Connecticut Hits 1.73 Million Payroll Jobs as Resident Employment Falls by 73,600
Updated
Updated · yankeeinstitute.org · Aug 24
Connecticut Hits 1.73 Million Payroll Jobs as Resident Employment Falls by 73,600
1 articles · Updated · yankeeinstitute.org · Aug 24
Summary
2,800 jobs were added in July, lifting Connecticut payrolls to a record 1,730,500, while the unemployment rate held at 5.2%.
73,600 fewer Connecticut residents were employed than a year earlier, the labor force shrank by 51,400, and the number unemployed rose by 22,100, according to the household survey.
Those conflicting signals come from different federal surveys: payrolls count jobs at Connecticut employers, while the household survey tracks whether state residents are working.
5.2% unemployment puts Connecticut above the 4.1% national rate for a seventh straight month; a year ago, the state was below the U.S. rate and had New England's lowest jobless rate.
9,100 of the state's 13,800 net jobs added over the year came from health care and social assistance, while average private-sector weekly pay rose 1.5%—below 3.4% inflation.