Q2 2025 Market and Hiring Trends

Q2 Market and Hiring Report Summary

National Snapshot

• The U.S. economy added 191,000 in Q2 of 2025, according to the latest report from the U.S. Bureau of Labor Statistics.
• The June unemployment rate was 4.1 percent, a small decrease from May. Since May of 2024, the unemployment rate has stayed between 4.0 percent to 4.2 percent.

The Northeast

• In Q2 of 2025, Massachusetts' GDP increased at an annual rate of 2.6%, according to MassBenchmarks, while U.S. GDP increased at an annual rate of 3%.
• So far in 2025, NYC and Boston have claimed a combined 11.8% of total deal value by metro area, according to PitchBook. NYC held 8.8% and Boston 3.3% of total national deals.

Boston

• The Boston area reported an unemployment rate of 4.9% in June of 2025, slightly higher than Massachusett’s rate of 4.8%
• Overall leasing activity in the Suburban Boston office market increased significantly by 521k square feet quarter-over-quarter, reaching a total of 1,8m square feet leased.

DeWinter’s Finance & Accounting Hiring Insights

• Across Q2, our finance and accounting consulting divisions saw high demand for Accounting Directors and Managers, Senior Accountants, and Finance Analysts, Managers, and Directors.

Private Equity’s Mid-Year Outlook

• Despite overall market volatility and trade policy concerns in 2025 making IPO conditions less favorable than anticipated, PE-backed companies are still achieving a strong showing, with their outlook tracking as expected in terms of market share capture.
• PE-backed companies are significantly increasing their share of IPO capital in 2025, exceeding initial predictions and reaching a record high of approximately 56.1%, largely at the expense of non-backed companies, according to recent data from PitchBook.