Conntact.com - CT Business News Journal

Crunching Job Numbers

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WETHERSFIELD here In October, the number of jobs in the state rose over the previous month. But so did the unemployment rate, which makes for a “mixed performance” regarding Connecticut’s labor market situation, according to a release from the state Department of Labor Office of Research. Director Andy Condon puts the development into perspective by noting that even with the job increase for the month, there has been an overall job-level decline in the past year. But the current numbers still don’t tell the complete story, which might not be fully developed until next spring, Condon adds. “[W]e believe that when we complete our annual benchmark revisions in March, we will be showing as many as 8,000 to 9,000 more jobs in the state than the payroll survey currently indicates,” he says. “If so, the current year-over-year declines will no longer hold.” While there were 1,200 more jobs in October than there were in September, over the past year the state has experienced a net loss of 2,800 jobs. The leisure and hospitality supersector saw the greatest job gain in October (2,200 positions added). The education and health services supersector saw the greatest decline, with 1,500 jobs lost. The October unemployment rate was adderall no prescription.0 percent, compared with 8.9 percent in September.

 

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