With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Lowell, MA.
Lowell is well-known for its diverse range of industries that provide ample job opportunities to jobseekers. The health care sector plays a significant role in the city's employment landscape, offering numerous positions for professionals in this field. Manufacturing also contributes significantly to Lowell's economy, with many companies calling the area home. Additionally, retail and hospitality businesses thrive within the city limits, catering to residents' and tourists' needs alike. Education is another prominent industry in Lowell, as schools and institutions require dedicated staff members to maintain their high standards. In summary, Lowell presents an enticing array of career prospects across multiple sectors, making it an ideal destination for those seeking new professional avenues.
In the city, employment opportunities are accompanied by a high average salary of $98,069, which is 41.66% above the national average. Additionally, about 44% of individuals benefit from employer-provided insurance. However, this comes with a cost as the cost of living in the city is approximately 15% higher than the national median. Commuting to work takes an average of 26.5 minutes, allowing residents to maintain a balance between their professional and personal lives. Overall, this city offers a mix of advantages and challenges for jobseekers evaluating potential locations for their next career move.
In Lowell, Massachusetts, the local economy currently experiences an unemployment rate of 8.00%, which is above the country's average of 3.8%. Despite this higher than average unemployment rate, the city's future job market growth is anticipated to be very strong. This indicates that opportunities for individuals seeking employment in Lowell are expected to increase in the coming years, fostering a more robust job market within the community.
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