States · Massachusetts

Massachusetts Economy — Live Data

How is the economy doing in Massachusetts? Unemployment is at 4.5%, above the national rate of 4.2%. As one of the key economies in New England, Massachusetts leans on biotech, higher education, and finance. Below: live jobs, housing, and income data from FRED and the BLS.

Unemployment Rate
4.5%
▲ Above US average (4.2%)
Nonfarm Jobs
3.71M
▼ -0.1% jobs YoY
House Prices (YoY)
+4.2%
▲ Rising
Per-Capita Income
$97K
▲ +4.1% vs prior year
Massachusetts vs. United States — Unemployment
Massachusetts
4.5%
United States
4.2%

Massachusetts is running above the national unemployment rate. At 4.5% vs 4.2% nationally, local job seekers face a somewhat tougher market than the US average.

Jobs & Output
Nonfarm payrolls
3.71M
Job growth (YoY)
-0.1%
Real GDP (2025)
$644B
GDP growth (YoY)
+2.4%

Payrolls are monthly (BLS); GDP and income are annual (BEA). Key sectors in Massachusetts: biotech, higher education, and finance.

What this means if you live or work in Massachusetts
💼
Job market
With unemployment at or above the national average, hiring in Massachusetts is more employer-friendly — job seekers should expect more competition per opening.
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Housing
House prices are rising moderately (+4.2% YoY) — a balanced market by recent standards.
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Income
Per-capita personal income in Massachusetts is $97,456, up 4.1% from the prior year. Compare against national inflation to gauge real purchasing power.
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Key industries
Massachusetts's economy leans on biotech, higher education, and finance — sector-specific national trends (energy prices, rates, consumer spending) hit this state through those channels first.
Key Numbers — Massachusetts
Unemployment4.5%
US unemployment4.2%
Nonfarm jobs3.71M
House prices YoY+4.2%
Per-capita income$97,456
Real GDP$644B
Labor data as ofMay 2026
Nearby States
Connecticut economy → Rhode Island economy → New Hampshire economy → New York economy → All 50 states →
National Data
US labor market → US housing data → US inflation → Full dashboard →

Data: FRED (Federal Reserve Bank of St. Louis) — series MAUR, MANA, MASTHPI, MAPCPI, MARGSP — plus BLS and BEA. Live values load on page open; figures shown are the most recent official releases. Not financial advice.