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November 16, 2023

CT added 3,700 jobs in Oct.; private sector employment at ‘all-time high’

Pixabay | sasint Connecticut has fully recovered the healthcare jobs it lost during the start of the pandemic.

Connecticut continued its streak of job gains in October, as employers added 3,700 jobs last month, according to new data from the state Department of Labor. 

The state’s unemployment rate held steady at 3.5%. The U.S. unemployment rate is 3.9%.

September’s job gains were also revised upward by 500 jobs to 3,700 positions added, labor officials said. 

Connecticut has added 25,600 jobs so far in 2023. The state has also fully regained the more 289,100 jobs that were lost during the March-April 2020 COVID lockdown, labor officials said.

The state's nonfarm industry employment is 1.8% (or 29,300 positions) higher compared to year-ago levels. 

"Connecticut added jobs in eight of the ten months of 2023 so far, private sector employment is now at an all-time high, and the unemployment rate remains very low," said Patrick Flaherty, director of the Office of Research at the Connecticut Department of Labor. "Growth has come from a wide range of industries, but it is worth noting that the Health Care & Social Assistance sector, which contracted sharply at the beginning of the pandemic, is now more than fully recovered."

Connecticut’s labor force participation rate of 64.1% remains higher than the national average of 62.7%, DOL said. Employers are currently hiring for about 66,000 positions and the state has fewer than 20,000 weekly unemployment filers, DOL said.
Six of the 10 major industry supersectors added jobs in October, while four declined.

The six industry supersectors that increased employment in October were :

  • Trade, Transportation & Utilities +2,600, 0.9%, 302,600
  • Educational and Health Services +1,400, 0.4%, 357,500
  • Other Services +800, 1.3%, 63,100
  • Construction and Mining +600, 1.0%, 61,700
  • Information +300, 0.9%, 32,000
  • Government +100, 0.04%, 231,700

The four industry supersectors that decreased jobs in October were:

  • Leisure and Hospitality -800, -0.5%, 154,300
  • Manufacturing -800, -0.5%, 158,000
  • Financial Activities -300, -0.3%, 114,400
  • Professional and Business Services -200, -0.1%, 223,400

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