CT Goes Backwards, LOSES Jobs in FebruaryMarch 24, 2017
A report out Thursday from Connecticut's Department of Labor reveals that the state actually lost jobs in February.
“We saw a 1,600 job decline in February, although some of that loss may be attributable to very poor weather during the survey reference week,” said Andy Condon, Director of the Office of Research. “While the unemployment rate moved up to 4.7%, labor force also grew, indicating potential workers seeing opportunity in a low unemployment rate environment.”
The Yankee Institute highlighted the fact that DOL blamed the job losses on the weather, and noted “winter weather may not be enough to explain Connecticut’s poor year-over-year job growth.”
There’s also the fact that Connecticut’s February was, on average, warmer than prior winters.
Connecticut’s unemployment rate ticked up to 4.7 percent, the highest it has been since September 2016.
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