Connecticut hospitality jobs lost
Posted on December 4, 2017
A number of Connecticut hospitality jobs were lost, according to the latest labor statistics.
The state lost 6,600 net jobs (-0.4%) in October 2017, to a level of 1,680,600, seasonally adjusted. Over the year, nonagricultural employment in the state grew by 1,400 jobs (0.1%).
Private sector employment fell by 5,600 (-0.4%) to 1,449,700 jobs over the month in October, but remains up by 4,400 jobs (0.3%) over the year. The government supersector declined by 1,000 (-0.4%) to 230,900 jobs last month and over-the-year losses are at -3,000, -1.3%.
On the downside, leisure & hospitality dropped an estimated 3,000 jobs in October (-1.9%, 154,000 total). However, this large drop is more reflective of declines from a very strong summer season to more typical levels than it is of any weakness in the industry. Other services was next with a loss of 2,100 (-3.1%, 66,400 total).
Trade, transportation & utilities shed 1,400 jobs (-0.5%, 297,700) with the retail component accounting for all of the loss. Financial activities lost 1,000 positions (-0.8%, 132,400 total), although the supersector remains up in employment over the year. The government supersector also lost 1,000 positions (-0.4, 230,900), continuing its long-term downward slide. The information supersector lost 500 jobs (-1.6%, 31,600 total).
Finally, professional & business services lost 400 jobs (-0.2%, 217,800 total). Connecticut has now recovered 72.5% (86,400 jobs) of the 119,100 seasonally adjusted jobs lost in the Great Recession (3/08-2/10). The job recovery is into its 92nd month and the state needs an additional 32,700 jobs to reach an overall nonfarm employment expansion.
The state’s private sector also slipped a bit in the recovery, regaining 92.4% (103,200) of the 111,700 private sector jobs lost in that same employment downturn. The