Overall unemployment rate moved down to 5.2% with the biggest shift in Government, which gained 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 3,870 jobs in October and the unemployment rate decreased compared to the prior month by 20 bps to 5.2%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 94 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 1.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Education & Healthcare: 106,700; +1,400
- Government: 93,300; +1,900
- Transportation & Utilities: 91,200; +900
- Business Services: 72,800; +1,000
- Manufacturing: 55,600; +300
- Financial Services: 51,200; -600
- Restaurants & Hotels: 42,400; +1,100
- Other Jobs: 21,300; no change
- Construction, Mining: 20,400; +100
- IT & Development: 8,400; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.