Overall unemployment rate moved up to 3.9% with the biggest shift in Government, which gained 2,100 roles, based on the most recently available information published in December 2022.
Total employment in the Hartford-West Hartford-East Hartford, CT market declined by 2,124 jobs in October and the unemployment rate increased compared to the prior month by 10 bps to 3.9%. The national unemployment rate increased by 8 bps over the same time to 3.4%.
- Hartford-West Hartford-East Hartford, CT unemployment rate is 50 bps above the national rate which is a negative sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 4.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:
- Education & Healthcare: 111,100; +1,000
- Government: 92,900; +2,100
- Transportation & Utilities: 90,000; no change
- Business Services: 77,700; +600
- Manufacturing: 56,800; +100
- Financial Services: 50,500; -200
- Restaurants & Hotels: 48,000; +1,400
- Construction, Mining: 22,400; +700
- Other Jobs: 20,700; -100
Data is based on the most recent 12 months available, through October 2022 (Data published December 2022 and reports created on December 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.