Overall unemployment rate moved up to 5.0% with the biggest shift in Government, which lost 2,000 roles, based on the most recently available information published in March 2022.
Total employment in the Worcester, MA-CT market rose by 1,283 jobs in January and the unemployment rate increased compared to the prior month by 140 bps to 5.0%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Worcester, MA-CT unemployment rate is 57 bps above the national rate which is a negative sign.
- Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 10.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.6%. Key sectors include:
- Education & Healthcare: 67,300; -1,300
- Transportation & Utilities: 53,000; -1,700
- Government: 41,200; -2,000
- Business Services: 31,500; -600
- Manufacturing: 26,700; -100
- Restaurants & Hotels: 22,300; -200
- Financial Services: 13,400; -200
- Construction, Mining: 10,500; -1,300
- Other Jobs: 9,700; no change
- IT & Development: 2,900; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.