Hospitality jobs in Connecticut drop
Posted on January 2, 2018
The number of hospitality jobs in Connecticut has dropped.
Job estimates from the business payroll survey administered by the US Bureau of Labor Statistics (BLS) show the state lost 3,500 net jobs (-0.2%) in November 2017, to a level of 1,677,500, seasonally adjusted. Over the year, nonagricultural employment in the state fell by 700 jobs (-0.04%). October’s originally-released job loss of 6,600 was revised upward by the BLS to a loss of 6,200 for the month. The number of the state’s unemployed residents increased by 1,400, while the number of residents employed fell by 5,000.
Private sector employment fell by 3,300 (-0.2%) to 1,446,700 jobs over the month in November, but remains up by 2,800 jobs (0.2%) over the year.
The government supersector declined by 200 (-0.1%) to 230,800 jobs last month and over-the-year losses are at -3,500 or -1.5%. The government supersector includes all federal, state and local employment, including public higher education and Native American casinos located on tribal land. Seven of the ten major industry supersectors lost employment in November, while only two increased.
The education & health services supersector remained unchanged (333,600 total jobs). Other services led growing industries with 1,300 net new jobs (2.0%, 67,700 total jobs). Financial activities saw an increase of 700 jobs (0.5%, 133,300 total).
On the downside, leisure & hospitality dropped an estimated 2,000 jobs in November (-1.3%, 151,700 total). Leisure & hospitality has lost 9,400 seasonally-adjusted jobs since its peak in June; 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. These losses are not reflected in the annualized not seasonally adjusted data.
Professional & business services was next with a loss of 1,400 (-0.6%, 216,700 total), while the volatile construction and mining industry shed 1,300 jobs (-2.2%, 57,700). Trade, transportation & utilities lost 400 positions (-0.1%, 297,300 total), driven by a 1,100 seasonally adjusted decline in retail employment. The manufacturing (-0.1%, 157,200) and information (-0.3%, 31,500 total) supersectors both saw small losses of 100 jobs.
Connecticut has now recovered 69.9% (83,300 jobs) of the 119,100 seasonally adjusted jobs lost in the Great Recession (3/08-2/10). The job recovery is into its 93rd month and the state needs an additional 35,800 jobs to reach an overall nonfarm employment expansion.
The state’s private sector also slipped a bit in the recovery, regaining 89.7% (100,200) of the 111,700 private sector jobs lost in that same employment downturn. The government supersector has lost a total of 24,300 positions since the recession began in March 2008.