Report: State shed 1,400 jobs in April; unemployment rate flat

Report: State shed 1,400 jobs in April; unemployment rate flat



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The state lost 1,400 nonfarm jobs in April, but the unemployment rate remained unchanged, the Department of Labor reported Thursday.

The report also revised its analysis for March to reflect the loss of 3,500 jobs, 1,500 more than the DOL had initially indicated. The unemployment rate remained at 4.5 percent, above the 3.9-percent rate nationally reported by the Bureau of Labor Statistics. 

Even with the losses, the state has seen the addition of 8,700 jobs this year, which remains ahead of the pace through April 2017. 

“April’s decline of 1,400 jobs was Connecticut’s second consecutive month of job declines,” said Andy Condon, the department office of research director.  “However, job growth remains ahead of last year’s pace. Of note is that the manufacturing employment is now up 2.8 percent over the year.  If this pattern holds, the sector will have overcome a decades-long trend of declining employment.”

The job loss was driven by the reduction of 1,200 jobs in the private sector, followed by 200 in the public sector. 

The biggest drop in April came in the trade, transportation, and utilities industry, which lost 1,400 jobs. The financial industry, meanwhile, lost 900 jobs and construction and mining 300 jobs. A handful of other sectors also saw small declines. 

Some of the losses were offset by gains in leisure and hospitality, 800 jobs, education and health services, 500 jobs each, and manufacturing, 300 jobs. The losses mean the private sector’s recovery from the 2008 recession dropped to 98.9 percent of jobs lost.

When the private sector is factored, Connecticut has recovered 78 percent of the jobs lost in the recession. 

The New Haven labor market area saw the biggest gain, adding 2,300 jobs, while the Hartford market saw the steepest drop with the loss of 1,900 jobs. The Norwich-New London-Westerly, Rhode Island, market was the only other area to see an increase, with the addition of 200 jobs. 

The Waterbury market (200 jobs), Bridgeport-Stamford-Norwalk market (900 jobs), and Danbury market (100 jobs) all saw losses.  

msavino@record-journal.com

203-317-2266

Twitter: @reporter_savino


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