BOSTON, MA – The state’s June total unemployment rate is down one-tenth of a percentage point at 4.9 percent following a revision to the May unemployment rate of 5.0 percent, the Executive Office of Labor and Workforce Development announced Friday.
How is the job market in Boston?
For our latest analysis on trends in the national job market, click here.
Boston Quick Facts.
| November 2020 | YoY | |
|---|---|---|
| Boston Open Jobs | 146,962 | -2.1% |
| U.S. Open Jobs | 5,548,118 | -4.6% |
| Boston Median Pay | $ 64,763 | 3.3% |
| U.S. Median Pay | $ 55,836 | 4.1% |
What was the most recent unemployment rate in Massachusetts?
The June estimates show 3,633,900 Massachusetts residents were employed and 139,400 were unemployed, for a total labor force of 3,773,300. The unemployment rate was down 0.2 percentage point at 3.7 percent from the May rate of 3.9 percent.
What state has the highest unemployment rate?
Alaska has the highest unemployment rate of 6.10%.
Unemployment Rate by State 2022.
| State | Unemployment Rate |
|---|---|
| California | 4.60% |
| Illinois | 4.60% |
| Delaware | 4.50% |
| New York | 4.50% |
What is the unemployment rate in Boston?
Boston-Cambridge-Quincy, MA-NH
| Data Series | Jan 2022 | Mar 2022 |
|---|---|---|
| Unemployment Rate(2) | 4.4 | 3.3 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 2,688.4 | 2,733.9 |
| 12-month % change | 5.0 | 5.3 |
Is it difficult to find a job in Boston?
Finding a job in Boston is not going to be easy since there is highly skilled competition in the area. Unsolicited applications might be a good idea, especially because there is a large hidden job market in the US.
Is Boston good for jobs?
Boston was boosted in Movinga’s list by high scores for standard of living and opportunities for youth and women.
The World’s Best City to Find a Job.
| Rank | City |
|---|---|
| 1 | Boston, United States |
| 2 | Munich, Germany |
| 3 | Calgary, Canada |
| 4 | Hamburg, Germany |
How is the Massachusetts economy doing?
However, Massachusetts experienced some of the most severe job losses and dramatic increases in unemployment rates in the nation during the early stages of the pandemic in 2020. Employment here remains 2.4% below peak. That’s a deficit of 89,000 jobs.
How many people are unemployed in Massachusetts right now?
180,500
Labor Force Overview
The June estimates show 3,526,500 Massachusetts residents were employed and 180,500 were unemployed, for a total labor force of 3,707,000. The unemployment rate dropped one-tenth of a percentage point over the month after a revision to the May unemployment rate of 5.0 percent.
How is the job market in Massachusetts?
After a sharp drop into recession in the spring of 2020, Massachusetts has seen a quick recovery. The state unemployment rate has fallen from a record 16 percent in April 2020 to 3.9 percent in December 2021, and we have regained more than 530,000 jobs.
What state has the most job opportunities 2022?
Outside of this, about 22.5 million Americans work in government and 12.9 million work in manufacturing. In addition to the 157 million people in the American labor force, there are about 16 million people who are self-employed.
Employment Rate by State 2022.
| State | Employment Rate |
|---|---|
| Hawaii | 97.40% |
| New Hampshire | 97.40% |
| Virginia | 97.40% |
| Alabama | 97.30% |
What state in the US has the lowest unemployment rate?
Minnesota
Unemployment Minnesota had the lowest jobless rate in June, 1.8 percent, closely followed by Nebraska, 1.9 percent. The next lowest rates were in New Hampshire and Utah, 2.0 percent each.
What state has the best economy?
Washington topped the list of best state economies, ranking third on economic activity, seventh on economic health, and second on innovation potential. Utah and California rounded out the top three state economies. At the bottom of the list were Louisiana, Alaska, and West Virginia.
What is the poverty rate in Boston?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $76,298 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $46,845 |
| Persons in poverty, percent | 18.0% |
What is NYC unemployment rate?
Developments in the New York City Labor Market
The city’s seasonally adjusted unemployment rate was 6.2 percent in June 2022, up 0.1 percent from May and a decrease of 4.3 percent from June 2021. New York State’s rate was 4.4 percent in June 2022.
What is Chicago’s unemployment rate?
Chicago-Joliet-Naperville, IL
| Data Series | Jan 2022 | May 2022 |
|---|---|---|
| Unemployment Rate(2) | 5.1 | 4.2 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(3) | 3,634.4 | 3,746.1 |
| 12-month % change | 5.5 | 4.9 |
What jobs is Boston known for?
The Most Popular Jobs in Boston
- Marketing Managers. Median Salary: $133,178.
- Software Developers. Median Salary: $106,687.
- Registered Nurses. Median Salary: $101,559.
- Management Analysts. Median Salary: $96,987.
- Medical Scientists. Median Salary: $70,533.
- Accountants and Auditors.
- Sales Managers.
- Executive Secretaries.
How is it living in Boston Massachusetts?
What’s it like to live in Boston, MA? Boston often feels like a small town with all the perks of city life. It is historic but ever-evolving. The metro area features a diverse culinary scene, access to cultural institutions, and proximity to world-class schools, employers and health care.
Why do I want to work in Boston?
Aside from offering well-paid jobs and countless opportunities for innovation and career progression, the unofficial capital of the New England region also provides a high quality of life. From summer picnics on Boston Common to cheering on the Red Sox at a packed-out Fenway Park, this city has it all.
What is the most common job in Massachusetts?
Internship
Detailed List Of The Most Common Jobs In Boston, MA
| Rank | Job Title | Count |
|---|---|---|
| 1 | Internship | 10,831 |
| 2 | Administrative Assistant | 5,845 |
| 3 | Research Assistant | 5,584 |
| 4 | Sales Associate | 4,670 |
Where is the cheapest place to live in Boston?
What are the Most Affordable Neighborhoods in Boston?
- Allston-Brighton.
- Dorchester.
- East Boston.
- Roslindale.
- Hyde Park.