Overall unemployment rate moved up to 3.7% with the biggest shift in Education & Healthcare, which lost 700 roles, based on the most recently available information published in August 2022.
Total employment in the Worcester, MA-CT market rose by 2,006 jobs in June and the unemployment rate increased compared to the prior month by 20 bps to 3.7%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Worcester, MA-CT unemployment rate is 14 bps below the national rate which is a positive sign.
- Unemployment in the market is 270 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 5.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Education & Healthcare: 67,300; -700
- Transportation & Utilities: 53,500; +400
- Government: 42,400; -500
- Business Services: 32,700; -300
- Manufacturing: 27,500; +400
- Restaurants & Hotels: 25,400; +600
- Financial Services: 13,400; +100
- Construction, Mining: 12,500; +600
- Other Jobs: 9,900; +200
- IT & Development: 2,900; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.