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For the 5th Time in 11 Months, Connecticut Loses Jobs

December 21, 2017 By Staff
For the 5th Time in 11 Months, Connecticut Loses Jobs

It's the seventh year in Dan Malloy's tenure as governor, and the state is still struggling to make up for the Great Recession.

There was more bad news for Connecticut’s economy on Thursday morning.

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The Connecticut Department of Labor announced that the state lost 3,500 net jobs in November 2017.

Preliminary Connecticut nonfarm job estimates from the business payroll survey administered by the US Bureau of Labor Statistics (BLS) show the state lost 3,500 net jobs (-0.2%) in November 2017, to a level of 1,677,500, seasonally adjusted. Over the year, nonagricultural employment in the state fell by 700 jobs (-0.04%). October’s originally-released job loss of 6,600 was revised upward by the BLS to a loss of 6,200 for the month. The number of the state’s unemployed residents increased by 1,400, while the number of residents employed fell by 5,000. As a result, Connecticut’s unemployment rate increased by one-tenth of a point to 4.6% in November, seasonally adjusted.

Worse, it’s the fifth month of job loss in Connecticut out of 11 months in the year.

  • January 2017: 1,684,000 people in nonfarm employment (+6,500 jobs)
  • February 2017: 1,684,100 (+100 jobs)
  • March 2017: 1,684,700 (+600 jobs)
  • April 2017: 1,681,600 (-3,100 jobs)
  • May 2017: 1,687,200 (+5,600 jobs)
  • June 2017: 1,692,800 (+5,600 jobs)
  • July 2017: 1,691,100 (-1,700 jobs)
  • August 2017: 1,686,900 (-4,200 jobs)
  • September 2017: 1,687,200 (+300 jobs)
  • October 2017: 1,681,000 (-6,200 jobs)
  • November 2017: 1,677,500 (-3,500 jobs)

The Connecticut economy is now back to where it was at the end of December 2016, meaning the state has, in effect, created no new net jobs in 2017.

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