Overall unemployment rate moved up to 4.1% with the biggest shift in Restaurants & Hotels, which gained 2,000 roles, based on the most recently available information published in June 2022.
Total employment in the Bridgeport-Stamford-Norwalk, CT market rose by 9,730 jobs in May and the unemployment rate increased compared to the prior month by 30 bps to 4.1%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Bridgeport-Stamford-Norwalk, CT unemployment rate is 72 bps above the national rate which is a negative sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 2.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Education & Healthcare: 76,000; +500
- Transportation & Utilities: 65,400; +900
- Business Services: 64,600; -300
- Restaurants & Hotels: 41,700; +2,000
- Government: 41,700; +100
- Financial Services: 35,400; +400
- Manufacturing: 29,300; no change
- Other Jobs: 16,400; +100
- Construction, Mining: 13,100; no change
- IT & Development: 11,700; +100
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.