Wakefield Unemployment Rate Largely Unchanged Since Spring

Wakefield’s unemployment rate is well below the state average and it has also fallen noticeably since the first of the year.

As of the end of August, Wakefield’s unemployment rate stood at 4.7%, compared to 6.4% for the state.  Wakefield started 2012 with a 6% unemployment rate and saw that figure drop to 5% by the end of March.

Over the past five months however, Wakefield’s unemployment rate has barely changed at all. In April the local unemployment rate was 4.8% - and any monthly variations to that figure since have been only 0.1% either up or down.

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