Manufacturing jobs in Connecticut
Posted on February 4, 2018
A number of manufacturing jobs in Connecticut have increased, according to recent labor statistics.
|The state gained 6,000 net jobs (0.4%) in December 2017, to a level of 1,689,200, seasonally adjusted. Over the year, nonagricultural employment in the state grew by 7,700 jobs (0.07%). November’s originally-released job loss of 3,500 was revised by the BLS to a loss of 1,900 for the month. The number of the state’s unemployed residents was unchanged from November, while the number of residents employed fell by 1,000 seasonally adjusted.
|Five of the ten major industry supersectors gained employment in December, while four declined. The Governmentsupersector remained unchanged. Professional and Business Services led growing industries with 2,700 net new jobs (1.2%, 219,000 total jobs). Trade, Transportation & Utilities was next with an increase of 2,600 jobs (0.9%, 300,300 total). There was surprising strength in the retail component.
The Manufacturing ended the year on a strong note, gaining 2,000 jobs in December (1.3%, 160,300). Leisure and Hospitality reversed the trend of recent loses, showing a 1,600 job gain in December (1.1%, 153,300 total) and Educational and Health saw a smaller gain of 400 jobs (0.1%, 334,900) based on gains in healthcare & social assistance.
On the downside, Other Services dropped an estimated 1,200 jobs in December (-1.8%, 66,400 total). Construction and Mining mining industry shed 1,000 jobs (-1.6%, 56,100).
Financial Activities lost 800 positions(-0.6%, 132,400 total) and the Information supersector dropped 300 jobs (-1.0%, 31,100 total).
|Connecticut has now recovered 76.4% (91,000 jobs) of the 119,100 seasonally adjusted jobs lost in the Great Recession (3/08-2/10). The job recovery is into its 94th month and the state needs an additional 28,100 jobs to reach an overall nonfarm employment expansion