Overall unemployment rate moved up to 8.4% with the biggest shift in Government, which gained 1,700 roles, based on the most recently available information published in April 2021.
Total employment in the Hartford-West Hartford-East Hartford, CT market declined by 40,954 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 8.4%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 185 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) declined in February versus prior month by -2.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Education & Healthcare: 105,400; +500
- Government: 90,700; +1,700
- Transportation & Utilities: 89,600; -1,000
- Business Services: 69,000; +800
- Manufacturing: 54,400; -200
- Financial Services: 53,000; -600
- Restaurants & Hotels: 34,500; +100
- Other Jobs: 21,000; no change
- Construction, Mining: 17,600; -100
- IT & Development: 8,400; no change
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.