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Massachusetts, home of the
Plymouth Colony first settled by passengers of the Mayflower, has a population
of 6.5 million people and an unemployment rate of 6.8 percent. The state economy
was originally dependant on trade, fishing and agriculture, but has seen major
diversification in the 20th and 21st centuries.
Massachusetts is a leader in college education, with 121 institutions of higher
learning. Other key employers in the state include the health care, biotechnology,
finance and tourism industries. Because the state has a relatively small and
densely populated landmass, agriculture plays an increasingly limited role.
The Commonwealth is home to 13 Fortune 500 companies, the largest of them being
Liberty Mutual Insurance Group and MassMutual Financial Services, headquartered in
Boston and Springfield respectively. The sprawling metro areas that surround those
two large cities support thousands of smaller businesses in the retail, hospitality
and service sectors.
Massachusetts boasts an average income of just over $50,000 per individual, which
ranks 3rd in the nation. Employment opportunities are plentiful and typically offer
wages that are difficult to match in other states. Those conditions, combined with
an unemployment rate that is well below the national average, make for an
exceptionally strong job-seeker's economy.
Additional information can be found
regarding Massachusetts' economy and key employers by visiting
Wikipedia: Massachusetts Economy.
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