Overall unemployment rate moved down to 3.9% with the biggest shift in Business Services, which gained 400 roles, based on the most recently available information published in April 2022.
Total employment in the Worcester, MA-CT market rose by 2,912 jobs in March and the unemployment rate decreased compared to the prior month by 50 bps to 3.9%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Worcester, MA-CT unemployment rate is 15 bps above the national rate which is a negative sign.
- Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 8.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Education & Healthcare: 68,500; +100
- Transportation & Utilities: 53,000; no change
- Government: 43,000; +300
- Business Services: 32,000; +400
- Manufacturing: 26,900; +200
- Restaurants & Hotels: 22,200; -300
- Financial Services: 13,300; -200
- Construction, Mining: 10,600; +200
- Other Jobs: 9,600; -100
- IT & Development: 2,900; +100
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.