companies and Enterprises 15   $17,489,855 222   $1,515  
Administrative and Waste Services 250   $74,389,528 2,082   $687  
Educational Services 92   $304,530,714 7,352   $797  
Health Care and Social Assistance 398   $496,134,129 11,453   $833  
Arts, Entertainment, and Recreation 109   $44,026,587 1,870   $453  
Accommodation and Food Services 489   $118,497,302 6,844   $333  
Other Services, Ex. Public Admin 821   $75,949,953 3,068   $476  
Public Administration 157   $103,347,066 2,440   $815  

Cities and Towns in

Berkshire County WIA

Largest Employers in

Berkshire County WIA

 



Tags: unemployment, statistics      
State Jobless Holds Steady at 7.6%
By: Staff Reports On: 10:34AM / Thursday July 21, 2011
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BOSTON — The state's unemployment remains well below the national average at 7.6 percent, according to the latest statistics from the Executive Office of Labor and Workforce Development.

Preliminary June job estimates show 3,235,100 jobs in the state, an increase of 10,400 jobs, with 10,300 jobs added in the private sector. The state's jobless rate has remained steady at 7.6 percent for two consecutive months; the national rate is 9.2 percent. Both the unemployment rate and the number of unemployed residents are the lowest since February 2009.
 
Six of the 10 private sectors added jobs in June with the largest over-the-month gains in Manufacturing followed by: Construction; Professional, Scientific and Business Services; Leisure and Hospitality; Financial Activities; and Educational and Health Services.  June's monthly gain follows a revised May monthly loss of 4,100 jobs statewide and a 1,300 job loss in the private sector. 
 
Since March, the state has added 26,600 jobs (up 0.8 percent) with a gain of 30,300 jobs ( up 1.1 percent) in the private sector.  Also in this timeframe, Construction; Manufacturing; Information; Professional, Scientific and Technical Services and Accommodation and Food Services have all posted solid job gains.
 
Over-the-year (June 2010 to June 2011), jobs are up 50,000, for a growth rate of 1.6 percent. Private-sector jobs are up 60,300, for a growth rate of 2.2 percent, with gains in eight of the ten sectors. Over-the-year, the national rate of job growth is 0.8 percent with private-sector job growth up 1.6 percent.

The June estimates show 3,224,100 Massachusetts residents were employed and 263,800 were unemployed, for a total labor force of 3,487,900. The labor force decreased by 9,400 from 3,497,300 in May, as 7,700 fewer residents were employed and 1,700 fewer residents were unemployed over-the-month.  Since October 2009, there are 55,700 more residents employed and 40,600 fewer residents unemployed as the labor force expanded by 15,100. Totals for June may not add exactly because of rounding.
 
The unemployment rate is based on a monthly sample of households, while the job estimates are derived from a monthly sample survey of employers.  As a result, the two statistics for June exhibit different trends.

Jobless rates for local areas will be released on July 26. Read the full press release here.
 



Tags: unemployment      
State Jobless Rate Drops for April
By: Department of Unemployment Assistance On: 11:39AM / Thursday May 19, 2011
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BOSTON — The Executive Office of Labor and Workforce Development reported today that the total unemployment rate in April was 7.8 percent, down 0.2 of a percentage point from the 8.0 percent March rate. The preliminary April job estimates show 3,228,000 jobs in Massachusetts, an increase of 19,500 jobs. The private sector added 20,500 jobs.

 

Job gains occurred in Leisure and Hospitality; Trade, Transportation, and Utilities; Education and Health Services; Manufacturing; Professional, Scientific, and Business Services; Financial Activities; Construction; Information; and Mining and Logging. Government and Other Services lost jobs. The April job gain follows a revised 1,300 jobs loss in March, previously reported as a 3,200 job gain. Over-the-year, jobs are up 40,800 (+1.3 percent) with private sector jobs up 47,200 (+1.7 percent). Since January 2011, 34,200 jobs have been added in the Commonwealth.

The Massachusetts unemployment rate remains below the national rate, which is 9.0 percent. In April, the number of Massachusetts residents employed grew and those unemployed decreased resulting in a decline in the unemployment rate. Trends for the labor force, unemployed residents, employed residents, the unemployment rate and jobs continue to indicate improvement for the Commonwealth's economy.



Tags: jobs, unemployment      
Page 1 of 3 1  2  3  
News Headlines
Three Berkshires Men Fighting Fires in Northwest
Pittsfield Councilors Favor Opposition to Gas Pipeline
North Adams Housing Agency Reaching Asset Deal With City
Williamstown Town, Fire Discuss Coordinating Annual Meetings
Wilber Off to Strong Start at YMCA Nationals
Berkshire Force Set to Host Softball World Series
Mount Greylock Alums Reunite to Play at Reunion
La Festa Baseball Renews Boston-North Adams Competition
Pittsfield School Building Panel Opts for New High School
Berkshire Bank Renames Its Mortgage Lending Division

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



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