The New England Information Office of the U.S. Bureau of Labor Statistics (BLS) has released unemployment numbers for the component divisions of the Boston-Cambridge-Quincy, Mass-N.H. New England City and Town Area (NECTA) for October 2014. These data are supplied by the Local Area Unemployment Statistics (LAUS) program which produces monthly and annual employment, unemployment, and labor force data for Census regions and divisions, states, counties, metropolitan areas, and many cities, by place of residence. Some highlights in the release are attached below.
· The Nashua, N.H.-Mass. division reported the lowest unemployment rate in the Boston-Cambridge-Quincy, Mass.-H.H. Metropolitan New England City and Town Area (NECTA), at 3.8 percent in October 2014.
· Among the other eight divisions in the Boston NECTA, unemployment rates ranged from 4.1 percent in Framingham, Mass. to 8.0 percent in Lawrence-Methuen-Salem, Mass.-N.H. The unemployment rate in Lawrence as well as the 5.6 percent jobless rate in the Brockton-Bridgewater-Easton, Mass. division were both above the national average which stood at 5.5 percent in October 2014.
· In October 2014, all nine divisions had unemployment rates that were lower than they were one year earlier. Eight of the divisions had decreases that were greater than the national rate of decline (-1.5 percentage point) led by Lawrence-Methuen-Salem which had a drop of 3.0 percentage points over the year.
· Jobless rates in all nine of the Boston area divisions were below their 2012 levels as well. Over the two year period, jobless rate declines ranged from a drop of 0.9 percentage point in Framingham to a drop of 2.5 percentage points in Lawrence-Methuen-Salem. The national jobless rate decline was 2.0 points.© Copyright 2015 Tanna K, All rights Reserved. Written For: Tinytown Unleashed