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Cape Ann Current: Keeping Cape Ann current

Free daily news for Gloucester, Rockport, Essex and Manchester-by-the-Sea

Economy Desk

Business ยท Economy

Jobs, wages, prices, the waterfront and the businesses behind them in Gloucester, Rockport, Essex and Manchester-by-the-Sea, from public records. Every number links to its source.

Employer watch

The big employers, at a glance

Publicly traded parents are tracked through their filings and earnings dates. Private, mutual and nonprofit employers get the public filing that stands in for earnings.

On earnings day, the Morning Current reports each public parent's results and closing share price, with the source named. Earnings timing shown is each company's usual pattern until the company confirms a date.
Unemployment rate

How many residents are looking for work

Monthly rate for residents of each town, not seasonally adjusted, so summer dips and winter rises are real. Massachusetts is shown on the same basis.

Source: BLS Local Area Unemployment Statistics via the Massachusetts Department of Economic Research. Latest month is preliminary. No data was collected for October 2025 because of the federal shutdown.
Employment table

Workers, jobs and pay, town by town

Residents in the labor force are people who live in the town. Jobs located in town count positions at employers there, wherever the worker lives. Tap a column to sort.

Sources: residents and unemployment from BLS LAUS (August 2026, preliminary). Jobs, businesses and weekly wages from the state's ES-202 employment and wages program (2025 annual averages; covers employers in unemployment insurance plus federal agencies, not the self-employed).
Industry mix

What people do for work here

Average monthly jobs by industry in 2025 and what each pays per week on average.

The summer swing

Source: Massachusetts ES-202, 2025 annual report, all ownership types. Industries with too few employers to publish are suppressed by the state.
Who is in business

Small employers, and a lot of people working for themselves

How many employers each ZIP code has, how big they are and what they do, plus the share of working residents who run their own business. Employer counts are for 2023, the latest the Census Bureau has published.

Employers by number of employees

Employers by industry

Working residents who are self-employed

Owners of incorporated and unincorporated businesses as a share of all workers who live in each place, 2020 to 2024 survey average.

Sources: U.S. Census Bureau County and ZIP Code Business Patterns, 2023, for ZIP codes 01930 (Gloucester), 01966 (Rockport), 01929 (Essex) and 01944 (Manchester); counts establishments with paid employees, so sole proprietors and share-paid fishing crews are not included. Employer counts here can differ from the state ES-202 figures above (for example, fishing employers) because the two programs define and count establishments differently. American Community Survey 5-year estimates, table B24080, 2020 to 2024. Retrieved through the Census Data API. Data on business owners' sex, race, veteran status and age (Annual Business Survey) is published only for states and metro areas, so it is not shown here.
Commuting

Who comes to Cape Ann to work, and where residents go

All four towns together, counting primary and secondary jobs.

Where incoming workers live

Where commuting residents work

Source: U.S. Census Bureau LEHD Origin-Destination Employment Statistics, 2023 (latest available). Residents working out of state are not included in the outbound count.
Income and households

How Cape Ann compares

Five-year survey averages for 2020 to 2024. Small towns carry wide margins of error, shown beside each figure.

Source: U.S. Census Bureau American Community Survey 5-year estimates, 2020 to 2024, retrieved through Census Reporter. Dollar figures are in 2024 dollars.
Prices and housing

What it costs to live here

No agency measures inflation for Cape Ann alone. The closest official gauge is the Boston-area consumer price index, which includes Essex County. Housing is measured town by town.

Inflation, change from a year earlier

Average single-family assessed value

Federal house price index by ZIP code, yearly change

Property tax on the average single-family home, FY2026

Sources: BLS Consumer Price Index, Boston-Cambridge-Newton and U.S. city average, not seasonally adjusted (Boston all-items is published every other month). Mass. Division of Local Services, average single-family tax bill, FY2018 to FY2026; assessed values lag the market by about a year and a half (each fiscal year's values reflect sales two calendar years earlier). State figures are parcel-weighted across all reporting communities, as in the DLS FY2026 statewide summary. FHFA House Price Index, five-digit ZIP, annual; blank years have too few repeat sales to publish.
The waterfront

How the port of Gloucester stacks up

What fishermen landed at the dock in Gloucester each year since 1981, and how that compares with other U.S. ports. Add New Bedford, Dutch Harbor or any of 200 ports to the chart. Values are what boats were paid at first sale, before processing.

Gloucester against other ports, 1981 to 2024

Top U.S. ports in a single year

What Massachusetts boats landed, 2024

Statewide by species, top 12 by value. NOAA does not publish species totals for single ports.

Fishing jobs on the payroll

Gloucester employers in commercial fishing, 2025 annual averages from the state.

Most deckhands and many captains are self-employed and paid a share of the catch, so they are not counted here. The landings above are the better measure of the fleet.

Sources: NOAA Fisheries, Fisheries One Stop Shop, Top U.S. Ports, 1981 to 2024 (port values are ex-vessel, in millions; some ports are withheld or grouped to protect confidential business data, so a port can be missing in a year). NOAA FOSS landings API, Massachusetts commercial landings by species, 2024. Inflation adjustment uses the BLS consumer price index, U.S. city average. Payroll jobs from the Massachusetts ES-202 program, NAICS 1141.
Business map

Find a Cape Ann business

About 2,100 open businesses and organizations from an open places dataset. Dark squares mark the largest employers. Search by name, or pick a category or town.

Business listings: Overture Maps Foundation places, September 2026 release, CDLA Permissive 2.0, listings with confidence of 0.6 or higher. Town lines: U.S. Census Bureau TIGER/Line 2024. Streets: OpenStreetMap contributors, drawn with Protomaps from a Cape Ann extract the Current hosts itself. Listings can be out of date; use "Fix this listing" on any business.