27 May 2015

• Connecticut Labor Situation — April 2015


Preliminary nonfarm employment estimates from the U.S. Bureau of Labor Statistics (BLS establishment survey) show Connecticut added 1,200 jobs (0.07%) to state payrolls in April 2015 - seasonally adjusted. Connecticut has now increased job levels by 23,200 since April 2014 (1.39%, 1,933 jobs per month) to 1,687,200. March’s initially estimated job increase of 4,000 (0.24%) was revised slightly lower by 700 positions to a 3,300 job gain (0.20%). This is the third monthly employment increase in 2015 and the tenth monthly job gain in the last twelve months.

The seasonally adjusted unemployment rate for Connecticut was measured at 6.3% for April 2015, down one-tenth of a percentage point from the March 2015 estimate. The jobless rate in the state is now down by five-tenths of a percentage point from April 2014 (6.8%). The number of unemployed residents in the state has declined by 7,019 (-5.5%) to 120,089 over the year. The state’s labor force expanded briskly again in April by 4,988 participants for the nineteenth consecutive month to reach an all-time record high labor pool of 1,920,837.

“This was a relatively quiet month in the job market with mixed results across the state’s major industry sectors,” said Andy Condon, Director of the Office of Research. “Continuing job growth combined with improving wages appears to be attracting more job seekers into the labor market.”

Please visit this link to read the full report: CTDOL

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.

© 2015 Connecticut Human Resource Reports, LLC

URL: http://connecticuthumanresources.blogspot.com/


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