.

Stoneham Unemployment Rate Declines

From the beginning of the year to August, Stoneham continues to see a decline in its unemployment rate.

From the beginning of the year to August, Stoneham continues to see a decline in its unemployment rate.

According to figures released by the Executive Office of Labor and Workforce Development, Stoneham's unemployment rate was 5.4 percent in June, 5.6 in July and 5.2 percent in August.

The figures likely reflect a seasonal fluctuation in employment numbers, as unemployment rates rose throughout the entire Stoneham area over the summer. One likely reason is the labor force typically grows during the summer due to the addition of out-of-school young people.

Stoneham falls in the middle of the pack for unemployment rates in the area. Winchester had the lowest unemployment rate at 4 percent.

The highest unemployment rate in the region for August was Chelsea with 8 percent.

Across the state, the unemployment rate in August was 6.4 percent. In August of 2011 it was 7.2 percent.

Below is a chart of unemployment rates for cities and towns in the Stoneham area:

Town

Aug. 2012

July 2012

June
2012

May 2012

April 2012

March 2012

Feb. 2012

 Jan. 2012

Arlington

4.2%

4.4%

4.2%

3.5%

3.5%

3.6%

4.2%

4.3%

Boston

6.6%

6.8%

6.5%

5.7%

5.5%

5.5%

6.6%

7.1%

Cambridge

4.2%

4.4%

4.2%

3.6%

3.4%

3.3%

4.1%

4.3%

Chelsea

8.0%

8.2%

8.2%

7.3%

7.5%

8.7%

10.4%

11.1%

Everett

6.7%

7.0%

6.3%

6%

5.9%*

6.5%

7.6%

7.8%

Lynnfield

4.7%

4.9%

4.6%

4.3%

4.3%

4.2%

5.2%

5%

Malden

5.8%

5.9%

5.7%

5.1%

5.2%

5.4%

6.1%

6.4%

Medford

5.3%

5.5%

5.4%

4.8%

5%

5.2%

6%

6.2%

Melrose

4.7%

4.7%

4.6%

4.2%

4.3%

4.4%

5%

5.2%

Reading

4.3%

4.6%

4.4%

4.1%

4.1%

4.2%

5.2%

5.1%

Revere

6.8%

7.1%

7.0%

6.8%

7%

7.5%

8.6%

8.9%

Saugus

5.8%

6.1%

5.9%

5.4%

5.7%

5.9%

6.9%

7.1%

Somerville

4.3%

4.5%

4.3%

3.8%

3.9%

3.9%

4.8%

5%

Stoneham

5.2%

5.6%

5.4%

5%

5.1%

5.1%

6.1%

6.5%

Wakefield

4.7%

4.9%

4.9%

4.7%

4.8%

5%

6.1%

6%

Winchester

4.0%

4.3%

4.3%

3.9%

4%*

3.8%

4.6%

4.6%

Winthrop

6.3%

6.0%

5.9%

5.8%

5.7%

5.9%

6.6%

7.3%

Woburn

5.4%

5.6%

5.4%

5.1%

5.2%

5.5%

6.6%

6.3%

Source: Executive Office of Labor and Workforce Development

Russ October 04, 2012 at 12:19 PM
Mark, Please include all of the relevant facts for a story. The story should not mislead. The rate does not include those not receiving unemployment benefits. This is a significant number that approximately doubles the rate quoted. It also does not include the under-employment rate where individuals are earning a modest percentage of the average rate in their field. Abundant infomation is available for this topic. This should not be made political issue. Russ.
Tom M October 04, 2012 at 02:13 PM
Good points Russ. My neighbor has been unemployed for 5 years. His unemployment ran out years ago. He's still waiting for that phone call with the 7 digit employment offer. Free MA Health Care, living with Mom and mowing lawns for $30 cash is his only way to survive. I don't think he's in any of these unemployment statistics. Even though our state encourages his kind of suck off the system behavior :-)
Mark Ouellette (Editor) October 04, 2012 at 02:42 PM
Russ, These are the numbers provided in the Executive Office of Labor and Workforce Development report, which do not give the additional information you're seeking. Also, we did not make this a political issue.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »