Overall unemployment rate moved up to 4.2% with the biggest shift in Restaurants & Hotels, which lost 400 roles, based on the most recently available information published in December 2022.

Total employment in the Norwich-New London-Westerly, CT-RI market declined by 1,336 jobs in October and the unemployment rate increased compared to the prior month by 10 bps to 4.2%. The national unemployment rate increased by 8 bps over the same time to 3.4%.

  • Norwich-New London-Westerly, CT-RI unemployment rate is 80 bps above the national rate which is a negative sign.
  • Unemployment in the market is 130 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 8.7% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Norwich-New London-Westerly, CT-RI Unemployment October 2022

For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:

  • Government: 25,000; +300
  • Transportation & Utilities: 21,900; +200
  • Education & Healthcare: 19,600; -300
  • Manufacturing: 18,500; +100
  • Restaurants & Hotels: 16,500; -400
  • Business Services: 8,900; no change
Norwich-New London-Westerly, CT-RI Unemployment by Industry October 2022

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.