Overall unemployment rate moved down to 6.0% with the biggest shift in Restaurants & Hotels, which gained 2,300 roles, based on the most recently available information published in June 2021.
Total employment in the Bridgeport-Stamford-Norwalk, CT market rose by 8,359 jobs in May and the unemployment rate decreased compared to the prior month by 150 bps to 6.0%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Bridgeport-Stamford-Norwalk, CT unemployment rate is 50 bps above the national rate which is a negative sign.
- Unemployment in the market is 580 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Education & Healthcare: 72,600; +1,600
- Business Services: 63,400; +1,100
- Transportation & Utilities: 62,600; +200
- Government: 40,400; -100
- Financial Services: 35,500; +100
- Restaurants & Hotels: 35,400; +2,300
- Manufacturing: 26,900; no change
- Other Jobs: 16,200; +200
- Construction, Mining: 14,000; +300
- IT & Development: 11,200; -100
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.