Overall unemployment rate moved down to 4.2% with the biggest shift in Restaurants & Hotels, 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 12,860 jobs in March and the unemployment rate decreased compared to the prior month by 80 bps to 4.2%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 45 bps above the national rate which is a negative sign.
- Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 2.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Education & Healthcare: 107,500; -100
- Government: 93,400; +100
- Transportation & Utilities: 90,400; +700
- Business Services: 75,000; +1,100
- Manufacturing: 57,000; no change
- Financial Services: 51,200; +300
- Restaurants & Hotels: 41,100; +2,100
- Other Jobs: 20,700; -100
- Construction, Mining: 19,500; +500
- IT & Development: 8,700; -100
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.