Overall unemployment rate moved down to 3.6% with the biggest shift in Government, which gained 1,700 roles, based on the most recently available information published in December 2022.

Total employment in the Springfield, MA-CT market rose by 3,823 jobs in October and the unemployment rate decreased compared to the prior month by 10 bps to 3.6%. The national unemployment rate increased by 8 bps over the same time to 3.4%.

  • Springfield, MA-CT unemployment rate is 20 bps above the national rate which is a negative sign.
  • Unemployment in the market is 170 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 1.8% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Springfield, MA-CT Unemployment October 2022

For key employment segments of the market, total jobs grew by 1.0% . Key sectors include:

  • Education & Healthcare: 85,900; +1,300
  • Government: 65,500; +1,700
  • Transportation & Utilities: 59,900; +400
  • Restaurants & Hotels: 32,300; -1,300
  • Manufacturing: 29,600; +200
  • Business Services: 26,300; +700
  • Financial Services: 14,800; +100
  • Construction, Mining: 12,800; no change
  • Other Jobs: 12,200; +300
Springfield, MA-CT 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.