State manufacturing jobs boom with 2,000 job gain

Published on Monday, 5 February 2018 20:13
Written by Angie DeRosa

@ADeRosaNBH

WETHERSFIELD-The state’s manufacturing industry is booming as it gained 2,000 jobs in December, according to a report by the Connecticut Department of Labor released last week.

“December job growth ended the year on a better note than in previous months,” Andy Condon, director of the Office of Research, said.

Manufacturing was in the top three of major industry supersectors that gained employment in December.

Professional and business services led the growing industries with 2,700 net new jobs, followed by trade, transportation and utilities with 2,600 jobs.

Condon pointed out that the increase in job growth for strategic manufacturing has not seen such a growth since 2010, and before that in 1997.

Other services dropped an estimated 1,200 jobs in December including construction and mining industry, which lost 1,000 jobs.

Overall the state gained 6,000 jobs at the end of 2017. Throughout the year nonagricultural employment in the state grew by 7,700 jobs.

Connecticut’s unemployment rate remained unchanged at 4.6 percent. The United States jobless rate in December 2017 was 4.1 percent, unchanged from November.

Connecticut has now recovered 76.4 percent, or 91,000 jobs, of the 119,100 seasonally adjusted jobs lost during the 2008-2010 recession.

The job recovery is into its 94th month and the state needs an additional 28,100 jobs to reach an overall nonfarm employment expansion.

The state’s private sector has now recovered 96.6 percent, or 107,900 jobs, of the 111,700 private sector jobs lost in that same time.

In addition, three of six of the Labor Market Areas (LMA) in the state that are seasonally-adjusted by the U.S. Bureau of Labor Statistics saw job increases last month and two saw declines.

The Hartford LMA led growth in the state with 1,400 net new jobs.

The Norwich-New London-Westerly LMA saw an increase of 500 jobs and the Danbury LMA saw a gain of 100 jobs.

Bridgeport-Stamford-Norwalk led declines in December with a loss of 700 jobs. Waterbury was next with a loss of 200 jobs and the New Haven LMA saw a decline of 100 jobs.



Posted in The Bristol Press, General News, Manufacturing, on Monday, 5 February 2018 20:13. Updated: Monday, 5 February 2018 20:16.