In the third quarter of 2014 the Massachusetts economic environment remained strong. The state unemployment rate closed August at 5.8%, down 140 basis points (bps) year-over-year, according to the US Bureau of Labor Statistics (BLS). The metric sits just below the national rate which dipped slightly during the third quarter and closed September at 5.9%.
Bay state job growth as of August stood at 1.6% year over year, with 54,300 jobs created during the past twelve months. Significant gains in employment were seen in the Information, Education & Health Services, and Professional & Business Services sectors. These sectors continue to have a substantial effect on suburban Boston as office-using employment in the state is on pace to grow at its fastest annual rate since 2000.
Source : Cushman & Wakefield