Connecticut recorded a third straight month of job growth in November (albeit adding a modest 100 jobs), with the unemployment rate falling to 8.4 percent, the lowest since June, 2009.
The state Department of Labor also revised its October numbers, adding 1,000 jobs to the previously reported gain of 6,500 jobs for that month.
Three months of new jobs was positive news.
Nonetheless, Governor Dannel Malloy quickly pointed out that we face considerable challenges to make Connecticut economically competitive, noting that "the state for too long sat idle, letting opportunities for job growth occur elsewhere. We can no longer afford to sit by and let that happen."
“While it’s good news that the state’s unemployment rate has declined for the third consecutive month in a row...the [unemployment] report also points out the challenges we continue to face,” the Governor said today.
“That’s why, utilizing many of the tools our state adopted in a bipartisan manner during the Jobs Special Session this autumn
, we must aggressively keep Connecticut competitive by working with businesses–local, national and international–on relocation and expansion in our state."
The professional and business services sector added 1,300 jobs in the month, leading all sectors. Leisure and hospitality added 800 jobs.
Manufacturing broke a three-month pattern of losses, adding 300 jobs. Construction reversed last month's gains, losing 1,300 jobs.
Over the 11 months of 2011, Connecticut saw seven months of job gains against four months of job losses (see figure above).
Based on the latest report, the last 12 months brought 7,500 jobs to the state.
Connecticut has regained just 35,000 of the 119,200 jobs lost during the recession, which ran from March, 2008 through January, 2010.