Overall unemployment rate moved down to 2.7% with the biggest shift in Business Services, which gained 1,400 roles, based on the most recently available information published in June 2023.
Total employment in the Worcester, MA-CT market rose by 1,923 jobs in April and the unemployment rate decreased compared to the prior month by 140 bps to 2.7%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Worcester, MA-CT unemployment rate is 40 bps below the national rate which is a positive sign.
- Unemployment in the market is 90 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -0.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Education & Healthcare: 70,300; +500
- Transportation & Utilities: 52,700; -300
- Government: 46,100; +100
- Business Services: 34,100; +1,400
- Manufacturing: 27,600; +100
- Restaurants & Hotels: 24,700; +300
- Financial Services: 14,000; -100
- Construction, Mining: 12,100; +400
- Other Jobs: 10,700; +200
- IT & Development: 2,700; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.