Connecticut adds 1,200 jobs in October

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The State Labor Department reported Monday Connecticut employers added 1,200 jobs in October as the unemployment rate inched up to 9 percent.

Statistics on hiring for September were revised from a 2,000 job gain to a loss of 400, leaving the state with a net loss for the year of 2,800 jobs.

Connecticut officials continue to maintain the last few months of jobs data have been distorted through seasonal factors and made the employment picture worse than it seems. Connecticut’s numbers are not just based on surveys of payrolls and households, but are also influenced by trends in unemployment for New England.

“Though our monthly employer and household employment survey programs have been volatile in recent months
with many ups and downs, it appears that job growth rates have been slowing over the last two quarters,” said
Andy Condon, Director of the Office of Research at the Connecticut Department of Labor. “With October’s results
we are, for the first time, showing year-over-year declines in job levels. However, we believe that when we
complete our annual benchmark revisions in March, we will be showing as many as 8,000 to 9,000 more jobs in the
state than the payroll survey currently indicates. If so, the current year-over-year declines will no longer hold.”

According to the report for October hiring, hotels and restaurants added the most workers in October, with 3,000 more people on the payrolls than in September. Health Care, which has been the state’s driving force for jobs, recorded the largest drop in jobs for the month, with 2,300 positions slashed. Finance and insurance companies trimmed 1,000 jobs.

The rise in the unemployment rate from 8.9 percent to 9 percent was driven by more unemployment than last month and a labor force that shrank. The U.S. unemployment rate was 7.9 percent in October.

All nine major metro regions in Connecticut showed an uptick in unemployment for the month.

Categories: Economy, General, Labor
Rob Varnon

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