Overall jobs loss while private sector continues to add
Connecticut's economic recovery lost momentum in August, losing 3,600 jobs after six consecutive months of job gains.
In releasing its monthly employment report, the state Department of Labor also revised down the July numbers, saying 1,000 jobs were added for that month against a previously reported gain of 2,400 positions.
"The monthly jobs report continued the recent trend of mixed news," said Joe Brennan, executive vice president for the Connecticut Business & Industry Association.
"We're on track to gain 15,000 jobs this year, which is an improvement, but it shows that the Connecticut economy still has a long way to go."
The state now has regained 59.9% of the 119,100 jobs lost during the March 2008-February 2010 recession. The national economy regained all lost jobs earlier this year.
Manufacturing (+1,400) and construction and mining (+1,000), two of the hardest hit industry sectors during the recession, both added jobs in August.
The local government sector, which includes casino employment, recorded the greatest declines in August, losing 4,000 jobs.
The unemployment rate remained unchanged at 6.6%.
CBIA is Connecticut's largest business organization, with 10,000 member companies. For more information, please contact Meaghan MacDonald (860.244.1957; email@example.com) or visit the CBIA Newsroom.