Overall unemployment rate stayed flat at 4.5% with the biggest shift in Restaurants & Hotels, which gained 300 roles, based on the most recently available information published in September 2022.
Total employment in the Norwich-New London-Westerly, CT-RI market declined by 639 jobs in August and the unemployment rate stayed flat. The national unemployment rate stayed flat over the same time period at 3.8%.
- Norwich-New London-Westerly, CT-RI unemployment rate is 71 bps above the national rate which is a negative sign.
- Unemployment in the market is 210 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 5.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Government: 23,700; -100
- Transportation & Utilities: 21,700; +200
- Education & Healthcare: 19,400; no change
- Manufacturing: 18,500; -100
- Restaurants & Hotels: 18,000; +300
- Business Services: 8,900; -100
- Construction, Mining: 4,500; -100
- Other Jobs: 3,300; no change
- Financial Services: 2,700; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.