March 12, 2018

DOL: CT private sector regains recessionary job losses

PHOTO | Contributed
PHOTO | Contributed
A Pratt & Whitney employee works on one of the East Hartford company's jet engines.

Connecticut's private sector has officially re-recovered all of the nearly 112,000 jobs it lost during the 2008-2010 recession, the state Department of Labor said Friday.

The private sector added 3,700 jobs in January, thanks to job growth in retail, trade/transportation/utilities, and professional and business services.

It's not the first time Connecticut's private sector employment has reached a 100-percent recovery level. It happened last year but job losses meant it wasn't sustained for long, according to CT News Junkie.

Overall, including government and tribal jobs, Connecticut added 3,400 jobs during the first month of the year, with the unemployment rate remaining flat at 4.5 percent, but down from 4.9 percent in Jan. 2017.

Overall, Connecticut has recovered 80 percent of the 119,000 jobs it lost during the last recession, according to DOL.


Type your comment here:

Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

Today's Poll Would lowering income taxes and boosting the sales tax make Connecticut more competitive?<>
Most Popular on Facebook
Copyright 2017 New England Business Media