Employment Snapshot - Boston-Cambridge-Nashua, MA-NH October-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 4.7% with the biggest shift in Education & Healthcare, which gained 11,800 roles, based on the most recently available information published in December 2021.

Total employment in the Boston-Cambridge-Nashua, MA-NH market rose by 20,329 jobs in October and the unemployment rate decreased compared to the prior month by 10 bps to 4.7%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.

Boston-Cambridge-Nashua, MA-NH unemployment rate is 44 bps above the national rate which is a negative sign.
Unemployment in the market is 300 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in October versus prior month by 4.8% 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 October 2021

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

Education & Healthcare: 570,900; +11,800
Business Services: 536,100; +11,000
Transportation & Utilities: 406,400; +6,000
Government: 305,500; +5,000
Restaurants & Hotels: 232,700; +3,500
Manufacturing: 185,400; +2,200
Financial Services: 181,100; -800
Construction, Mining: 129,600; +600
Other Jobs: 89,400; +200
IT & Development: 83,000; +700

Employment Change by Key Sector

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

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

Note: All reported data is not seasonally adjusted.

Boston-Cambridge-Nashua, MA-NH