Mayor James J. Fiorentini > Press Release

November 28, 2007
FOR IMMEDIATE RELEASE:

Haverhill Unemployment Rate Plunges to lowest rate since May, 2001.

Haverhill- Mayor James J. Fiorentini announced that Haverhill’s unemployment fell in October to 4.0%, the lowest such recorded rate in Haverhill in six and a half years. The last time the City’s unemployment rate was lower was in May of 2001, according to official labor market figures from the Massachusetts Division of Career Services.

“I’m pleased to report that our employment figures reveal that we’re finally recovering from the disastrous events of the early part of this decade—including the Recession, 9/11, and the decline of Lucent Technologies,” stated the Mayor. “These figures reveal that Haverhill truly is coming back. We’re on the move in the right direction.”

“There’s a lot of reasons for this drop in unemployment, but it’s not a coincidence that the recent sharp drops in unemployment claims in Haverhill correspond with new job growth— including the opening of BJ’s, Target and the pre-hiring underway by Lowes,” noted the Mayor.

“We’re committed to doing even more to make Haverhill a great place to live and work,” added the Mayor.