Overall unemployment rate moved up to 5.0% with the biggest shift in Business Services, which gained 2,100 roles, based on the most recently available information published in April 2022.
Total employment in the Hartford-West Hartford-East Hartford, CT market rose by 2,268 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 5.0%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 86 bps above the national rate which is a negative sign.
- Unemployment in the market is 320 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 3.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Education & Healthcare: 107,300; +1,600
- Government: 93,200; +1,200
- Transportation & Utilities: 89,600; -200
- Business Services: 73,600; +2,100
- Manufacturing: 56,800; -400
- Financial Services: 50,500; -100
- Restaurants & Hotels: 38,600; no change
- Other Jobs: 20,800; no change
- Construction, Mining: 18,700; -800
- IT & Development: 8,900; 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.