Overall unemployment rate moved up to 4.2% with the biggest shift in Government, which lost 1,700 roles, based on the most recently available information published in March 2023.
Total employment in the Worcester, MA-CT market rose by 6,394 jobs in January and the unemployment rate increased compared to the prior month by 90 bps to 4.2%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Worcester, MA-CT unemployment rate is 34 bps above the national rate which is a negative sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in January versus prior month by -1.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -2.0%. Key sectors include:
- Education & Healthcare: 68,400; -900
- Transportation & Utilities: 53,900; -1,400
- Government: 44,700; -1,700
- Business Services: 32,600; -300
- Manufacturing: 27,300; +100
- Restaurants & Hotels: 23,600; -1,000
- Financial Services: 14,300; no change
- Construction, Mining: 11,600; -600
- Other Jobs: 10,300; -200
- IT & Development: 2,700; no change
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.