State adds 4100 jobs in May; unemployment rate steady




Connecticut added 4,100 jobs in May to erase most of the losses experienced in March and April and put the state ahead 11,500 jobs for the year, according to a report released Thursday by the Connecticut Department of Labor.

The state’s unemployment rate remained unchanged at 4.5 percent, even as the national average dipped to 3.8 percent as announced earlier this month by the Bureau of Labor Statistics.




“There was surprising strength in retail trade and a good showing for financial activities, both of which are now ahead of last year’s pace,” Andy Condon, director of the state’s Office of Research, said.

April’s initial job loss report of 1,400 was revised to a steeper loss of 1,900.

May’s figures come from the business payroll survey by the U.S. Bureau of Labor Statistics. The state has 1,690,700 jobs and 84,900 unemployed residents.


The private sector grew by 4,300 jobs in May and is up 13,800 positions for the year. The government supersector lost 200 jobs in May.

Five of the supersectors gained positions, while four lost jobs and manufacturing remained unchanged. The trade, transportation and utilities supersector led all industries with 2,600 new jobs. Mining and construction dropped 300 positions, the most of any supersector.

Connecticut has recovered 81.0 percent of the jobs lost in the recession from March 2008, to February 2010. The state needs to gain 22,600 new jobs to reach expansions.

Five of the six Labor Market Areas gained jobs with the Bridgeport-Stamford-Norwalk LMA breaking even. Hartford led the way with a gain of 900 positions. Danbury added 200 jobs.



cbosak@hearstmediact.com; 203-731-3338



READ SOURCE

ALSO READ   Connecticut Loses 2000 Jobs In March

Leave a Reply