Connecticut is on pace for one of the best years on record for private sector job growth, an economist with the state's largest business association said today.
"If you take a look at where we are headed for year-over-year growth, the numbers are quite strong," said CBIA economic adviser Pete Gioia.
"We are on track for one of the best years of growth in more than three decades."
Gioia said private sector employers have added 26,300 jobs in the last 12 months, with strong growth in a number of key economic sectors.
Construction has added the most jobs with 6,400 (11%), followed by professional and business services with 5,900 (2.7%), manufacturing (2,400; 1.5%), and financial activities (2,200; 1.7%).
Gioia noted that Connecticut’s private sector job growth rate over the last eight years is 7%, compared with New England at 12% and the national average of 17%.
"It’s critical to remember that we need to sustain economic growth and momentum," Gioia said.
"Gov.-elect Lamont has said that we need a laser-like focus on economic growth, and we couldn't agree more.
"We must do what we can to sustain this momentum and make sure that we don't do anything to derail it."
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 Meaghan MacDonald (860.244.1957).