October 19, 2017

CT lost 2,000 jobs in Sept.

Connecticut shed 2,000 jobs in September yet the jobless rate declined to 4.6 percent, state labor authorities say.

An early estimate from the federal Bureau of Labor Statistics found Connecticut nonfarm job employment was 1,684,900 last month, the state Department of Labor said Thursday.

Meantime, August's statewide loss of 3,900 jobs was revised to a loss of 4,200 jobs, the state labor agency said. Connecticut's August unemployment rate was 4.8 percent, same as it was in Sept. 2016.

The reason the September jobless rate fell, despite a loss of jobs, was that while the number of unemployed residents in the state fell by 5,032, the number of employed residents also declined, by 4,344, the state said.

"September's decline of 2,000 seasonally adjusted payroll jobs caps a slow third quarter for Connecticut job growth," said labor department research Director Andy Condon. "Annual job growth is now only 3,500, though the private sector is doing considerably better."

The U.S. jobless rate in September was 4.2 percent.

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