From 2012-22 the healthcare and social assistance sector has seen the smallest growth in average weekly wages of any large industry in Massachusetts. This potentially has dire consequences on the employment crisis that this industry already faces.
Each industry in a county varies differently in wage growth and decline. This blog analyzes how wages changed in major industries for the most urban and most rural economy in Massachusetts.
Massachusetts is facing a net loss of taxpayers and AGI. Learn about where these taxpayers are migrating to, and potential reasons for that migration.
Unemployment rates vary based on racial groups. Most minority groups face higher unemployment rates in Massachusetts than the majority White population.
Learn about what makes these five Massachusetts “W” towns so desirable to live in, but also the costs associated with them.
High UI tax rates make it expensive for businesses to operate in Massachusetts. Learn what affects a company’s decision to operate in Massachusetts.
Connecticut, Massachusetts, and New Hampshire all rank among the 10 wealthiest states in the country. Massachusetts is third – behind Maryland and New Jersey – with a median household income of $96,505. New Hampshire has a median household income of $90,845, making it the sixth wealthiest state, while Connecticut is the eighth with a median household income of $90,213. It is clear that the populations of these states have high incomes compared to the rest of the country, but which is most desirable to live in if you find yourself unemployed? Historical and Current Unemployment Trends First, it’s important to understand where the unemployment rates of these states fall in relation to the national rate. Using Pioneer Institute’s LaborAnalytics, the […]
Barnstable County contains all 15 Cape Cod municipalities. In 2023, the unemployment rate there was 4.7 percent, while the state average was 2.6 percent. All but one municipality on the Cape had an unemployment rate above the state average. Provincetown, the northern tip of the Cape, faces the highest unemployment rate in the state at 14.6 percent. What causes Cape Cod’s unemployment rate to be so far above that of the state as a whole? Warm weather might be the answer. For both Massachusetts residents and out-of-state vacationers, Cape Cod serves as a convenient oasis during the summer months. What many vacationers fail to realize is that those booming businesses look quite different during Massachusetts winters. The estimated year-round population […]