Worcester Business Journal

November 9, 2020-Fact Book

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wbjournal.com | November 9, 2020 | Worcester Business Journal 19 M E M B E R F D I C | M E M B E R D I F countrybank.com/business 2 7 8 P A R K A V E , 3 1 5 M A I N S T R E E T , W O R C E S T E R P U B L I C M A R K E T I N T E R A C T I V E A T M starts wi an idea. EVERY BUSINESS A N D S O M E O N E E L S E W H O B E L I E V E D I N I T. B I O M E D I C A L F A C T B O O K Healthcare industry average annual salary Worcester County $42,499 $44,445 $45,658 $45,899 $46,808 $47,769 $46,628 $47,203 $48,024 $48,481 $48,584 $49,449 $50,670 U.S. $40,686 $42,154 $43,201 $43,725 $44,494 $45,406 $44,909 $45,857 $47,296 $47,956 $49,076 $50,326 $51,792 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: U.S. Bureau of Labor Statistics 2009 1,174 1,249 866 3,289 2010 1,248 1,206 1,141 3,595 9.3% -1.4% 2011 1,842 701 1,021 3,564 -0.9% -0.6% 2012 1,732 628 1,094 3,454 -3.1% 0.4% 2013 1,668 668 652 2,988 -13.5% 0.9% 2014 1,647 1,287 612 3,546 18.7% 1.2% 2015 1,775 1,743 612 4,130 16.5% 1.6% 2016 1,861 1,712 654 4,227 2.3% 2.5% 2017 1,698 1,318 632 3,648 -13.7% 2.2% 2018 1,817 1,349 637 3,803 4.2% 3.0% 2019 1,964 1,683 685 4,332 13.9% 5.1% Pharmaceutical Medical % change R&D medicine equipment & Worcester % change Year biotechnology manufacturing supplies manufacturing Total County nationally Biomedical employment, in Worcester County 2009 2.55% 1.90% 2010 2.09% 1.76% 2011 1.79% 1.61% 2012 2.69% 1.66% 2013 7.68% 4.19% 2014 2.86% 1.68% 2015 2.86% 2.52% 2016 2.30% 2.74% 2017 3.71% 2.21% 2018 1.63% 1.94% 2019 2.45% 2.16% Healthcare and social servicement employment growth, year-over-year Worcester County National employment employment Year growth growth Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages Worcester County employed 73,189 people in the healthcare and social services industry at the end of 2018, the highest of any industry in the county.

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