Massachusetts Business & Employment Growth Since 2009

  • 45,215 more businesses
  • 446,316 more employees
  • 14.2% increase in total wages
  • $16,380 increase in annual wages per employee
  • 29.1% increase in wages per employee

Since 2009, the number of businesses in Massachusetts has grown by 21.2% (9.8% greater than the national average of 11.4%). Employment in Massachusetts has grown by 14.2% (0.6% greater than the national average of 13.6%). Wages have grown by 29.1% since the end of the Great Recession. This wage growth is 3.4% greater than the national average of 25.7%.
The average weekly wage in Massachusetts of $1,397 is 21.2% above the national average of $1,101. The gap between the national average has widened from 19.0% a widening of 2.1% since the end of the recession.

Sector Growth

Business Sector Growth

The Healthcare sector has the most businesses in the state of Massachusetts. Since the end of the recession, the number of businesses has grown from 16,263 to 62,459, a gain of 284.1%. The table below illustrates the change in number of businesses in each sector.
Sector20182009Pct Chg
Healthcare62,45916,263284.1%
Professional services33,31727,91319.4%
Retail trade23,54523,5350.0%
Other services21,84837,461-41.7%
Construction21,28919,7737.7%
Accommodation and food services16,93215,4319.7%
Wholesale trade14,19915,324-7.3%
Waste services12,84511,30013.7%
Finance and insurance10,3399,9114.3%
Real estate and rental7,2286,53210.7%
Manufacturing6,7107,615-11.9%
Information5,4063,95436.7%
Transport and warehousing4,2673,70215.3%
Educational services3,9172,72243.9%
Arts and entertainment3,7633,03723.9%
Company management1,4881,16827.4%
Agriculture and forestry901909-0.9%
Utilities32122940.2%
Mining and oil extraction88101-12.9%

The sector that has had the strongest growth [in number of businesses] is the Healthcare sector, which has increased by 284.1% since 2009. The sector that has has the largest decline is the Other services sector, which has declined by 41.7% since the recession.

Employment Sector Growth

The Healthcare sector has the most employees in the state of Massachusetts. Since the end of the recession, the number of employees has grown from 489,827 to 626,834, a gain of 28.0%. The table below illustrates the change in number of employees in each sector.
Sector20182009Pct Chg
Healthcare626,834489,82728.0%
Retail trade353,803334,3175.8%
Professional services327,052251,63830.0%
Accommodation and food services312,377252,31023.8%
Manufacturing244,900258,913-5.4%
Waste services184,348149,78523.1%
Finance and insurance169,570172,752-1.8%
Construction158,420111,30942.3%
Educational services146,307126,83815.3%
Wholesale trade124,389127,411-2.4%
Other services119,736128,981-7.2%
Information91,70184,6208.4%
Transport and warehousing87,83867,24030.6%
Company management74,11159,07525.5%
Arts and entertainment63,01047,49232.7%
Real estate and rental47,40640,33717.5%
Utilities10,94010,2087.2%
Agriculture and forestry8,6216,48732.9%
Mining and oil extraction9841,220-19.3%

The sector that has had the strongest employment growth [in number of employees] is the Healthcare sector, which has increased by 28.0% since 2009. The sector that has has the largest employment decline in number of employees is the Manufacturing sector, which has declined by 5.4% since the recession.

Weekly Wage Growth By Sector

The Finance and insurance sector has the highest average weekly wage in the state of Massachusetts. Since the end of the recession, the average wage has grown from $2,135 to $3,130, a gain of 46.6%. The table below illustrates the change in weekly wage in each sector.
Sector20182009Pct Chg
Finance and insurance$3,130$2,13546.6%
Professional services$2,599$1,84440.9%
Company management$2,595$1,95232.9%
Utilities$2,523$1,97727.6%
Information$2,367$1,63045.2%
Wholesale trade$1,898$1,47129.0%
Manufacturing$1,703$1,33227.9%
Real estate and rental$1,534$1,06643.9%
Construction$1,516$1,18927.5%
Educational services$1,331$1,04427.5%
Mining and oil extraction$1,329$1,02230.0%
Agriculture and forestry$1,162$89230.3%
Healthcare$1,076$97110.8%
Transport and warehousing$982$79124.1%
Waste services$949$73828.6%
Arts and entertainment$786$64921.1%
Other services$742$54137.2%
Retail trade$671$53325.9%
Accommodation and food services$483$36831.3%

The sector that has had the strongest wage growth is the Finance and insurance sector, which has increased by 46.6% since 2009. The sector that has has the smallest wage growth is the Healthcare sector, which has declined by 10.8% since the recession.


Industry Growth

Business Industry Growth

The Services for the elderly and disabled industry has the greatest number of businesses in the state of Massachusetts. Since the end of the recession, the number of businesses has grown from 328 to 44,896, a gain of 13,587.8%. The table below illustrates the change in the number of businesses in the top industries.

