Employment Snapshot - Boston-Cambridge-Nashua, MA-NH May-2021

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

Market Employment Summary

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Additional Benchmarking Resources

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Overall unemployment rate moved up to 5.5% with the biggest shift in Restaurants & Hotels, which gained 14,500 roles, based on the most recently available information published in June 2021.

Total employment in the Boston-Cambridge-Nashua, MA-NH market rose by 10,207 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 5.5%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.

Boston-Cambridge-Nashua, MA-NH unemployment rate is 0 bps above the national rate which is a negative sign.
Unemployment in the market is 950 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in May versus prior month by 2.1% and are up compared to last year at this time in the market.

Month over Month Unemployment Change

Year over Year Unemployment Change

Boston-Cambridge-Nashua, MA-NH Unemployment May 2021

For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:

Education & Healthcare: 553,900; -6,500
Business Services: 518,000; +3,200
Transportation & Utilities: 399,500; +2,200
Government: 302,500; -200
Restaurants & Hotels: 207,700; +14,500
Financial Services: 183,000; +300
Manufacturing: 178,300; +100
Construction, Mining: 122,100; +4,700
Other Jobs: 85,900; +700
IT & Development: 79,400; -200

Employment Change by Key Sector

Boston-Cambridge-Nashua, MA-NH Unemployment by Industry May 2021

Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Boston-Cambridge-Nashua, MA-NH