New Report Shows Improvement in State's Job Growth

The Connecticut Department of Labor’s monthly Labor Situation report for June 2015 shows some improvement in the state’s job growth.

The report shows that 2,600 private sector jobs were added in the state last month, and the unemployment rate dropped three-tenths of a percentage point to 5.7 percent – its lowest point since July 2008.

“This is yet another milestone reached – unemployment is down to its lowest point in seven years. This news comes just a month after we created nearly 6,000 jobs, a huge one-month total. We are no doubt making progress, and our strategy is no doubt moving Connecticut forward,” said Gov. Dannel P. Malloy in a statement. “These numbers represent another achievement reached, another marker that residents’ lives are improving, and another indicator that our economy continues to head in the right direction as a result of our efforts to create jobs. We know that until everyone that wants a job has one, our work is not complete.”

Preliminary nonfarm job estimates indicate the state increased employment by 600 positions (.04 percent) in June 2015, seasonally adjusted.

Four of the 10 major industry supersectors experienced employment gains, while five declined, and the information supersector was unchanged.

Since June 2014, statewide job growth now totals 27,000 (1.62 percent, 2,250 jobs per month), as eight of the 10 major industry supersectors have increased employment while the government sector has declined and only the Information supersector remained unchanged.

Connecticut’s private sectors gained 2,600 (0.18 percent) nonfarm jobs in June 2015, and have now increased private employment by 27,900 (1.96 percent, 2,325 jobs per month) jobs over the year.

In contrast, the government supersector lost 2,000 net jobs in June (-0.83 percent), led lower by a weak local government subcomponent (-2,100, -1.4 percent). The government supersector has lost 900 positions (-0.38 percent) over the year.

To read the full report, click here.