2015 ‘By the Numbers’ – A Look at the Year in Review

As 2015 comes to a close, we pulled key data points to illustrate the state of our jobs market.


We found that:




  • The BLS released its Occupational Outlook handbook which predicts that jobs in healthcare and social assistance, professional and business services, leisure and hospitality, and construction will see growth over the next several years, while jobs in manufacturing and federal government will decrease.


  • Employers estimate wages will increase by an average of 3 percent in 2016, compared with the average annual increase of 2 percent that we’ve seen for the past five years, according to this Bloomberg article.


  • Private-industry employers in New England spend an average of $37.64 per hour worked on employee compensation, compared to the national average of $31.53 per hour worked. Wages and salaries accounted for 70.5 percent of New England employers’ total compensation costs, while benefits accounted for 29.5 percent.


  • Nearly half (49 percent) of U.S. employers continue to seek workers with skills in STEM (science, technology, engineering and math) and 55 percent said finding the right talent remains a challenge, according to a recent quarterly survey.

Massachusetts Unemployment Rates Drops to 6.5%, Lowest Rate in Over 3 Years

According to the Massachusetts Executive Office of Labor and Workforce Development, the state’s unemployment rate fell to 6.5 percent in March, down from 6.9 percent in February and the lowest rate since November 2008. Massachusetts added 8,700 jobs in March.

The sectors that gained the most jobs in Massachusetts were Professional, Scientific and Business Services; Trade, Transportation and Utilities; and the Education and Health Services sectors.

Massachusetts’ unemployment rate remains lower than the national average, which is 8.2 percent.

Massachusetts Unemployment Rate Continues to Hold Steady

The Massachusetts Executive Office of Labor and Workforce Development released the state’s unemployment numbers for February today and Massachusetts continues to hold steady at 6.9 percent for the third month in a row. The Massachusetts economy added 9,100 jobs in February and the agency revised its number for January by reporting that the local economy added 13,900 jobs that month instead of the 6,600 jobs previously reported.