Business & Tech
See How Medford's Unemployment Compares to Nearby Communities
Medford's unempoyment is hanging around 5 percent.

Medford's unemployment dropped slightly from July to August, but remains at a level nearly identical to what it was at the beginning of Summer.
According to figures released by the Executive Office of Labor and Workforce Development, Medford's unemployment rate was 5.4 percent in June, 5.5 percent in July and 5.3 percent in August.
Since the start of 2012, Medford's unemployment rate has dropped nearly one percent, according to the data.
Find out what's happening in Medfordfor free with the latest updates from Patch.
Across the state, the unemployment rate in August was 6.4 percent. In August of 2011 it was 7.2 percent.
Below is a chart of unemployment rates for cities and towns in the Medford area.
Find out what's happening in Medfordfor free with the latest updates from Patch.
Town
Aug. 2012
July 2012
June
2012
May 2012
April 2012
March 2012
Feb. 2012
 Jan. 2012
Arlington
4.2%
4.4%
4.2%
3.5%
3.5%
3.6%
4.2%
4.3%
Boston
6.6%
6.8%
6.5%
5.7%
5.5%
5.5%
6.6%
7.1%
Cambridge
4.2%
4.4%
4.2%
3.6%
3.4%
3.3%
4.1%
4.3%
Chelsea
8.0%
8.2%
8.2%
7.3%
7.5%
8.7%
10.4%
11.1%
Everett
6.7%
7.0%
6.3%
6%
5.9%*
6.5%
7.6%
7.8%
Lynnfield
4.7%
4.9%
4.6%
4.3%
4.3%
4.2%
5.2%
5%
Malden
5.8%
5.9%
5.7%
5.1%
5.2%
5.4%
6.1%
6.4%
Medford
5.3%
5.5%
5.4%
4.8%
5%
5.2%
6%
6.2%
Melrose
4.7%
4.7%
4.6%
4.2%
4.3%
4.4%
5%
5.2%
Reading
4.3%
4.6%
4.4%
4.1%
4.1%
4.2%
5.2%
5.1%
Revere
6.8%
7.1%
7.0%
6.8%
7%
7.5%
8.6%
8.9%
Saugus
5.8%
6.1%
5.9%
5.4%
5.7%
5.9%
6.9%
7.1%
Somerville
4.3%
4.5%
4.3%
3.8%
3.9%
3.9%
4.8%
5%
Stoneham
5.2%
5.6%
5.4%
5%
5.1%
5.1%
6.1%
6.5%
Wakefield
4.7%
4.9%
4.9%
4.7%
4.8%
5%
6.1%
6%
Winchester
4.0%
4.3%
4.3%
3.9%
4%*
3.8%
4.6%
4.6%
Winthrop
6.3%
6.0%
5.9%
5.8%
5.7%
5.9%
6.6%
7.3%
Woburn
5.4%
5.6%
5.4%
5.1%
5.2%
5.5%
6.6%
6.3%
Source:Â Executive Office of Labor and Workforce Development
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