Preliminary Connecticut nonfarm job estimates from the business payroll survey administered by the US Bureau of Labor Statistics (BLS) show the state lost 100 net jobs (-0.01%) in July 2019, to a level of 1,692,700 seasonally adjusted. Over the year, nonagricultural employment in the state grew by 3,200 (0.2%).
The June 2019 originally-released job loss of 1,400 was revised up by 600 to a loss of 800. The number of the state’s unemployed residents was estimated at 69,100, seasonally adjusted, down 1,700 from June. As a result, Connecticut’s July unemployment rate is at 3.6%, seasonally adjusted, down one-tenth of a point from the revised June level.
Resident employment estimates include the self-employed and residents working out of state and are determined separately from the nonfarm payroll job estimates above. None of the movements in payroll job estimates are considered statistically significant.
The not seasonally adjusted increase in residential employment was considered statistically significant.”July’s payroll employment was essentially flat to June,” said Andy Condon, Director of the Office of Research. “It’s important to recognize that there is plenty of hiring activity even if net growth is very small. For example, the latest available data show that the fourth quarter of 2018 it took 76,000 hires and 71,000 separations in Connecticut to produce a net change of 5,000 jobs.”
Private Sector employment fell by 700 (-0.1%) to 1,457,800 jobs over the month in July, and now up by 5,600 (0.4%) seasonally-adjusted jobs over July 2018. The Government supersector in July (600, 0.3%) to a total of 234,900, but remains down 2,400 jobs (-1.0%) over the year.
The Government supersector includes all federal, state and local employment, including public higher education and Native American casino employment located on tribal land.Six of the ten major industry supersectors gained employment in July, while four declined. The above mentioned Government supersector led gainers adding 600 jobs (234,900).
Information (1.5%, 33,400) was next with a gain of 500, while Other Services (0.6%, 63,800) picked up 400 jobs. Educational and Health Services added 300 net positions (0.1%, 340,800) and Financial Activities contributed 200 (0.2%, 128,000). Finally, the Trade, Transportation & Utilities supersector saw a small increase of 100 jobs (0.03%, 293,400).
Leisure and Hospitality led declines in July, dropping 1,000 positions (-0.6%, 160,700). Manufacturing was next with a 600 job loss (-0.4%, 160,600).Professional and Business Services (-0.1%, 219,600) and Construction and Mining (-0.5%, 57,500) both saw losses of 300 positions. |