CBIA Response to March 2025 Employment Report

The state’s largest business organization issued the following response to today’s release of the March 2025 employment report. 

“With March’s losses, Connecticut has now lost a concerning 4,700 jobs to begin the year,” said CBIA president and CEO Chris DiPentima.

“This is a particularly troubling start to the year—reversing the traditional trend of first quarter job growth.

“Job openings in Connecticut have grown 17% since before the pandemic—the biggest increase in the region and more than double the national rate of 8%.

“Over that same period, the labor force has only grown 1.3%—second slowest in the region and well behind the national rate of 3.8%.

“Connecticut employers continue to do everything they can to attract and retain  talent to meet the demand for their products and services. 

“Average weekly earnings are up 4.7% and Connecticut has the third lowest quits rate and ninth lowest total separations rate in the country.

“Yet our hiring rate ranks 46th—with 82,000 job openings there are 1.3 open jobs for every unemployed person in the state.

“With growing economic uncertainty, there is an urgent need for solutions that will better connect residents with the high number of job openings.”

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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).