The growth or decline in total jobs, shown as a percentage gain or loss from the previous year.
Job growth is a key indicator of economic health and vitality and reveals whether and by how much an economy is expanding. In addition to the number of jobs, the quality of jobs should be considered. This is reflected in measures of average salary.
Essex County had job growth of 1.2% from 2018 to 2019, below the state and nation (1.7% and 1.8% respectively). Since 2001, the county has gained 21% to 475,000 jobs, a growth rate similar to the state and slightly lower than the nation (23%).
Essex County's latest annual rate of growth was below Middlesex, MA (2.0%) but similar to Lake County, IL and Westchester, NY (1.1% and 1.4% respectively). Since 2001, Essex County's job growth was higher than Lake (11%), and similar to Middlesex and Westchester (22% and 20% respectively).
Data is from the Bureau of Economic Analysis. County employment is reported by place of work, not place of residence. 2020 data for this indicator are expected to be released in the fourth quarter of 2021.