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Feb. 24, 2025

Despite setbacks, investors remain bullish on CT’s bioscience sector, but changes in Washington raise uncertainty

David Krechevsky

The state’s bioscience sector is a lot like that box of chocolates in the film “Forrest Gump” — you never know what you’re going to get.

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Will CT add more or fewer than 16,000 jobs in 2025?
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Connecticut employers added 16,000 jobs across industries in 2024, the state Department of Labor said in its annual jobs summary released Friday.

According to the DOL, the labor force in Connecticut hit a new high of 1.96 million workers, with a labor force participation rate of 65% in 2024. Nationally, the labor force participation rate is 62.6%.

Also, the state’s unemployment rate was relatively flat, ranging from 3% and 3.3% over the last 24 months.

The number of jobs added in 2024 was about 18.4% less than the 19,600 jobs added in 2023.

In January, Connecticut added another 2,300 jobs.

DOL Commissioner Danté Bartolomeo said the statewide economy remains “in good shape” and the year is off to a positive start. 

However, she warned that changes at the national level — related to tariffs, federal spending and other factors — could impact Connecticut’s economy for the remainder of 2025.
 

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