Labor Connecticut sheds 500 jobs in September

October 18, 2018 GMT

Connecticut’s accelerating job growth hit a speed bump as it lost 500 jobs in September, according to a report issued Thursday by the state’s Department of Labor.

August’s initial report of 1,100 jobs gained was revised to an increase of 3,300, which tempers the loss of jobs reported in September. For the year, Connecticut has added 19,900 jobs.

The state’s unemployment rate fell one-tenth of a point to 4.2 percent. The U.S. unemployment rate is 3.7 percent.

“Despite the drop of 500 jobs in September, Connecticut’s labor market appears strong,” Andy Condon, director of the Office of Research, said in a statement. “Annual growth increased to nearly 20,000 jobs. Only the trade, information and government supersectors show annual job losses.”

The numbers are based on a business payroll survey conducted by the U.S. Bureau of Labor Statistics.

In a reverse of state employment trends, the private sector lost jobs in September and the government sector added jobs. The private sector lost 1,000 jobs in September, but has added 23,400 jobs for the year. Government added 500 jobs in September, but has lost 3,500 for the year. The government sector includes all federal, state and local employment, including public higher education and Native American casino employment.

In September, construction and financial activities led all supersectors with 1,000 jobs gained each. Manufacturing also grew by 800 jobs. The trade, transportation & utilities supersector lost 2,300 positions, while leisure & hospitality dropped 1,100 jobs.

The state has recovered 89.9 percent of the jobs lost during the recession that started in March 2008. It needs 12,000 jobs to reach expansion. The private sector has gained 113 percent of the jobs lost during the recession.

The Hartford and Bridgeport-Stamford-Norwalk labor market areas each gained jobs in September. The New Haven, Waterbury, Danbury and Norwich-New London-Westerly, RI markets lost jobs.

The writer may be reached at cbosak@hearstmediact.com; 203-731-3338