Overall unemployment rate moved down to 4.8% with the biggest shift in Restaurants & Hotels, which lost 1,900 roles, based on the most recently available information published in December 2021.
Total employment in the Hartford-West Hartford-East Hartford, CT market rose by 10,868 jobs in November and the unemployment rate decreased compared to the prior month by 40 bps to 4.8%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 91 bps above the national rate which is a negative sign.
- Unemployment in the market is 260 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 2.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Education & Healthcare: 106,600; no change
- Government: 94,900; +1,300
- Transportation & Utilities: 92,200; +1,600
- Business Services: 72,700; +200
- Manufacturing: 56,400; +1,000
- Financial Services: 51,000; -300
- Restaurants & Hotels: 40,500; -1,900
- Other Jobs: 21,700; +300
- Construction, Mining: 20,500; +100
- IT & Development: 8,400; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.