Overall unemployment rate moved down to 3.5% with the biggest shift in Restaurants & Hotels, which gained 1,000 roles, based on the most recently available information published in June 2022.
Total employment in the Worcester, MA-CT market declined by 5,830 jobs in April and the unemployment rate decreased compared to the prior month by 40 bps to 3.5%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Worcester, MA-CT unemployment rate is 16 bps above the national rate which is a negative sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 8.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Education & Healthcare: 67,800; -600
- Transportation & Utilities: 52,700; -500
- Government: 42,900; +100
- Business Services: 32,300; +300
- Manufacturing: 27,100; +200
- Restaurants & Hotels: 23,200; +1,000
- Financial Services: 13,500; +200
- Construction, Mining: 11,600; +1,000
- Other Jobs: 9,600; no change
- IT & Development: 2,900; +100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.