Labor report says Connecticut lost 400 net jobs in February
WETHERSFIELD, Conn. (AP) — A state report shows Connecticut lost 400 net jobs in February, an estimate that comes weeks after revised figures dramatically cut the state’s 2018 job gains.
The Department of Labor’s monthly report, released Thursday, shows the state’s February 3.8 percent unemployment rate remains unchanged from January. It’s the same as the national unemployment rate.
While Andy Condon, director of the agency’s Office of Research, describes the February job loss as a “small decline,” he notes how “January’s final revision was sharply down from our preliminary release.” He says that’s due partly to more data becoming available and corrected job employment estimates in the construction industry.
Federal labor economists scaled back Connecticut’s 2018 job growth figures to an increase of 10,000 jobs from an initial report of nearly 20,000 jobs.