WETHERSFIELD — Connecticut’s nonfarm employment rebounded somewhat in September, adding 11,500 positions (0.69 percent), according to preliminary jobs data calculated from the federal Bureau of Labor Statistics’s (BLS) monthly employer survey (seasonally adjusted). In addition, the August 2014 initial reported loss of 3,600 jobs (-0.22 percent) was also revised by 2,400 jobs to a smaller decline of 1,200 (-0.07 percent). The state’s nonfarm employment level at 1,679,200 for September 2014, has reached another new recovery highpoint and has now added 26,100 jobs (1.58 percent) over the year.
The state’s unemployment rate was measured at 6.4 percent in September 2014. This is down 0.2 percent from the August 2014 figure of 6.6 percent and lower by 1.3 percentage points from the September 2013 unemployment rate of 7.7 percent. The unemployment rate has not been this low in the state since November 2008. The number of unemployed residents has declined by 23,682 (-16.5 percent) since September 2013 to 119,842, which is a new recovery low point. Connecticut’s labor force has now expanded by 21,983 (1.2 percent) citizens over the year to date.
“September employment numbers are very encouraging with strong gains in estimated payroll employment. Some of this gain was expected, especially in local public education and leisure & hospitality where seasonal shifts may have been missed in August,” said Andy Condon, director of the Office of Research. “Both Connecticut’s nonfarm employment and unemployment rate are back to late 2008 levels. However, monthly sample-based labor statistics can be volatile in either direction and should be looked at in context of longer trends over several months.”
The September 2014 preliminary nonfarm job numbers have five of the six major Connecticut Labor Market Areas (Bureau of Labor Statistics-recognized LMAs) adding jobs, while just one LMA listed a decline. For the second month in a row, the largest labor market in the state, the Hartford LMA (2,700, 0.5 percent), was also the biggest job gaining LMA in magnitude in September 2014. The Norwich-New London LMA (1,100, 0.9 percent, best percentage-wise over the month) and the Bridgeport-Stamford-Norwalk LMA (1,100, 0.3 percent) added a similar number of jobs, while the New Haven LMA (600, 0.2 percent) and the Danbury LMA (500, 0.7 percent) also were positive last month. The Waterbury LMA (-300, -0.5 percent) was the only LMA to lose ground in September, while the Norwich-New London LMA (-1,100, -0.9 percent) remains the only LMA to have lost jobs over the year.
The private-sector workweek, not seasonally adjusted, averaged 33.9 hours in September 2014, lower by two-tenths of an hour from the year-ago estimate of 34.1 hours. Average hourly earnings at $28.26, not seasonally adjusted, were up 33 cents, or 1.2 percent, from the September 2013 hourly private sector pay figure of $27.93. The resultant average private sector weekly pay was tallied at $958.01, up $5.60, or 0.6 percent over the year.