Overall unemployment rate moved down to 4.1% with the biggest shift in Education & Healthcare, which gained 500 roles, based on the most recently available information published in May 2023.
Total employment in the Worcester, MA-CT market declined by 2,239 jobs in March and the unemployment rate decreased compared to the prior month by 30 bps to 4.1%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Worcester, MA-CT unemployment rate is 48 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in March versus prior month by -1.3% 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: 69,900; +500
- Transportation & Utilities: 53,100; +300
- Government: 46,000; -100
- Business Services: 32,800; -500
- Manufacturing: 27,500; +100
- Restaurants & Hotels: 24,400; +500
- Financial Services: 14,100; no change
- Construction, Mining: 11,700; +100
- Other Jobs: 10,600; +100
- IT & Development: 2,700; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.