Page 10 THE REVERE ADVOCATE – FRIDAY, MARCH 29, 2024 Latest Seasonally Unadjusted Unemployment and Job Estimates for Local Labor Markets in Mass. for February 2024 BOSTON, MA — March 26, 2024 — Local unemployment rates increased in twenty-two labor market areas and remained unchanged in two labor market areas in the state during the month of February 2024 compared to January 2024, the Executive Offi ce of Labor and Workforce Development reported. Compared to February 2023, the rates were down in twentyfour labor market areas. Of the fi fteen areas for which employment estimates are published, fourteen NECTA areas gained jobs compared to the previous month. The largest percentage increases occurred in the Brockton-BridgewaterEaston (+1.3%), Springfi eld MACT (+1.1%), and LeominsterGardner (+1%) areas. From February 2023 to FebMPCU Business Banking: The Account That EMPOWERS YOU! • No Fee Checking • Free Online Banking & Bill Pay* • No ATM Fees @ over 30,000 Locations • No Minimums • Mobile App: Bank Anywhere We know your value in the community! Apply online at memberspluscu.org/business-accounts memberspluscu.org 781-905-1500 MEDFORD NORWOOD DORCHESTER EVERETT PLYMOUTH *Mobile carrier fees may apply. WINCHESTER ruary 2024, twelve areas gained jobs with the largest percentage increases seen in the Barnstable Town (+5.7%), Lynn-Saugus-Marblehead (+2.9%), and Pittsfi eld (+2.3%) areas. The statewide seasonally adjusted preliminary jobs estimate showed an increase of 6,300 jobs in February, and an over-the-year gain of 24,800 jobs. In order to compare the statewide rate to local unemployment rates, the U.S. Department of Labor’s Bureau of Labor Statistics estimates the statewide unadjusted unemployment rate for February 2024 was 3.7%, up 0.2 percentage points from the revised January 2024 estimate and was the 0.5 percentage points below the nation’s unadjusted unemployment rate of 4.2%. Last week, the Executive Offi ce of Labor and Workforce Development reported the statewide seasonally adjusted unemployment rate in the month of February 2024 was 2.9%, down 0.1 percentage point compared to the revised January 2024 estimate. The Bureau of Labor Statistics reported the nation’s seasonally adjusted unemployment rate for February 2024 increased by 0.2 percentage points overthe-month to 3.9%. The unadjusted unemployment rates and job estimates for the labor market areas refl ect seasonal fl uctuations and therefore may show diff erent levels and trends than the statewide seasonally adjusted estimates. The estimates for labor force, unemployment rates, and jobs for Massachusetts are based on diff erent statistical methodology specifi ed by the Bureau of Labor Statistics. NOTES: The preliminary March 2024 and the revised February 2024 unemployment rates, labor force data and jobs estimate for Massachusetts will be released on Friday, April 19, 2024; local unemployment statistics for March 2024 will be released on Tuesday, April 23, 2024. Detailed labor market information is available at http:// www.mass.gov/EconomicResearch. See the 2024 Media Advisory for complete list of release dates. BBB Tip: Don’t let solar eclipse excitement block good judgment here’s a lot of excitement surrounding the total solar eclipse that will be seen in much of North America on April 8, 2024. Many people are planning to travel to the cities in the eclipse’s path of totality to catch a glimpse of it in person. The Better Business Bureau (BBB) wants to enjoy yourself while also staying safe and supporting businesses you can trust. Check out the tips below if you’re planT ning eclipse-related activities Travel tips: With a rare event like this, you can expect crowds and plenty of traffi c. If you do not live in the path of the eclipse and are planning to travel, pack your patience, know that hotels will be booked, and be prepared to potentially pay higher prices. Always use reputable vaECLIPSE | SEE Page 21

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