26 June 2012

∙ Connecticut's Recession Recovery - Through May 2012


Connecticut has now recovered 34,900, or 29.7%, of the 117,500 total nonfarm jobs lost in the March 2008 - February 2010 recessionary period.

The private sector has now regained 43,600 (39.6%) of the 110,200 private jobs lost in the recessionary downturn. Financial activities, other services, and government have continued to lose jobs even after the recovery began in February 2010. However, last month, total private employment declined slightly (-200, less than 0.05%) as government had a large gain (1,600, 0.7%).

Since last May, the private sector has added 9,900 positions (0.7%), while overall nonfarm employment is running at a somewhat slower pace (6,200, 0.4%).

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

Source: CTDOL

Photo: Capt. Len Persson, 20 JUN 2008; Long Island Sound off Milford, CT


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