22 May 2012

• Connecticut’s Recession Recovery


Connecticut has now recovered 34,100, or 29.0%, of the 117,500 total nonfarm jobs lost in the March 2008 - February 2010 recessionary downturn. Total private sector job growth from the Connecticut employment recessionary period has been doing appreciably better than overall nonfarm job growth.

Click on chart to enlarge:

The private sector has regained 44,400 (40.3%) of the 110,200 private jobs lost in the recessionary downturn. Offsetting government job losses have hindered overall job growth in this recovery, as public sectors have continued to lose jobs even in the 26 months since the recovery began. Financial activities is the only other major industry that has continued to lose employment since the upturn began.

The current job recovery highpoint is February 2012 (1,634,900) for Connecticut.

Source: CTDOL


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