| Following a large gain of 6,400 nonfarm jobs in April, Connecticut added
another 1,000 nonfarm positions in May, for the best five month start to a year of employment gains since the job
recovery began at the start of 2010. Connecticut has now gained jobs in four of the first five months
of 2013, losing employment only during the blizzard-impacted month of February.
The state’s unemployment rate remained unchanged at 8.0% in May, but experienced a key turnaround in civilian labor force growth which had been on a continuous decline since June of 2010. The unemployment rate has held steady at 8.0% for four consecutive months. Connecticut’s unemployment rate is down four-tenths of a percentage point from May 2012 (8.4%). “With the exception of a storm impacted February, Connecticut has been experiencing consistent job growth so far this year,” said Andy Condon, Director of the Office of Research. “The upward turn in labor force participation, after 35 straight months of decline, may indicate increased confidence in labor market conditions. However, there are still headwinds ahead. Federal budget sequester cuts could hinder employment growth possibilities throughout the rest of 2013.” See the complete report at this link: CTDOL |
21 June 2013
• Connecticut Labor Situation – May 2013
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