Employment Snapshot - Boston-Cambridge-Nashua, MA-NH April-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 down to 5.4% with the biggest shift in Restaurants & Hotels, which gained 15,100 roles, based on the most recently available information published in June 2021.

Total employment in the Boston-Cambridge-Nashua, MA-NH market rose by 11,769 jobs in April and the unemployment rate decreased compared to the prior month by 50 bps to 5.4%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.

Boston-Cambridge-Nashua, MA-NH unemployment rate is 35 bps below the national rate which is a positive sign.
Unemployment in the market is 1,020 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) declined in April versus prior month by -0.7% 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 April 2021

For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:

Education & Healthcare: 560,800; +2,300
Business Services: 513,600; +10,800
Transportation & Utilities: 397,600; +1,400
Government: 302,600; +1,400
Restaurants & Hotels: 193,700; +15,100
Financial Services: 182,400; +800
Manufacturing: 178,400; +500
Construction, Mining: 117,400; +4,200
Other Jobs: 85,100; +1,500
IT & Development: 79,400; +700

Employment Change by Key Sector

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

Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Boston-Cambridge-Nashua, MA-NH