Steady Recovery Seen in Cape Employment

Jan 25, 2012 by

By ROBERT GOLD
rgold@capecodonline.com
January 25, 2012

The jobless rate for the Cape and Islands dropped more than 1.5 percentage points last month from December 2010, according to state statistics released Tuesday.

The Cape and Islands unemployment rate for last month was 8.5 percent, compared with 10.1 percent for December 2010.

The statewide rate last month was 6.5 percent, an improvement from 8 percent in December 2010.

Neither the state nor regional numbers are seasonally adjusted.

The number of employed people on the Cape and Islands last month was 123,915 compared with 121,804 for December 2010.

David Augustinho, executive director of the Cape and Islands Workforce Investment Board, said the jobless rate was lower every month last year compared with the same time period in 2010.

He called the improvement the sign of a “slow, steady recovery.”

The unemployment rate in November 2011 for the Cape and Islands was 7.6 percent. There were about 1,200 more employed in November.

“That is mild for us and well within the normal seasonality,” Augustinho said about the higher jobless rate in December compared with November.

The highest unemployment rate for the Cape and Islands in 2011, according to the state report, was 12.6 percent in January. The lowest rate was 5.7 percent in August.

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