Industry20182009Pct Chg
Services for the elderly and disabled44,89632813,587.8%
Computer systems design and related services8,3336,06337.4%
Private households6,01223,518-74.4%
Residential building construction4,8214,891-1.4%
Management consulting services4,7104,859-3.1%
Offices of lawyers4,5134,805-6.1%

The top industry that has had the largest increase in the number of businesses is the Services for the elderly and disabled industry, which has increased by 13,587.8% since 2009. The top industry that has has the largest decline in the number of businesses is the Private households industry, which has declined by 74.4% since the recession.

Employment Industry Growth

The Restaurants and other eating places industry has the greatest number of employees in the state of Massachusetts. This industry currently has 246,272 employees in it. There is no direct comparison back to the total at the end of the recession and is not included in the table below.

Industry20182009Pct Chg
General medical and surgical hospitals164,978155,2086.3%
Colleges and universities94,91285,23911.3%
Computer systems design and related services83,41055,21851.1%
Supermarkets and other grocery stores77,92671,3989.1%
Management of companies and enterprises74,11159,07525.5%
Services for the elderly and disabled67,87310,101571.9%

The top industry that has had the largest increase in the number of employees is the Services for the elderly and disabled industry, which has increased by 571.9% since 2009. The top industry that has has the largest decline in the number of employees is the Supermarkets and other grocery stores industry, which has declined by 9.1% since the recession.

Weekly Wage Growth By Industry

The Trusts estates and agency accounts industry has the highest average weekly wage in the state of Massachusetts. Since the end of the recession, the average wage has grown from $1,592 to $82,977, a gain of 5,112.1%. The table below illustrates the change in weekly wage in each sector.
Industry20182009Pct Chg
Trusts estates and agency accounts$82,977$1,5925,112.1%
Portfolio management$7,434$5,12845.0%
Investment banking and securities dealing$6,794$4,67445.4%
Spectator sports$6,030$4,79525.8%
Miscellaneous intermediation$5,657$4,47726.4%
Securities brokerage$5,498$3,35463.9%
Open-end investment funds$5,384$7,667-29.8%

The top industry that has had the strongest wage growth is the Trusts estates and agency accounts industry, which has increased by 5,112.1% since 2009. The top industry that has has the largest wage decline is the Open-end investment funds industry, which has declined by 29.8% since the recession.


Company Size

Business Growth By Company Size

The biggest percentage change in the number of businesses has been in businesses with fewer than 5 employees. The number of businesses with this number of employees has grown from 133,474 to 164,279, which is an increase of 23.1%.

The smallest percentage change in the number of businesses has been in businesses with 5 to 9 employees. The number of businesses with this number of employees has grown from 32,427 to 34,201, which is an increase of 5.5%.

Table: Change in the number of Businesses by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees164,279133,47423.1%
5-9 Employees34,20132,4275.5%
10-19 Employees23,80121,51410.6%
20-49 Employees16,77914,46816.0%
50-99 Employees5,8184,74422.6%
100-249 Employees3,4193,05412.0%
250-499 Employees81467121.3%
500-999 Employees28924318.9%
More Than 1,000 Employees17615116.6%


Employment Growth by Company Size

The biggest percentage change in the number of employees has been in businesses with 50 to 99 employees. The number of employees in companies this size has grown from 321,645 to 397,456, which is an increase of 23.6%.

The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 214,180 to 224,393, which is an increase of 4.8%.

Table: Change in the number of Employees by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees228,210193,74417.8%
5-9 Employees224,393214,1804.8%
10-19 Employees319,048288,15810.7%
20-49 Employees505,758435,89316.0%
50-99 Employees397,456321,64523.6%
100-249 Employees509,381454,52212.1%
250-499 Employees278,460227,54122.4%
500-999 Employees189,806165,11115.0%
More Than 1,000 Employees412,226353,18416.7%


Weekly Wage Growth by Company Size

The biggest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $1,557 to $2,761, which is an increase of 77.3%.

The smallest percentage change in the average weekly wage has been in businesses with fewer than 5 employees. The average weekly wage in companies this size has grown from $838 to $1,079, which is an increase of 28.8%.

Table: Change Average Weekly Wage by Size Since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees$1,079$83828.8%
5-9 Employees$1,070$82330.0%
10-19 Employees$1,096$84929.1%
20-49 Employees$1,192$91330.6%
50-99 Employees$1,351$1,04429.4%
100-249 Employees$1,601$1,11343.8%
250-499 Employees$1,969$1,42538.2%
500-999 Employees$2,761$1,55777.3%
More Than 1,000 Employees$2,162$1,59335.7%



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.