MA unemployment rate drops to 5.1%

Even with the economy still soft, we’ve been very busy, even with Summer vacation season in full-swing. The MA unemployment rate dropped to 5.1%, below the national average, and although we lost jobs in July, they were primarily seasonal positions or in manufacturing – overall, we’ve greated net jobs 8 times in the past10 months. (see full press release http://lmi2.detma.org/lmi/Newsrelease/NewsLMI20080814.htm)

We have been seeing a bit more cautiousness for Q3/Q4 budgets vs. Q1/Q2, but much of that has been with the larger, 500+ employee firms. The major engine of job creation continues to be “small business” those with 50 employees or less.

Here at The Bivium Group, Boston’s leading boutique Software Engineering recruitment firm, we continue to be cautious in the short-term and bullish for the long-term strength of the Boston market.

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