Summer Employment Numbers and an Exciting New Program

Oct 2, 2014 by

Written by David Augustinho
Barnstable Patriot
September 26th 2014
This time of year we usually hear business owners asking each other “How was your summer?”It is great to be able to report that on the whole the business community enjoyed a busy summer. Lots of nice weather combined with a recovering economy made for a good summer season, at least from what I am hearing.The employment numbers for the summer would appear to back up that assessment. From May to August our unemployment rate on the Cape averaged 4.9 percent, a pretty low rate. For the same period, the unemployment rate for the state of Massachusetts was 5.7 percent, nearly 1 percent higher.For the same period last year the Cape’s unemployment rate averaged 6.1 percent while Massachusetts’ rate for that period in 2013 was 7.1percent. So for the past two summers the Cape has had about 1percent lower unemployment than the state.Our current rate for August of 2014, which is the most recent period reported, is a sparkling 4.8 percent. The state is currently at 6.0 percent, more than 1percent higher.

Let’s look at some of the towns and sub-regions unemployment rates to see how we get to the Barnstable County rate. The Upper Cape area towns averaged 5.4 percent unemployment in August. Individually it breaks down to: Falmouth 4.8 percent, Bourne 6.3percent, Mashpee 4.9 percent and Sandwich 5.4 percent.

The Mid Cape averaged 4.9 percent unemployment. The town break down is: Barnstable 4.4 percent, Dennis 5.1 percent and Yarmouth 5.1 percent.

The Lower Cape average is 3.9 percent. The five towns of the Lower Cape break down this way: Brewster 3.8 percent, Harwich 4.4 percent, Chatham 3.8 percent, Orleans 3.8 percent and Eastham 3.6 percent. What the heck happened in Harwich?

Finally in the Outer Cape the average unemployment rate was 3.1 percent with the town breakdown being: Provincetown 2.9 percent, Truro 3.1 percent and Wellfleet 3.3 percent.

Given the current state unemployment rate of 6 percent and the federal rate of 6.1 percent I would say that our region is doing very well. We will certainly see our rates rise above the state and national rates as we go through the winter months, but on the whole our region is more than holding its own when it comes to average annual employment.

I want to take a moment to make readers aware of an exciting new initiative that the Cape & Islands Workforce Investment Board is sponsoring. We are partnering with Cape Cod Young Professionals to present a series of career development events titled Mentor Monday. The first of these events, “It’s all about you: Taking control of your career on the Cape,” will be held on September 29, 2014, from 6:00 p.m. to 7:30 p.m. at Alberto’s Restaurant in Hyannis. The session will focus on matching your strengths, goals, and market realities to create patterns of success.

The Mentor Monday sessions are part of CCYP’s Career Connect Mentor Exchange. The program addresses concerns of young professionals who are seeking advice and guidance from experienced leaders in the Cape Cod community.

Mentor Monday is an new program that is, in essence, speed mentoring. There will be a different topic every month and each event features dinner and a presentation, followed by small group mentoring opportunities. We are planning to hold the monthly Monday Mentor sessions through May of 2015. Mentor Monday is a pillar of the Mentor Exchange program, which is designed to help young professionals start or advance their careers or businesses.  Mentor Monday is open to all, whether or not they are enrolled in the full mentoring program.

For more information or to enroll in the September 29th session visit the CCYP web site at http://www.capecodyoungprofessionals.org.

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