Overall unemployment rate moved down to 6.1% with the biggest shift in Restaurants & Hotels, which gained 4,100 roles, based on the most recently available information published in June 2021.
Total employment in the Hartford-West Hartford-East Hartford, CT market rose by 7,415 jobs in May and the unemployment rate decreased compared to the prior month by 150 bps to 6.1%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 60 bps above the national rate which is a negative sign.
- Unemployment in the market is 500 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in May versus prior month by -2.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 105,000; -600
- Government: 90,000; -2,100
- Transportation & Utilities: 89,400; +1,300
- Business Services: 70,600; +700
- Manufacturing: 54,600; +200
- Financial Services: 52,300; -400
- Restaurants & Hotels: 41,300; +4,100
- Other Jobs: 20,700; no change
- Construction, Mining: 19,200; +900
- IT & Development: 8,400; -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.