Connecticut Unemployment Hits 5.2% as 11,300 Leave Labor Force in June
Updated
Updated · CBIA · Jul 23
Connecticut Unemployment Hits 5.2% as 11,300 Leave Labor Force in June
3 articles · Updated · CBIA · Jul 23
Summary
Connecticut’s jobless rate climbed to 5.2% in June, up 1.3 percentage points from a year earlier, while 11,300 people left the labor force and total employment fell 69,600 year over year.
1,500 payroll jobs were added in June, pushing nonfarm employment to a record high, but employers still face more than 81,000 openings as retirements outpace younger entrants.
44,200 fewer people are in Connecticut’s labor force than before the pandemic, a 2.3% drop that contrasts with 3% national growth over the same period.
Connecticut now has the highest unemployment rate in New England and the fourth highest in the country, even as manufacturing and education-health services drove most job gains this year.
High housing, energy, healthcare and childcare costs, along with slower population growth and reduced immigration, are adding pressure to the state’s workforce and broader economy.