With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in New London, CT.
New London offers a variety of industries for job seekers to explore and consider. Health care, retail, education, manufacturing, and entertainment are some of the key sectors in this city. With diverse opportunities available, it is evident that New London caters to different skill sets and interests among its residents. A strong workforce ensures the success of these industries, which ultimately contributes to the overall economic growth of the city.
In the city, individuals seeking employment can enjoy a variety of benefits. With an average salary of $63,345, earnings in this location may be slightly below the national average by 8.5%, but the cost of living is also about 8.0% lower than average, providing a balance for residents. A notable percentage of people, at 37%, receive insurance coverage from their employer, adding to the overall appeal of working in this area. Furthermore, the commute time averages at a reasonable 19.5 minutes, contributing to a manageable work-life balance. In summary, the city offers a promising environment for jobseekers who value affordability and moderate commute times.
New London, CT currently experiences an unemployment rate of 13.20%, which is above the national average of 3.8%. Despite this higher rate, the city is anticipated to witness a strong growth in its future job market. In light of these factors, New London's local economy and job prospects exhibit potential for improvement and development, ensuring prospective jobseekers can find opportunities within the city. This positive outlook on future job market growth showcases the resilience and adaptability of New London's employment landscape.
Experience the charm and opportunities that New London, CT has to offer. To find jobs in New London tailored to your skills and experience, connect with us at Joblift and explore our advanced search tools and Job Coach feature.