Overall unemployment rate moved up to 5.1% with the biggest shift in Education & Healthcare, which gained 2,200 roles, based on the most recently available information published in April 2022.
Total employment in the Bridgeport-Stamford-Norwalk, CT market rose by 19 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 5.1%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Bridgeport-Stamford-Norwalk, CT unemployment rate is 96 bps above the national rate which is a negative sign.
- Unemployment in the market is 340 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in February versus prior month by -2.0% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Education & Healthcare: 76,500; +2,200
- Transportation & Utilities: 65,300; -200
- Business Services: 62,800; -1,600
- Government: 41,800; +500
- Restaurants & Hotels: 36,000; +200
- Financial Services: 35,500; -300
- Manufacturing: 28,900; +200
- Other Jobs: 16,100; no change
- Construction, Mining: 12,200; no change
- IT & Development: 11,900; no change
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.