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LATEST JOB AND UNEMPLOYMENT ESTIMATES FORLOCAL LABOR MARKETS IN THE COMMONWEALTH

BOSTON Tuesday, August 21, 2012 The Executive Office of Labor and Workforce Developmenttoday reported that the July 2012 seasonally unadjusted unemployment rates were down in theBarnstable, Amherst, Nantucket and Tisbury areas; unchanged in the North Adams area; and up in theother seventeen areas over the month. Over the year, the rates are down in all twenty two labor areas.Statewide, the July seasonally unadjusted unemployment rate was 6.6 percent, up 0.3 of a percentagepoint from 6.3 percent recorded in June. Over the year, the statewide unadjusted rate was down 0.9 of apercentage point from the July 2011 unadjusted rate of 7.5 percent.

In July 2012, over the month job gains occurred in three of the twelve areas that estimates arepublished. The largest gains occurred in the Barnstable, Pittsfield, and Peabody areas. The Barnstablearea had the largest over the month rate of job growth due to seasonal gains. Over the year, nine of the twelve areas added jobs with the largest percentage gains in the Peabody,Barnstable, and Boston-Cambridge-Quincy areas.The seasonally adjusted statewide July unemployment rate, released on August 16th, was 6.1 percent,an increase of 0.1 of a percentage point over the June 6.0 percent, and down 1.3 percentage points fromthe 7.4 percent rate recorded in July 2011. The statewide seasonally adjusted jobs estimate showed a1,600 job gain over the month.The labor force, unemployment rates and jobs estimates, for Massachusetts and for every other state, arebased on statistical methodologies specified by the U.S. Department of Labors Bureau of LaborStatistics.The unadjusted unemployment rates and job estimates for the labor market areas reflect seasonalfluctuations and therefore may show different levels and trends than the statewide seasonally adjustedestimates.

NOTES: The August 2012 unemployment rate, labor force data, and jobs estimates for Massachusettswill be released on September 20, 2012; local unemployment statistics will be released on September 25,2012. Detailed labor market information is available atwww.mass.gov/lmi. See the2012 Media Advisoryannual schedule for complete listing of release dates. Follow LWD:twitter.com/MassLWD http://jobs.blog.state.ma.us/

Report Unemployment Fraud by Calling the Department of Unemployment Assistances Fraud Hotline @1-800-354-9927or visit:www.mass.gov/lwd/ui-fraud

http://www.mass.gov/lmihttp://www.mass.gov/lmihttp://www.mass.gov/lmihttp://lmi2.detma.org/lmi/Newsrelease/media2012.pdfhttp://lmi2.detma.org/lmi/Newsrelease/media2012.pdfhttp://lmi2.detma.org/lmi/Newsrelease/media2012.pdfhttp://www.twitter.com/MassLWDhttp://www.twitter.com/MassLWDhttp://www.twitter.com/MassLWDhttp://jobs.blog.state.ma.us/http://jobs.blog.state.ma.us/http://www.mass.gov/lwd/ui-fraudhttp://www.mass.gov/lwd/ui-fraudhttp://www.mass.gov/lwd/ui-fraudhttp://www.mass.gov/lwd/ui-fraudhttp://jobs.blog.state.ma.us/http://www.twitter.com/MassLWDhttp://lmi2.detma.org/lmi/Newsrelease/media2012.pdfhttp://www.mass.gov/lmi