Overall unemployment rate moved up to 3.9% with the biggest shift in Restaurants & Hotels, which gained 2,800 roles, based on the most recently available information published in June 2022.
Total employment in the Hartford-West Hartford-East Hartford, CT market rose by 9,063 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 3.9%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 52 bps above the national rate which is a negative sign.
- Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 4% and are up 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: 107,900; -200
- Government: 90,500; -2,500
- Transportation & Utilities: 89,100; +900
- Business Services: 76,900; +1,300
- Manufacturing: 57,500; +300
- Financial Services: 51,100; -300
- Restaurants & Hotels: 46,800; +2,800
- Construction, Mining: 21,200; +500
- Other Jobs: 21,100; no change
- IT & Development: 8,700; +100
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.