Overall unemployment rate moved down to 3.6% with the biggest shift in Transportation & Utilities, which gained 1,300 roles, based on the most recently available information published in February 2022.
Total employment in the Worcester, MA-CT market declined by 471 jobs in December and the unemployment rate decreased compared to the prior month by 110 bps to 3.6%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Worcester, MA-CT unemployment rate is 9 bps below the national rate which is a positive sign.
- Unemployment in the market is 370 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 6.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Education & Healthcare: 67,500; +200
- Transportation & Utilities: 55,600; +1,300
- Government: 42,600; +200
- Business Services: 28,900; -400
- Manufacturing: 26,700; +200
- Restaurants & Hotels: 22,100; no change
- Financial Services: 13,500; +200
- Construction, Mining: 12,100; -300
- Other Jobs: 8,700; no change
- IT & Development: 2,900; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.