April 19, 2018

CT lost 2K jobs in March; unemployment rate falls slightly

Connecticut's unemployment rate slightly dropped to 4.5 percent in March, although the state lost 2,000 net jobs, according to the state Department of Labor.

March represented the first month Connecticut lost jobs since Oct. 2017, labor officials said, and the the largest declines were in retail trade and accommodations and food services. Both industries were negatively affected by nor'easters last month, officials said.

DOL said there were 86,381 people unemployed in March, down from 527 in February.

Private sector employment fell by 1,900 jobs over the month, but remains up 12,200 seasonally adjusted jobs over the year, it said.

Professional and business services led growing industries in March with 700 net new jobs.

Over the year, nonfarm employment in the state is up by 7,800 jobs.

Connecticut has regained more than 80 percent, or 95,800 jobs, of the 119,100 jobs lost in the recession from March 2008 to Feb. 2010, DOL said.

Comments
Free E-Newsletters

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

 
Today's Poll Should the state pay off Hartford's entire $550M in general obligation debt?<>
ADVERTISEMENTS
Most Popular on Facebook
Copyright 2017 New England Business Media