March 21, 2019

CT starts 2019 with net job loss, after second revision

Photo | Contributed
Photo | Contributed
A construction crew works on an I-84 bridge in Southington.

Just weeks after a data revision that cut Connecticut's 2018 job gains in half, the first month of the new year started with a similar treatment.

The state Department of Labor on Thursday revised its initial estimate that the state added 1,000 jobs in January. Instead, Connecticut lost 2,500 jobs, DOL said. However, the jobless rate for the month remained at 3.8 percent.

DOL also announced its initial February jobs estimate on Thursday, saying the state shed 400 net jobs. The unemployment rate was unchanged.

Connecticut now has more than 1.6 million seasonally adjusted jobs and still has an estimated 73,900 unemployed residents.

Andy Condon, DOL's director of research, said the January revision was "partly due to the normal revision process as more data became available for the sample, and partly due to a correction to estimates on our construction supersector."

In February, half of Connecticut's 10 major industry supersectors added jobs and four declined.

Professional and business services led job growth, adding 800 jobs for a total of 217,600 jobs. Trailing were manufacturing with 600 new jobs, while information added 200 jobs and government and other services added 100 positions.

Jobs declines were led by the trade, transportation and utilities supersector with a loss of 1,000 jobs, followed by education and health services with a decline of 600 jobs. Leisure and hospitality, meantime, shed 400 jobs and construction and mining cut another 400.

The New Haven metro area saw the greatest growth last month, adding 500 jobs, followed by the Bridgeport-Stamford-Norwalk market, which gained 300. The Hartford area saw a loss of 2,300 jobs, DOL said.

Connecticut has recovered 80.7 percent (97,100 jobs) of the 120,300 seasonally adjusted jobs it lost in the 2008-2010 Great Recession.

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