Politics & Government
Curious About Peabody's Unemployment Rate?
The Tanner City has added more than 300 jobs to the local economy over the past year and is right at the average unemployment rate for the North Shore.
The latest jobs data shows Peabody continues to hold steady just below the state unemployment rate.
The figures for November were released late last month and show the Tanner City's jobless rate at 6 percent. Massachusetts' seasonally adjusted rate was at 6.6 percent while nationally the rate was 7.7 percent.
According to state data, Peabody has maintained a lower unemployment rate than the Bay State average for the past 13 months.
Find out what's happening in Peabodywith free, real-time updates from Patch.
Additionally, in 11 of the 12 job sectors for which data is published, the Peabody area has been among the top areas in the state over the past year to add jobs.
The largest gains were in the sectors of Education and Health Services and Service Providers.
Find out what's happening in Peabodywith free, real-time updates from Patch.
On the North Shore, Peabody meets the average unemployment rate while accounting for a significant share of the jobs and the workforce. Both the labor force and number of employed residents is greater than one year ago.
The labor force was at 27,692 last November while there were 26,103 employed residents -- those numbers were at 28,129 and 26,438, respectively, for this past November.
The state office of Labor and Workforce Development captures the North Shore Workforce Investment Area for November (with seasonally unadjusted numbers) in the following chart:
City or Town Labor Force Employed Unemployed Rate Beverly 21,626 20,451 1,175 5.4 Danvers 14,680 13,894 786 5.4 Essex 1,946 1,841 105 5.4 Gloucester 15,824 14,583 1,241 7.8 Hamilton 3,692 3,549 143 3.9 Ipswich 7,383 7,006 377 5.1 Lynn 43,653 40,603 3,050 7.0 Lynnfield 5,782 5,518 264 4.6 Manchester-by-the-Sea 2,716 2,580 136 5.0 Marblehead 11,147 10,634 513 4.6 Middleton 4,132 3,925 207 5.0 Nahant 1,960 1,846 114 5.8 Peabody 28,129 26,438 1,691 6.0 Rockport 3,825 3,549 276 7.2 Salem 24,028 22,629 1,399 5.8 Saugus 14,630 13,765 865 5.9 Swampscott 7,722 7,303 419 5.4 Topsfield 3,013 2,874 139 4.6 Wenham 1,913 1,792 121 6.3Data for December will be released on Jan. 17 and 22.
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