Overall unemployment rate moved down to 3.3% with the biggest shift in Restaurants & Hotels, which lost 1,400 roles, based on the most recently available information published in November 2022.
Total employment in the Worcester, MA-CT market declined by 5,068 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 3.3%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Worcester, MA-CT unemployment rate is 2 bps below the national rate which is a positive sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 0.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Education & Healthcare: 69,100; +500
- Transportation & Utilities: 52,600; no change
- Government: 41,700; +1,300
- Business Services: 32,100; +100
- Manufacturing: 27,800; no change
- Restaurants & Hotels: 24,100; -1,400
- Financial Services: 13,300; -100
- Construction, Mining: 12,500; -300
- Other Jobs: 9,500; -400
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.