Latest Data Shows CT Is Near Full Employment

The state unemployment rate is trending down into full employment territory and has now recovered 91.3 percent (108,700 jobs) of the 119,100 seasonally adjusted jobs lost in the "Great Recession" between March 2008 and February 2010, according to new data released by the Connecticut Department of Labor.

While nonagricultural employment in the state grew over the year by 23,000 jobs (1.4 percent), the state lost 500 net jobs in November, according to preliminary Connecticut nonfarm job estimates from the business payroll survey administered by the US Bureau of Labor Statistics (BLS).

The number of the state's unemployed residents in November was estimated at 77,700, seasonally adjusted, which is a decline of 2,300 from October. As a result, the state's November unemployment rate declined by one–tenth at 4.1 percent, seasonally adjusted. (To sign up for free, local breaking news alerts from more than 100 Connecticut communities, click here.)

"It is clear that Connecticut's labor market continues to tighten," Director of the Office of Research Andy Condon said. "Our unemployment rate continues to trend down into full employment territory, and nearly all industry supersectors are showing annual growth. The trade and information sectors are the only exceptions."

The November 2018 unemployment rate for Connecticut is down four-tenths of a percentage point from a year ago, when it was 4.5 percent. The US jobless rate in November 2018 was 3.7 percent, which is unchanged from October.

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