Boston Stats

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Category: Employment (page 1 of 2)

Boston Unemployment Rate Lower Than Nation

Nationwide, 4.4% of the American labor force is unemployed, a large improvement from the recessionary unemployment peak of 9.9% in 2010. In the Boston-Cambridge-Newton metro area, the unemployment rate of 3.6% is lower than the national figure and far lower than the city’s recessionary peak unemployment rate of 7.8%. The industry composition within a city […]

Why Doctors Earn More in Massachusetts

There are more medical doctors in the top 1% of earners than any other profession. The average salary of family and general practitioners nationwide is $192,120. Doctors who choose to specialize can earn even higher salaries. Anesthesiologists, for example, are among the highest paid medical professionals, earning about $258,000 a year on average. The average […]

Biomedical Engineers Are the Most Iconic Job in Massachusetts

Whether it is a gaming supervisor in Nevada, a farm worker in California, an extraction worker in North Dakota, or a petroleum engineer in Texas, one occupation is often more strongly associated with a state than any other. Such iconic occupations can be identified across the country, and often highlight each state’s unique contribution to […]

Massachusetts Unemployment Improves in 2016

With 2016 unemployment rates of 2.7%, New Hampshire and South Dakota replaced North Dakota as the states with the lowest unemployment rates — the Bureau of Labor Statistics reported on Tuesday. New Mexico’s 6.7% unemployment rate is the highest in the country, pushing West Virginia and Nevada out of that position. National unemployment figures were […]

Boston One of the Cities With the Most High-Tech Jobs

Economic growth has always been at the forefront of political discourse, but likely even more so since the Great Recession. How to achieve widespread prosperity has been a matter of heated debate. With the breakneck pace of technological development that has affected every aspect of our lives, many argue that advanced industries are essential to […]

Massachusetts Has Added 272,000 Jobs Since the Great Recession

The U.S. economy has changed drastically in the past decade. As the housing bubble burst and the economy spiraled into the worst recession the country has faced since the Great Depression, unemployment hit a multi-decade high of 10% in 2009. Despite major setbacks, the U.S. economy began improving in June 2009, and many parts of […]

Massachusetts is Among the Hardest States to Find Full-Time Work

More than a quarter million jobs were added to the U.S. economy in July, and the official unemployment rate remained unchanged at just under 5%, according to the latest jobs report from the Bureau of Labor Statistics. However, some of these jobs were undesired part-time positions, and the official unemployment rate often gives an incomplete […]

Boston’s Economy is Growing Faster Than Most Cities

U.S. economic output grew by 2.2% in 2014 to $15.77 trillion. Some sectors — such as the manufacturing and mining industries — grew. Others — including agriculture and government — shrank. Similarly, some metropolitan area economies grew much faster than the nation, while other city economies actually contracted. U.S. metro areas are the largest contributors […]

Boston is the 4th Best City to Find Great Jobs

When thinking of relocation, Americans consider an area’s job prospects as among the most important factors. While other factors such as the school system or the cost of housing may play a role, a job ensures the viability of the relocation. Of course, one person’s great job may not suit another person’s skill set. Still, […]

Massachusetts Ranks 21st in Most People on Disability

More than 10 million Americans received Social Security disability benefits in 2014. These benefits — paid to disabled workers, disabled widows and widowers, and some other disabled adults — totaled $11.4 billion per month nationwide, a substantial increase from the $6.1 billion paid monthly a decade earlier. The number of disability beneficiaries varies between states. […]

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