The Unemployment Rate for the City of Lawrence Falls Below 13% for the First Time Since January 2008
Mayor William Lantigua announced today that the latest unemployment figure from the Merrimack Valley Workforce Investment Board for April 2012 for the City of Lawrence is 12.9%. This represents a drop of almost 5% from 17.7% in January 2010 and is the first time since January 2008 that this critical economic indicator was below 13% for the city.
“When my administration started, our country and our city were facing very dire economic circumstances and the way forward was anything but clear,” Said Mayor Lantigua. “What was clear was that the single most significant challenge we faced was finding jobs for our citizens and we immediately embarked on a very aggressive economic development program to confront this challenge. These April unemployment figures reflect a positive trend but we have a long way to go. Job creation and economic development will continue to be our highest priority.”
The reduction in the unemployment figures is consistent with recent reductions statewide. The April unemployment rate for the Commonwealth of Massachusetts was 5.9%, down from 7.2% in April 2011.
“Seeing the unemployment rate drop in Lawrence is encouraging,” said Senator Barry Finegold. “The keys to a better local economy are education and job retraining for our workforce. We need to continue to work in these areas to try to get the unemployment numbers even lower and get people back to work.”
In the past 2 years, the city has worked closely with a number of successful companies seeking to move or establish operations in Lawrence including JSB Industries, New England Utility Constructors, CVS, Walgreens and Pollo Campero.
Scott Anderson, Vice President of JSB commented, “We are proud to play a key role in the resurgence of Lawrence's economic environment. In our second year, employment in our Lawrence plant has increased by 40% due to the tremendous work ethic of both the Lawrence community as well as the Mayor and his staff. We look forward to many years of growth in the fabulous City of Lawrence.”