Connecticut Jobs Remain Stable
Posted on July 30, 2008
While the nation as a whole is facing high unemployment and increasing job loss, Connecticut jobs are on the rise.
In June 2008, the State of Connecticut‘s non-farm employment was 1,705,800, an increase of 3,600 jobs from the previous month. This is a gain of 5,900 jobs from June 2007. In the first four months of the year, Connecticut lost 7,600 jobs, and in the last two months has regained 6,900 of those jobs. The state’s unemployment rate remained at 5.4 percent.
According to a report by the Connecticut Department of Labor, seven of the state’s 10 major industries gained employment, two remained unchanged and one lost employment.
The biggest increase in jobs was in the educational and health services industry, which added 1,600 jobs for the month and 6,600 for the year. The professional and business services industry, which lost 2,400 jobs earlier this year, added 1,100 jobs in June and 2,800 for the year.
The state’s construction industry was able to go against the national average and add 300 jobs, as Connecticut’s housing market has stayed strong. Employment in Connecticut’s construction industry has remained relatively unchanged, while nationwide construction has dropped 5.9 percent. This is partly due to the stability of specialty trades contractors in the state.
The trade, transportation and utilities industry added 300 jobs. The manufacturing industry saw its first gain of the year in the state, adding 200 jobs. Nationally, the manufacturing industry lost employment. The other services and government industries also added 200 jobs.
The leisure and hospitality and financial activities industries remained relatively unchanged in their employment figures. The information industry lost 400 jobs over the month and 1,400 over the last four months, most likely because of staff reductions in the publishing industry.
In June 2008, workers in Connecticut worked an average of 42.6 hours per week and earned an average hourly salary of $21.17