Overall unemployment rate moved up to 4.3% with the biggest shift in Government, which lost 1,100 roles, based on the most recently available information published in September 2022.

Total employment in the Springfield, MA-CT market declined by 2,240 jobs in August and the unemployment rate increased compared to the prior month by 10 bps to 4.3%. The national unemployment rate stayed flat over the same time period at 3.8%.

  • Springfield, MA-CT unemployment rate is 51 bps above the national rate which is a negative sign.
  • Unemployment in the market is 200 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 4.5% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Springfield, MA-CT Unemployment August 2022

For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:

  • Education & Healthcare: 83,400; -100
  • Government: 60,000; -1,100
  • Transportation & Utilities: 58,400; +200
  • Restaurants & Hotels: 35,100; -300
  • Manufacturing: 29,500; +100
  • Business Services: 25,800; -400
  • Financial Services: 14,800; no change
  • Construction, Mining: 12,900; +100
  • Other Jobs: 12,300; +100
  • IT & Development: 2,800; no change
Springfield, MA-CT Unemployment by Industry August 2022

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.