Tewksbury Jobless Rate Dips Sharply In 12 Months
Nearly 300 fewer residents are without work than a year ago.
The economic climate in Tewksbury continues to improve, though likely not as quickly as some might like.
According to figures release this week by the State Department of Employment and Training, unemployment in Tewksbury was at 5.4 for May. That's down from 5.5 percent in April and down considerably from 7.1 percent in May 2011.
In terms of hard numbers, Tewksbury's overall workforce is 16,555 (up from 16,499 a year ago.) Of that total, 895 are unemployed. That's down from 907 in April and down from 1,164 in May 2011.
Statewide, unemployment is at 5.8 percent for May. That's down slightly from 5.9 percent in April and down considerably from 7.1 percent in May 2011.
According to the DET report, the Greater Lowell Labor Market posted some of the best employment gains in the state in May, while also being among he state leaders in job creation.
The positive employment news comes on the heels of encouraging home sale data and the opening of the new Thermo Fisher Scientific Center for Excellence earlier this month.