Overall unemployment rate moved up to 8.3% with the biggest shift in Transportation & Utilities, which lost 2,700 roles, based on the most recently available information published in March 2021.
Total employment in the Hartford-West Hartford-East Hartford, CT market declined by 25,570 jobs in January and the unemployment rate increased compared to the prior month by 90 bps to 8.3%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 149 bps above the national rate which is a negative sign.
- Unemployment in the market is 390 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in January versus prior month by -2.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.3%. Key sectors include:
- Education & Healthcare: 104,700; -1,300
- Transportation & Utilities: 90,400; -2,700
- Government: 89,000; -2,200
- Business Services: 68,300; -1,400
- Manufacturing: 54,300; -1,100
- Financial Services: 53,600; -900
- Restaurants & Hotels: 34,500; -1,200
- Other Jobs: 20,400; no change
- Construction, Mining: 17,700; -1,600
- IT & Development: 8,400; -600
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.