A new jobs report is out showing Connecticut’s labor statistics for September.
According to the report, preliminary numbers in September show a total loss of 500 jobs for that month with the unemployment rate falling 4.2%. but August numbers were revised from 1,100 jobs to a total gain of 3,300 jobs. In total, the private sector jobs are up to 23,400 jobs over the year from September 2017 to September 2018.
“Despite the drop of 500 jobs in September, Connecticut’s labor market appears strong,” said Andy Condon, Director of the Office of Research. “Annual growth increased to nearly 20,000 jobs. Only the trade, information and government supersectors show annual job losses.”
The September 2018 unemployment rate for Connecticut is estimated at 4.2% . The US jobless rate in September 2018 was 3.7%.
Malloy commented, “This month’s labor situation report again demonstrates that we are sustaining important momentum in our long-term effort to increase employment in Connecticut. Without question, there is more work to do to further stabilize and strengthen important sectors in our economy. We can and should continue to do more to make our state more responsive to the needs of the business community.”