Overall unemployment rate moved up to 4.1% with the biggest shift in Restaurants & Hotels, which lost 2,300 roles, based on the most recently available information published in March 2023.
Total employment in the Hartford-West Hartford-East Hartford, CT market declined by 2,061 jobs in January and the unemployment rate increased compared to the prior month by 100 bps to 4.1%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Hartford-West Hartford-East Hartford, 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 January versus prior month by 3.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.7%. Key sectors include:
- Education & Healthcare: 111,200; -800
- Transportation & Utilities: 92,800; -2,200
- Government: 92,200; -2,000
- Business Services: 74,700; -400
- Manufacturing: 54,600; -800
- Financial Services: 50,000; -600
- Restaurants & Hotels: 42,800; -2,300
- Other Jobs: 21,600; +100
- Construction, Mining: 20,300; -700
- IT & Development: 8,900; no change
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.