Overall unemployment rate moved down to 2.9% with the biggest shift in Business Services, which lost 1,700 roles, based on the most recently available information published in June 2023.
Total employment in the Hartford-West Hartford-East Hartford, CT market rose by 1,171 jobs in April and the unemployment rate decreased compared to the prior month by 130 bps to 2.9%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 20 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 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 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Education & Healthcare: 113,700; +900
- Government: 93,900; -400
- Transportation & Utilities: 91,000; -200
- Business Services: 76,800; -1,700
- Manufacturing: 54,200; -400
- Financial Services: 49,700; -100
- Restaurants & Hotels: 45,000; +1,700
- Other Jobs: 21,800; +300
- Construction, Mining: 20,800; +1,300
- IT & Development: 9,000; +100
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.