26 December 2012

• Connecticut’s Recession Recovery - November 2012


Connecticut has recovered 30,700, or 26.1%, of the 117,500 total nonfarm jobs lost in the March 2008 - February 2010 recessionary period.

The private sector has regained 42,000 (38.1%) of the 110,200 private jobs lost during the downturn. It is now two years, nine months into the nonfarm employment recovery in the state.

Government (-11,300), financial activities (-4,400), manufacturing (-2,100), and construction and mining (-300) have continued to lose jobs (net) even after the recovery began in February 2010.

The leisure and hospitality supersector, on the other hand, has regained all (109.3%) of the jobs it lost in the Great Recession. The current job recovery high point in Connecticut (1,634,900) was reached in February 2012 during the record warm winter nine months ago.

Source: CTDOL


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