Overall unemployment rate moved up to 4.4% with the biggest shift in Government, which lost 7,300 roles, based on the most recently available information published in August 2022.
Total employment in the Hartford-West Hartford-East Hartford, CT market declined by 2,611 jobs in July and the unemployment rate increased compared to the prior month by 30 bps to 4.4%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 62 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 5.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.3%. Key sectors include:
- Education & Healthcare: 107,600; -400
- Transportation & Utilities: 88,900; -900
- Government: 79,200; -7,300
- Business Services: 77,800; +800
- Manufacturing: 57,500; no change
- Financial Services: 51,100; -1,000
- Restaurants & Hotels: 50,400; +800
- Construction, Mining: 21,800; +500
- Other Jobs: 21,500; -100
- IT & Development: 8,800; no change
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.