CBIA Response to July 2022 Employment Report
The state’s largest business organization issued the following response to today’s release of the July 2022 employment report.
“The 6,500 jobs added in July represent the state’s strongest month of job growth this year, with 3,900 of those positions added in the government sector,” CBIA president and CEO Chris DiPentima said.
“We are encouraged to see the rebound in construction jobs after the previous month’s losses, along with solid growth in trade, transportation, and utilities, manufacturing, professional and business services and educational and health services.
“July has historically been a strong month for job growth in the state and it’s critical that we sustain this momentum as the state continues its slow recovery from the pandemic.
“We’ve recovered 86% of the historic 289,400 jobs lost to pandemic disruptions, while the U.S. recovery rate hit 100% last month.
“Our year-to-date job growth is 1.4%, which also trails the national rate of 2.2%, highlighting the need for a greater focus on addressing those obstacles to a faster recovery.
“The worker shortage crisis remains one of our biggest growth obstacles, with the labor force declining last month by 2,100 people.
“Connecticut has 105,000 job openings, and if every unemployed person was hired tomorrow, we’d still have 34,600 open positions.
“Policies that make Connecticut more affordable for individuals and businesses as well as public-private collaboration, including the state’s recently launched CareerConneCT training programs, are critical to growing our labor force.”
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).
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