Overall unemployment rate moved down to 8.4% with the biggest shift in Restaurants & Hotels, which gained 1,700 roles, based on the most recently available information published in April 2021.
Total employment in the Bridgeport-Stamford-Norwalk, CT market rose by 10,562 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 8.4%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Bridgeport-Stamford-Norwalk, CT unemployment rate is 222 bps above the national rate which is a negative sign.
- Unemployment in the market is 410 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 3.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 71,000; +900
- Transportation & Utilities: 62,400; -300
- Business Services: 60,100; -1,200
- Government: 39,800; +400
- Financial Services: 35,500; no change
- Restaurants & Hotels: 31,600; +1,700
- Manufacturing: 27,000; +100
- Other Jobs: 15,600; +300
- Construction, Mining: 12,200; +500
- IT & Development: 11,200; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.