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The latest data from the Bureau of Labor Statistics shows a gain of 68,100 jobs in Massachusetts on a year-over-year basis, from August 2017 to August 2018. The Massachusetts unemployment rate stands at 3.6%. Nationally, the average unemployment rate stands at 3.9%.

Private-sector employment has been robust in Construction, Professional and Scientific fields. Healthcare, Education, and Leisure and Hospitality sectors remain strong as well.

Meanwhile, public-sector employment in Government Services has shown a small decline. Utilities and transportation services are also showing modest employment declines.

Here are the industries with the greatest increase in employment, on a year-over-year basis:

Construction: 7.0% increase

Professional, Scientific and Business Services: 5.0% increase

Leisure and Hospitality: 3.1% increase

Manufacturing: 1.8% increase

Education and Health Services: 1.2% increase

Financial Activities: 0.6% increase

Information Technology: 0.1% increase

Overall, Massachusetts employment levels reflect the economic vitality of the Commonwealth. The diversity of employment opportunities draw new residents, while our highly-educated workforce attracts major employers. This positive cycle is complimented by ongoing global and domestic investment activity.

Are you ready to find a new Boston Metro location to begin, relocate or expand your business? Team up with the Jay Nuss Realty Group, LLC!

Whether you are thinking of buying or leasing Boston Metro commercial real estate, we can help you find the ideal property. Contact us today for expert guidance!

Jay Nuss
Jay Nuss Realty Group, LLC
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