Framingham Employment Report
With a population of nearly 70 thousand calling it home and over 2500 establishments operating within its boundaries, it's no surprise that Framingham plays host to a diverse and highly skilled labor pool! To better understand this vital aspect of our community, the EDIC partnered with Framingham State's MetroWest Economic Research Center (MERC) to conduct an in-depth review of employment across the City. The first report was commissioned in 2015. In early 2020, the EDIC commissioned a follow up report including an analysis of change in the last five years since the first report. The updated report shows how key sectors have increased and that Framingham is still solidly the economic engine of the MetroWest region with a diverse economy and over 49,000 jobs. While the data reflects a "pre-pandemic" snapshot, it shows a community that is desirable and well-positioned for recovery.
Among the key facts that this report shed light on:
- In 2018 Framingham’s record 2,570 establishments provided 49,220 jobs, a record
total payroll of $4.0 billion and a record average annual wage of $81,400.
- 80% of these jobs were centered around the City's five major economic sectors:
- Education and Health
- Professional and Business Services
- Trade, Transportation, and Utilities
- After the 2009 Great Recession, Framingham recovered and expanded strongly with employment, payroll, average wage and establishments climbing 10%-32% in the next nine years.
- From 2009-2018 the number of Framingham establishments rose with a net gain of 380 establishments or 17%.
- Education and Health Services fueled the increase, adding 300 establishments and doubling its number of establishments. Construction followed, up 80 establishments or 51%.
- Among the 13 Greater Metro West (GMW) communities in 2018, Framingham ranked first in employment, payroll, and establishments.
- In 2018 Framingham contributed over one-quarter of GMW employment and payroll and 22% of GMW establishments.
- This average annual wage exceeded the Greater MetroWest (GMW) average wage by 6%, the Massachusetts average wage by 21%,and the U.S. average wage by 50%.
Full Report (2020)
Interested in learning more? Find the full report, the executive summary, and the slide show presented during its release attached below.