With the unemployment rate steadily decreasing, it appears as if the Massachusetts economy is finally on the rebound. The Bay State’s vibrant life sciences cluster is playing a major role in this job growth.
More than 53,000 residents of the Commonwealth are directly employed by the biotechnology industry. The typical job in this sector pays 90 percent above the average salary in Massachusetts. And the industry is growing — Massachusetts is among the top three hiring locations in the country for biotech.