Lynnfield Unemployment Hovering Just Under 5%

Lynnfield’s unemployment rate has been holding fairly steady at just under 5% in recent months, although the current numbers remain slightly higher than during the first quarter of the year.

The local unemployment rate compares favorably to the statewide average, which is 6.4%, according to state data. As of August, Lynnfield’s unemployment rate was 4.7%, down from 4.9% in July. However, the town unemployment rate sank as low as 4.2% in March before creeping back up slightly. The highest Lynnfield unemployment rate recorded in 2012 was 5.2% in February.

Below is a chart with more information about unemployment rates in area towns.

Town

Aug. 2012

July 2012

June
2012

May 2012

April 2012

March 2012

Feb. 2012

 Jan. 2012

Boston

6.6%

6.8%

6.5%

5.7%

5.5%

5.5%

6.6%

7.1%

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%

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