Overall unemployment rate moved up to 7.0% with the biggest shift in Government, which lost 1,800 roles, based on the most recently available information published in September 2021.
Total employment in the Bridgeport-Stamford-Norwalk, CT market rose by 4,886 jobs in July and the unemployment rate increased compared to the prior month by 20 bps to 7.0%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Bridgeport-Stamford-Norwalk, CT unemployment rate is 134 bps above the national rate which is a negative sign.
- Unemployment in the market is 490 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 2.9% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.8%. Key sectors include:
- Education & Healthcare: 70,600; -500
- Business Services: 62,000; -1,200
- Transportation & Utilities: 61,700; -1,300
- Restaurants & Hotels: 41,100; +1,400
- Government: 38,000; -1,800
- Financial Services: 35,600; +100
- Manufacturing: 27,200; no change
- Other Jobs: 17,300; +200
- Construction, Mining: 14,100; -200
- IT & Development: 11,100; +100
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.