Overall unemployment rate moved down to 3.8% with the biggest shift in Restaurants & Hotels, which gained 3,800 roles, based on the most recently available information published in June 2022.
Total employment in the Hartford-West Hartford-East Hartford, CT market declined by 8,880 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 3.8%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 46 bps above the national rate which is a negative sign.
- Unemployment in the market is 310 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 4.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Education & Healthcare: 108,200; +600
- Government: 93,400; no change
- Transportation & Utilities: 88,300; -1,600
- Business Services: 75,600; +500
- Manufacturing: 57,400; +300
- Financial Services: 51,400; +100
- Restaurants & Hotels: 44,500; +3,800
- Other Jobs: 21,200; +400
- Construction, Mining: 20,600; +1,000
- IT & Development: 8,600; -200
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.