Overall unemployment rate moved down to 4.5% with the biggest shift in Government, which lost 1,400 roles, based on the most recently available information published in February 2022.
Total employment in the Hartford-West Hartford-East Hartford, CT market declined by 3,604 jobs in December and the unemployment rate decreased compared to the prior month by 30 bps to 4.5%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 81 bps above the national rate which is a negative sign.
- Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 2.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Education & Healthcare: 106,700; no change
- Government: 93,500; -1,400
- Transportation & Utilities: 93,300; +1,200
- Business Services: 71,900; -700
- Manufacturing: 56,600; no change
- Financial Services: 51,100; +100
- Restaurants & Hotels: 39,700; -1,100
- Other Jobs: 21,700; +100
- Construction, Mining: 20,200; -100
- IT & Development: 8,400; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.