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Finance jobs in Connecticut climb

Posted on July 31, 2019

More finance jobs in Connecticut have grown, according to recent labor data.

Connecticut nonfarm job estimates from the business payroll survey administered by the US Bureau of Labor Statistics (BLS) show the state lost 1,400 net jobs (-0.1%) in June 2019, to a level of 1,692,200 seasonally adjusted. Over the year, nonagricultural employment in the state grew by 4,000 (0.2%). The May 2019 originally-released job loss of 1,500 was revised down by 400 to a loss of 1,900.

Private Sector employment grew by 800 (0.1%) to 1,458,500 jobs over the month in June, and remains up 6,000 (0.4%) seasonally-adjusted jobs over June 2018.

The Government supersector was down sharply in June (-2,200, -0.9%) to a total of 233,700, and is now down 2,000 jobs (-0.8%) over the year. Almost all of this decline was in local government which includes local education staff and casino employment.

The Government supersector includes all federal, state and local employment, including public higher education and Native American casino employment located on tribal land.Four of the ten major industry supersectors gained employment in June, while five declined.

The Manufacturing supersector remained unchanged (160,700 total jobs). Educational and Health Services led gainers adding 1,600 jobs (0.5%, 340,700). The Financial Activities supersector (0.5%, 128,000) was next with a gain of 600 jobs. The Professional and Business Services (0.2%, 220,100) supersector picked up 400 jobs while Leisure and Hospitalityadded 100 (0.1%, 161,500) total jobs.

The above mentioned Government sector led employment losses in June. Construction and Mining was next, losing 1,100 positions (-1.9%, 57,900). Other Services dropped 400 (-0.6%, 63,300), while the Trade, Transportation & Utilities supersector declined by 300 (-0.1%, 293,700). Finally, the Informationsupersector saw a small decline of 100 jobs (-0.3%, 32,600).
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