Employment up 3,400 in January

Published on Monday, 19 March 2018 21:11
Written by Angie DeRosa

@ADeRosaNBH

WETHERSFIELD-Connecticut gained 3,400 jobs in January, while the unemployment rate was unchanged, according to a survey administered by the U.S. Bureau of Labor Statistics.

Over the year, nonagricultural employment in the state grew by 5,500 jobs, or 0.5 percent, and by 3,400, or 0.2 percent, in January.

December’s 2017 originally released job gain of 6,000 was revised downward 300 by the BLS to a gain of 5,700 for the month.

The number of the state’s unemployed residents was estimated at 86,800, seasonally adjusted, up 400 from December.

As a result, Connecticut’s unemployment rate remained unchanged at 4.5 percent in January, seasonally adjusted.

Resident employment estimates include the self-employed and residents working out of state and are determined separately from the nonfarm payroll job estimates above.

Private sector employment grew by 0.3 percent to 1.5 million jobs in January and 0.6 percent seasonally adjusted jobs over the year.

Five of the 10 major industry supersectors gained employment, while four declined and the information supersector was unchanged.

Trade, transportation and utilities led with 1,600 new jobs. Professional and business services were next with an increase of 1,500 jobs. Education and health services added 400 jobs and financial activities contributed 200 new jobs.

The manufacturing supersector dropped 500 jobs, although the sector was at the top of growth in 2017 for the first time in many years.

The construction and government supersectors lost 300 jobs each in January. Leisure and hospitality also saw a loss, dropping 100 jobs.

Additionally, the survey indicates that Connecticut has recovered 9.6 percent, or 94,800 jobs, of the 119,100 seasonally adjusted jobs lost in the recession from March 2008 to February 2010.

The job recovery is into its 95th month and the state needs an additional 24,300 jobs to reach an overall nonfarm employment expansion. The state’s private sector has now recovered 100 percent, or 111,700, of the private sector jobs lost in that same employment downturn.



Posted in The Bristol Press, Manufacturing on Monday, 19 March 2018 21:11. Updated: Monday, 19 March 2018 21:13.