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

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 stayed flat at 3.0% with the biggest shift in Restaurants & Hotels, which gained 13,100 roles, based on the most recently available information published in June 2022.

Total employment in the Boston-Cambridge-Nashua, MA-NH market declined by 2,801 jobs in May and the unemployment rate stayed flat. The national unemployment rate increased by 4 bps over the same time to 3.4%.

Boston-Cambridge-Nashua, MA-NH unemployment rate is 38 bps below the national rate which is a positive sign.
Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in May versus prior month by 5.3% 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 May 2022

For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:

Education & Healthcare: 597,800; -6,400
Business Services: 541,700; +100
Transportation & Utilities: 408,300; +400
Government: 309,200; +1,400
Restaurants & Hotels: 253,200; +13,100
Manufacturing: 184,800; +1,200
Financial Services: 178,300; -100
Construction, Mining: 130,400; +3,500
Other Jobs: 95,000; -400
IT & Development: 85,800; +500

Employment Change by Key Sector

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

Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Boston-Cambridge-Nashua, MA-NH