January 22, 2018

Dec. unemployment rate flat; CT adds 7,700 jobs in 2017

Oxford Performance Materiels employees use lasers to sculpt parts made from a high-performance thermoplastic technology. The manufacturing sector added 2,000 jobs in December 2017.

Connecticut's unemployment rate remained flat at a seasonally adjusted 4.6 percent in the final month of 2017, while adding 6,000 net jobs, according to the state Department of Labor.

Leading the way in job gains over the month was "administration and support and waste management services" with 2,800 jobs added (+3.2 percent). Meanwhile, manufacturing tacked on 2,000 jobs (+1.3 percent).

For the full year, the largest gains were seen in manufacturing, at 4,100 net jobs (2.6 percent). DOL said the strategic manufacturing sector had not seen an annual employment increase since 2010. Meanwhile, the government supersector shed 3,100 positions (-1.3 percent) last year.

Job growth last year outpaced 2016, with the state adding a seasonally adjusted 7,700 jobs, up from 5,000 in 2016, DOL said.

However, while the state's unemployment rate was flat between November and December, it was higher than Dec. 2016's 4.4 percent rate.

During 2017, the monthly unemployment rate was lower than the year-ago months in all but November and December. DOL also revised downward its initial November job loss estimate from 3,500 to 1,800.

The total number of Connecticut nonfarm jobs in December numbered 1.69 million, up from 1.68 million a year prior.

The state has now added back 76.4 percent of the jobs it lost during the 2008-2010 recent recession. There were eight states as of last summer that were still not back to even, according to Bloomberg.

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