Update on New England’s Unemployment Rate

February 23, 2017 Staff Labor Market 128

new england unemployment rates

Though January figures are not out yet, here’s an update on what’s happening with New England’s labor markets. New Hampshire leads the way with the lowest rate at 2.6 percent.

The state of Connecticut’s unemployment rate has decreased about 1.3 percent, starting at 5. 8 percent and ending at 4.4 percent since June, 2016. The amount of residents employed has also increased since June, 2016, to our current date. It started at 1,790 residents and is now at 1,814.

Since March 2011, Maine’s unemployment rate maintained a steady decrease until March of 2016. Decreasing from 8 percent to about 3.3 percent, however, entering into 2017, unemployment increased to 4 percent, and today, it has lowered back to around 3.8 percent.

New Hampshire’s unemployment rate has maintained a decrease as well, starting at 5.5 percent in 2011, with an outcome of 2.6 percent in 2016. Following this statistic in 2016, the unemployment rate began to increase again, however, it lowered shortly after. Since 2010, the number of employed residents has increased from 694,000 to 733,000.

Since 2013, the unemployment rate for Massachusetts has held a steady decline since 2013, starting at 6.8 percent, and is the most recent statistic from December of 2016 shows it at 2.8 percent. In 2010, Massachusetts also held a steady increase in the amount of residents employed until around 2015, where it began a slight decrease, however, it picked back up again in the middle of 2016.

Since may of 2009, Vermont’s unemployment rate has been declining a significant amount, starting at 7 percent and is now at 3.1 percent. Employment, however, has definitely taken a downfall. Starting in 2008, the amount of residents employed was at 338,000 and declined until November of 2015, where it finally started to pick up again.

In Rhode Island, the unemployment rate went down, as the employment rate did the opposite. The employment rate has been increasing, while the unemployment rate has been decreasing since the year of 2012. The unemployment rate for Rhode Island is currently at 5 percent.

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