Overall unemployment rate moved up to 4.1% with the biggest shift in Government, which lost 4,400 roles, based on the most recently available information published in August 2022.
Total employment in the Hartford-West Hartford-East Hartford, CT market rose by 3,221 jobs in June and the unemployment rate increased compared to the prior month by 20 bps to 4.1%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 26 bps above the national rate which is a negative sign.
- Unemployment in the market is 300 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 3.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Education & Healthcare: 108,100; no change
- Transportation & Utilities: 89,800; +600
- Government: 86,200; -4,400
- Business Services: 77,000; +1,400
- Manufacturing: 58,400; +900
- Financial Services: 52,100; +700
- Restaurants & Hotels: 49,100; +2,400
- Other Jobs: 21,700; +500
- Construction, Mining: 21,200; -200
- IT & Development: 8,800; +100
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.