Overall unemployment rate moved down to 3.6% with the biggest shift in Restaurants & Hotels, which lost 1,700 roles, based on the most recently available information published in January 2022.
Total employment in the Bridgeport-Stamford-Norwalk, CT market rose by 379 jobs in November and the unemployment rate decreased compared to the prior month by 50 bps to 3.6%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Bridgeport-Stamford-Norwalk, CT unemployment rate is 24 bps above the national rate which is a negative sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 1.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Education & Healthcare: 77,400; +200
- Transportation & Utilities: 67,800; +1,300
- Business Services: 64,700; -300
- Government: 43,200; +800
- Restaurants & Hotels: 42,800; -1,700
- Financial Services: 35,000; no change
- Manufacturing: 30,100; +100
- Other Jobs: 16,400; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.