Overall unemployment rate moved up to 8.7% with the biggest shift in Transportation & Utilities, which lost 3,100 roles, based on the most recently available information published in March 2021.
Total employment in the Bridgeport-Stamford-Norwalk, CT market declined by 11,780 jobs in January and the unemployment rate increased compared to the prior month by 110 bps to 8.7%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Bridgeport-Stamford-Norwalk, CT unemployment rate is 189 bps above the national rate which is a negative sign.
- Unemployment in the market is 420 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 5.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -3.1%. Key sectors include:
- Education & Healthcare: 69,300; -1,600
- Transportation & Utilities: 63,400; -3,100
- Business Services: 60,300; -1,800
- Government: 38,900; -1,100
- Financial Services: 35,400; -300
- Restaurants & Hotels: 29,800; -1,600
- Manufacturing: 26,900; -600
- Other Jobs: 15,300; -200
- Construction, Mining: 11,900; -800
- IT & Development: 11,100; -500
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.