Overall unemployment rate moved down to 3.0% with the biggest shift in Business Services, which gained 2,300 roles, based on the most recently available information published in June 2023.
Total employment in the Bridgeport-Stamford-Norwalk, CT market rose by 5,436 jobs in April and the unemployment rate decreased compared to the prior month by 140 bps to 3.0%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Bridgeport-Stamford-Norwalk, CT unemployment rate is 10 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 3.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Education & Healthcare: 80,800; +300
- Business Services: 67,500; +2,300
- Transportation & Utilities: 64,900; -100
- Restaurants & Hotels: 43,000; +1,800
- Government: 42,000; -800
- Financial Services: 33,800; -500
- Manufacturing: 28,900; -400
- Other Jobs: 16,900; +200
- Construction, Mining: 13,500; +900
- IT & Development: 12,800; +200
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.