Norwich/New London Labor Market Still Lagging
With a gain of 1,000 net new jobs this month (following a jump of 6,400 in April), Connecticut is experiencing the best five-month start to a year of employment gains since 2010, when the job recovery began.
"The May jobs report from the Department of Labor was a welcome bit of news," says CBIA economist Pete Gioia. "Year over year job growth now stands at 12,500 jobs, but there still is bad news in eastern Connecticut," he says, noting that the Norwich/New London labor market area is down 3,000 jobs year over year and 2,100 jobs month over month.
"For the rest of the state, it looks like we're beginning to see some traction..."