Employment Snapshot - Boston-Cambridge-Nashua, MA-NH March-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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Additional Benchmarking Resources

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Overall unemployment rate moved down to 3.3% with the biggest shift in Education & Healthcare, which gained 5,900 roles, based on the most recently available information published in April 2022.

Total employment in the Boston-Cambridge-Nashua, MA-NH market rose by 31,203 jobs in March and the unemployment rate decreased compared to the prior month by 40 bps to 3.3%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.

Boston-Cambridge-Nashua, MA-NH unemployment rate is 45 bps below the national rate which is a positive sign.
Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in March versus prior month by 6.8% 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 March 2022

For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:

Education & Healthcare: 603,100; +5,900
Business Services: 530,500; +4,100
Transportation & Utilities: 405,100; +700
Government: 308,900; +800
Restaurants & Hotels: 226,400; +4,700
Manufacturing: 181,900; +900
Financial Services: 179,400; +200
Construction, Mining: 121,900; +1,500
Other Jobs: 93,500; -300
IT & Development: 83,900; +700

Employment Change by Key Sector

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

Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Boston-Cambridge-Nashua, MA-NH