November 16, 2017

CT shed 6,600 jobs in Oct.

Connecticut lost 6,600 mostly seasonal jobs in October yet the unemployment rate eased to 4.5 percent, state labor authorities say.

The state Labor Department said Thursday it tallied 1,680,600 jobs statewide last month.

Meantime, the labor agency revised its previous estimate of 2,000 jobs shed statewide in September to a 300-job gain. The state's jobless rate was 4.6 percent in September, same as in Oct. 2016.

October's unemployment headcount fell by 1,500, while the number of employed state residents fell by 6,400, said labor department research Director Andy Condon.

"October's decline of 6,600 seasonally adjusted payroll jobs is not good news, but it is not as bad as it appears," Condon said. "Nearly half the decline comes from the very seasonal leisure & hospitality sector. This loss is exaggerated because the very high summer peak season employment levels were well ahead of last year."

The U.S. jobless rate last month was 4.1 percent, down from 4.2 percent in September.

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