Overall unemployment rate moved down to 5.6% with the biggest shift in Restaurants & Hotels, which lost 3,500 roles, based on the most recently available information published in November 2021.
Total employment in the Bridgeport-Stamford-Norwalk, CT market rose by 1,988 jobs in September and the unemployment rate decreased compared to the prior month by 60 bps to 5.6%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Bridgeport-Stamford-Norwalk, CT unemployment rate is 104 bps above the national rate which is a negative sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 2.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 72,400; +2,400
- Business Services: 63,000; +300
- Transportation & Utilities: 62,800; +1,200
- Government: 40,100; +3,400
- Restaurants & Hotels: 37,100; -3,500
- Financial Services: 35,400; +300
- Manufacturing: 27,000; -200
- Other Jobs: 16,400; -600
- Construction, Mining: 14,600; -100
- IT & Development: 11,000; -100
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.