.

Employed for the Holidays: Belmont's Unemployment Drops

Falls from its highest percentage in the past 12 months.

After hitting a 12-month high in October, the number of unemployed Belmont residents has decreased in November to where the rate is approximately half the national level.

According to the state's Executive Office of Labor and Workforce Development, 63 residents found employment in November as the number of the unemployed in Belmont fell to 566 residents, a 4.2 percent non-seasonally adjusted rate. 

The unemployment rate dipped from 4.6 percent in October when 629 residents were without work.

The 4.2 percent is below the 6.1 percent for the state in October and the US's 7.7 percent. The current unemployment rate is nearly 50 percent lower then the high water mark for unemployment in Belmont for the past 10 years when, in June 2009, 851 residents found themselves looking for work, 6.6 percent of the work force.

The lowest unemployment rate in the past decade was in April 2007 when only 317 residents, or 2.5 percent, could not find work.

Month (2012) Employment Unemployed Unemployed (%) State Unemployed (%) January 12,679 583 4.4 7.7 February 12,702 575 4.3 7.5 March 12,806 480 3.6 6.4 April  12,878 524 3.9 5.9 May 12,920 532 4.0 5.8 June 13,096 607 4.4 6.3 July 12,987 594 4.4 6.6 August 13,034 577 4.2 6.4 September 12,913 597 4.4 6.4 October 13,050 629 4.6 6.2 November 13,018 566 4.2 6.1

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