CBIA Response to November’s Employment Report

“November brings the first monthly job declines since April, stalling the state’s recovery from the historic losses of March and April,” CBIA president and CEO Chris DiPentima said today.

“The latest employment report shows that the state’s economy is on a knife’s edge. Colder weather and the surge in COVID-19 cases is playing havoc across a number of industries, particularly in the leisure and hospitality sector.

“In the short term, it is critical that the state provide immediate, additional support for small businesses while Congress remains deadlocked on a second federal relief package.

“In the near to long term, the November jobs report must serve as a reminder to lawmakers—particularly as we approach the 2021 legislative session—of the economy’s fragility.

“It is essential that we support businesses at this critical time, helping them manage the high costs of navigating the pandemic, create and retain jobs, and lead the rebuilding of our economy stronger and better than it has been in many years.

“The November job losses also reinforce the need for every Connecticut resident to do the right thing: wear your face mask, maintain social distancing, and practice good hygiene—we’re all in this together and we’ll get through it together.”

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 Joe Budd (860.244.1951).