Employment Snapshot - Boston-Cambridge-Nashua, MA-NH June-2022

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 3.2% with the biggest shift in Restaurants & Hotels, which gained 15,800 roles, based on the most recently available information published in August 2022.

Total employment in the Boston-Cambridge-Nashua, MA-NH market rose by 33,014 jobs in June and the unemployment rate increased compared to the prior month by 20 bps to 3.2%. The national unemployment rate increased by 46 bps over the same time to 3.8%.

Boston-Cambridge-Nashua, MA-NH unemployment rate is 64 bps below the national rate which is a positive sign.
Unemployment in the market is 260 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in June versus prior month by 4.3% and are down 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 June 2022

For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:

Education & Healthcare: 592,000; -5,700
Business Services: 551,100; +9,400
Transportation & Utilities: 415,600; +5,900
Government: 302,700; -5,900
Restaurants & Hotels: 268,200; +15,800
Manufacturing: 185,400; +1,000
Financial Services: 179,900; +1,600
Construction, Mining: 134,200; +3,900
Other Jobs: 98,700; +3,400
IT & Development: 87,300; +1,700

Employment Change by Key Sector

Boston-Cambridge-Nashua, MA-NH Unemployment by Industry June 2022

Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Boston-Cambridge-Nashua, MA-NH