Boston offers one of the most robust environments for attracting and retaining the best-educated workforce in the country. With a staggeringly low unemployment rate, Boston sits well below the national average, and continues to draw new residents not only with its New England charm and stellar sports teams, but also with its world-leading hospitals, universities and unsurpassed quality of life standards.
The Boston area is thriving. Its unemployment rate of 3.6% as of March 2017 is well below the national average, a trend that has been in place for a decade. Boston, with one of the best-educated workforces in the country, is also home to world-leading hospitals and universities, which, combined in the education and health service sector, employ more than one of every five workers. These jobs are historically more stable during all economic cycles, including times when the economy is not firing on all cylinders. Cambridge has become the epicenter of the life sciences industry globally. Venture capital also continually flows to Massachusetts, providing $1,000 of outside funding for every man, woman, and child in the Commonwealth.
The population of the urban core is growing quickly, with 48,000 new residents to the city of Boston since 2010, the highest resident count since the 1960s. The city is benefiting as Millennials flock in, and thousands of apartments have been built to accommodate this growth, which in turn has created new retail corridors, changing neighborhoods in the process.
A Thriving Market
BOSTON: A Leader in Innovation
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