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Boston Suburbs : Industrial Snapshot - Q1 2013

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Boston, MA - Suburbs : Industrial Snapshot - Q1 2013

According to the U.S. Bureau of Labor Statistics (BLS) the unemployment rate for Massachusetts declined 0.2 percentage points (pp) to 6.5% in February. The state unemployment rate has not been this low since 2008. It is 1.1 pp below the national unemployment rate of 7.6%. Bay State employment grew by 57,600 jobs year-over-year with a concentration in the Professional and Business Services sectors as well as Health Care and Education sectors. Most of the annual growth, however, came from Construction jobs driven by the rise in development projects this year.

Source : Cushman & Wakefield

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