Connecticut posted its best monthly jobs growth for the year in May, a reflection of the state’s COVID-19 vaccine rollout and growing confidence among workers and employers, the state’s largest business organization said today.
“The addition of 7,800 jobs represents the best month of this year and the largest growth since last October,” CBIA president and CEO Chris DiPentima said.
“We have now recovered 63% of the historic 292,400 jobs that were lost last March and April, with 18,300 jobs added in the first five months of this year.
“COVID-19 positivity rates and hospitalizations have continued to decline since the lifting of restrictions on May 19 and Connecticut continues to be a leader among states in rolling out the vaccine.
“That’s driving greater confidence among residents and employers. Factors such as fears about contracting COVID, the lack of widely available childcare, and federal unemployment benefits, appear to be lessening in their impact on job growth and needs to continue for Connecticut to unlock our economic potential.
“The vaccination campaign, this month’s reinstatement of the work-search requirement for unemployment claimants, and people embracing the lifting of restrictions give me plenty of optimism that we will continue to see growth in the coming months.
“Not to mention the just completed legislative session, which certainly boosted business confidence 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 email or call Joe Budd (860.244.1951).