Massachusetts Employment Analysis
( Data Date : October 2017 )
Massachusetts Employment Data
Owning New England’s largest population and Boston, its largest city, Massachusetts is the most economically significant state in the region. The Bay State has a diverse set of industries fueling growth, including professional services; trade and transportation; education and health Services; and leisure and hospitality. However, the majority of unemployed individuals in the state have a high school degree or less, meaning there is a real education and skill gap between many who need jobs and the firms looking to employ them. Retooling these skills is a key to fostering future growth. (Source: Executive Office of Labor and Workforce Development)
The latest employment scorecard for the State of Massachusetts for August 2016 to August 2017 is listed below, based on data from the U.S. Bureau of Labor Statistics. The employment scorecard for Massachusetts is quite positive. The labor force increased by a strong 2.62 percent, and the labor force participation rate increased 1.2 percent, to 66.1 percent. The unemployment rate increased 0.8 percent to 4.2 percent. Increasing unemployment rates are usually cause for concern, and there is reason to watch closely in this case. However, with the labor force and labor force participation rates growing as they are in Massachusetts, an increase in the unemployment rate to a still decent 4.2 percent may simply reflect the time gap of people entering the labor force and actually starting a new job. You can view what jobs are available in Massachusetts, as well as which sectors of the economy are growing most quickly, on our Job Listings page.
Massachusetts Employment Data:
Massachusetts Unemployment Rate Trends (% change)
Employment information is based on data provided by the U.S. Bureau of Labor Statistics (BLS).
Graphs and charts are based on monthly data from 2000 to present (BLS reports monthly data a month to six weeks after the close of each month).
The data MuniNet Guide uses and presents is seasonally adjusted.