CBIA economist Peter Gioia called today's release of the December jobs report "pretty grim news," with Connecticut shedding 1,800 jobs for the month and finishing the year with a net loss of 100 jobs.

"Overall it shows an economy that isn't even in first gear right now," Gioia said. "It's really stuck in neutral."

Gioia said the three-tenths of a point drop in the unemployment rate to 8.6% was due to more people leaving the labor force because they were discouraged.

"The only bright lining in the report was the 800 jobs added in manufacturing and 500 in construction," he said.


CBIA is Connecticut's largest business organization, with 10,000 member companies. For more information, please contact Joe Budd (860.244.1957; joe.budd@cbia.com) or visit cbia.com/newsroom.