Employment Snapshot - Boston-Cambridge-Nashua, MA-NH January-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

Explore unemployment data from Mployer Advisor. Our visual, interactive tools let you sort and customize data to easily find the information you need.

Use the Tool

Additional Benchmarking Resources

In addition to unemployment information, Mployer Advisor offers the following resources for employers and HR professionals:

> Link to salary benchmarking tool > Link to insurance broker commission calculator

Overall unemployment rate moved up to 6.8% with the biggest shift in Restaurants & Hotels, which lost 9,700 roles, based on the most recently available information published in March 2021.

Total employment in the Boston-Cambridge-Nashua, MA-NH market rose by 30,735 jobs in January and the unemployment rate increased compared to the prior month by 30 bps to 6.8%. The national unemployment rate increased by 31 bps over the same time to 6.8%.

Boston-Cambridge-Nashua, MA-NH unemployment rate is 1 bps below the national rate which is a positive sign.
Unemployment in the market is 380 bps above the unemployment rate in the market last year at this time, which is a negative.
Average wages (per hour) grew in January versus prior month by 7.5% 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 January 2021

For key employment segments of the market, total jobs declined by -1.6%. Key sectors include:

Education & Healthcare: 543,000; -5,000
Business Services: 495,400; -7,100
Transportation & Utilities: 399,000; -9,600
Government: 293,700; -6,100
Financial Services: 181,100; +1,200
Manufacturing: 175,300; -1,800
Restaurants & Hotels: 165,600; -9,700
Construction, Mining: 113,800; -6,200
Other Jobs: 84,300; +100
IT & Development: 79,200; +2,400

Employment Change by Key Sector

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

Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Boston-Cambridge-Nashua, MA-NH