Overall unemployment rate moved up to 4.6% with the biggest shift in Education & Healthcare, which gained 1,800 roles, based on the most recently available information published in April 2023.
Total employment in the Hartford-West Hartford-East Hartford, CT market declined by 8,857 jobs in February and the unemployment rate increased compared to the prior month by 50 bps to 4.6%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 71 bps above the national rate which is a negative sign.
- Unemployment in the market is 40 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 4.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Education & Healthcare: 113,300; +1,800
- Government: 93,700; +1,500
- Transportation & Utilities: 92,200; -400
- Business Services: 74,800; -800
- Manufacturing: 54,800; +100
- Financial Services: 49,800; -200
- Restaurants & Hotels: 42,000; -300
- Other Jobs: 21,600; no change
- Construction, Mining: 19,500; -600
- IT & Development: 8,900; +100
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.