CBIA Response to June 2023 Employment Report

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

“June’s jobs report is very disappointing, given it erased most of May’s big gains,” CBIA president and CEO Chris DiPentima said.

“There was some positive news, with construction and manufacturing posting gains, but that was offset by declines across most other sectors.

“The June numbers point to the ongoing volatility in Connecticut’s job market while highlighting the challenges we face with resolving the labor shortage crisis.

“The leisure and hospitality sector’s significant losses spotlight that volatility—that sector historically gains jobs in June, not lose 1,700 positions.

“Connecticut’s year-over-year job growth is now just 1.2%, well below the national average of 2.5%, and among the slowest of all states.

“In addition, the labor force declined for a sixth consecutive month and is down 39,600 people (2%) over the last 12 months.

“Job growth is essential for building a robust, vibrant economy and we must address the factors driving the labor shortage and employment in the state.”

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).