Job market in Lowell
The job market in Lowell, MA, is experiencing a dynamic shift as the city continues to evolve economically in 2024.
Known for its rich history in the textile industry, Lowell is now diversifying its economic base with significant growth in technology, healthcare, and education sectors.
Recent infrastructure projects, such as the expansion of the Lowell Connector, are expected to boost local employment opportunities and attract new businesses.
The city's strategic location near Boston also provides a competitive edge, offering residents access to a broader range of job opportunities.
Top Industries in Lowell
Technology
Healthcare
Education
Manufacturing
Hospitality
Employment Trends and Growth Rates
Lowell is witnessing a positive employment trend with a steady job growth rate across various sectors.
The technology and healthcare industries are particularly strong, contributing significantly to the city's economic health.
Despite a national Gini index of 0.41, Lowell's income distribution is relatively balanced, though disparities exist in certain neighborhoods.
Job turnover rates are moderate, with a noticeable shift towards more stable employment in tech and healthcare.
Job Market for Remote and Freelance Workers in Lowell
Remote work is becoming increasingly prevalent in Lowell, with approximately 35% of the workforce engaged in remote roles.
The tech industry leads in offering remote positions, followed by marketing and design sectors.
Local companies like Kronos Incorporated and NetScout Systems are notable for providing remote work options.
City-specific job boards and platforms are emerging to cater to the growing demand for remote opportunities.
Job Resources and Networking
Lowell offers a variety of job resources, including local job boards and career fairs.
The Lowell Career Center provides valuable services such as job placement programs and resume workshops.
Local platforms like MassHire Lowell Career Center are essential for job seekers.
Entrepreneurial hubs like the Innovation Hub at UMass Lowell support startups and tech ventures.
