Overall unemployment rate moved down to 4.2% with the biggest shift in Business Services, which gained 3,100 roles, based on the most recently available information published in May 2023.
Total employment in the Hartford-West Hartford-East Hartford, CT market rose by 602 jobs in March and the unemployment rate decreased compared to the prior month by 30 bps to 4.2%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 58 bps above the national rate which is a negative sign.
- Unemployment in the market is 30 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 4.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Education & Healthcare: 112,700; -600
- Government: 94,100; +400
- Transportation & Utilities: 91,200; -1,100
- Business Services: 78,900; +3,100
- Manufacturing: 54,500; -500
- Financial Services: 49,800; no change
- Restaurants & Hotels: 43,300; +1,400
- Other Jobs: 21,800; +200
- Construction, Mining: 19,400; -200
- IT & Development: 8,900; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.