CBIA Response to November 2023 Employment Report

The state’s largest business organization issued the following response to today’s release of the November 2023 employment report. 

CBIA president and CEO Chris DiPentima called the addition of 500 jobs “modest growth that continues the positive trends of the past year.”

“Our labor force also grew by 1,100 people in November—marking three straight months of gains, although we’re still 13,600 below where we were a year ago.

“We have 1.3 job openings for every unemployed person, and while we continue to see encouraging trends, it’s clear that job growth is not keeping pace with the demands of our economy. 

“In recent months, we have seen encouraging news about the housing market, population growth, and more college graduates staying in Connecticut to begin their careers.

“It’s critical that we capitalize on these tailwinds to kickstart additional growth and unlock Connecticut’s economic potential. 

“We must expand workforce development programs and enact solutions to tackle critical issues like childcare, housing, and affordability that will make Connecticut a more attractive place to live and work for all residents.”

CBIA is Connecticut’s largest business organization, with thousands of member companies, small and large, representing a diverse range of industries from every part of the state. For more information, please contact Scott Beaulieu (860.244.1929).