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May 2, 2017

Report: CT's employment recovery worst in the Northeast

HBJ File Photo Connecticut has the slowest job recovery rate in the Northeast, according to the state's Department of Labor.

Connecticut has the slowest economic recovery rate in the Northeast, according to the Connecticut Department of Labor.

In its latest economic digest, the state Department of Labor highlights the state’s job growth since the Great Recession, during which time Connecticut has regained only 74 percent, or 91,200, of the 119,100 jobs lost.

That’s more than 23 percentage points below its nearest Northeast competitor, the state of Maine, according to CTDOL and the U.S. Bureau of Labor Statistics. Connecticut, which had 1.7 million jobs at peak employment in March 2008, had more than 1.6 million jobs as of Feb. 2017, according to the report.

Massachusetts has a recovery rate of 293 percent, and New York’s recovery rate is the highest in the region at 307 percent, statisticians found. Overall, the U.S. has a 184 percent recovery rate.

Despite these challenges, continued growth in Connecticut is expected over the next two years, state labor officials say. Short term, overall employment is projected to increase by eight-tenths of a percent through the second quarter of 2018.

The mix of growth also is changing, with more opportunity in the manufacturing sector and less in the health and education sectors, the report found.

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