Employment Snapshot - Boston-Cambridge-Nashua, MA-NH July-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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Overall unemployment rate moved up to 5.3% with the biggest shift in Government, which lost 16,000 roles, based on the most recently available information published in September 2021.

Total employment in the Boston-Cambridge-Nashua, MA-NH market rose by 12,167 jobs in July and the unemployment rate increased compared to the prior month by 30 bps to 5.3%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.

Boston-Cambridge-Nashua, MA-NH unemployment rate is 36 bps below the national rate which is a positive sign.
Unemployment in the market is 460 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in July versus prior month by 3.4% 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 July 2021

For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:

Education & Healthcare: 557,400; +4,100
Business Services: 531,700; +5,700
Transportation & Utilities: 401,700; -3,400
Government: 280,300; -16,000
Restaurants & Hotels: 244,400; +13,700
Financial Services: 183,900; +100
Manufacturing: 183,400; +1,500
Construction, Mining: 129,000; +3,400
Other Jobs: 93,000; +4,200
IT & Development: 83,000; +2,600

Employment Change by Key Sector

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

Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Boston-Cambridge-Nashua, MA-NH