Don’t be bummed about heading to work on Monday mornings. If you’ve wanted to look for a new job, now might be a good time to start.
Falling unemployment rates are giving workers in Massachusetts a lot of leverage. According to The Boston Globe, they’re “increasingly able to bargain for higher pay, find new jobs quickly, and even choose between competing offers.’’
Closing in on the pre-recession unemployment rate of 4.6 percent, the state’s unemployment rate was 4.7 percent in April. While that number marks a healthy economy, employers across sectors (from the restaurant industry to retail) are feeling the crunch and having trouble filling open positions.
Glassdoor Economist Andrew Chamberlain told the Globe it was one of the strongest job markets in a generation, saying, job seekers “should be taking advantage of it.’’ Chamberlain also said Boston ranked sixth among the 50 largest American cities for job openings per capita, with over 1,200 help-wanted listings for software engineers in Greater Boston alone in mid-May.
Read the entire Globe story here.
The Bay State bounced back from the recession much more quickly than other states. According to Monster.com, Massachusetts’s job market has already regained more than half the jobs lost, with technology, education, and healthcare sectors leading the charge.
Retail and restaurant jobs for lower-skilled workers are also feeling the benefits of an improved economy. Chipotle announced this week that it would start offering all employees paid vacation, sick leave, and tuition reimbursement July 1.
Here are the top 30 fastest-growing jobs by 2018:
How long will employment growth last?
Massachusetts added 66,000 jobs during the past year, and in the first quarter of 2015, wages and salaries in Greater Boston jumped close to 4 percent from a year earlier, according to the U.S. Labor Department.
But by 2017, the state’s employment growth is expected to stall. There simply won’t be enough workers to fill all the open positions, according to a recent forecast by nonprofit businesses and academic economist group New England Economic Partnership.
Brush up your resume and start hunting; you might be more in demand than you think.