Home Economy Connecticut lost 2,000 jobs in March

Connecticut lost 2,000 jobs in March

SHARE

stock market wall street dow jonesConnecticut lost 2,000 jobs during March, according to data released by the state’s Department of Labor (DOL). The state’s workforce also shrank by 4,000, as a result, Connecticut’s unemployment rate decreased by one-tenth of a point to 4.5 percent in March.

“March’s decline of 2,000 jobs was the first down month the state has seen since last October,” Andy Condon, director of the DOL’s Office of Research, said. “The largest declines were in retail trade and accommodations and food services, both of which may have been adversely affected by the nor’easters last month”

The private sector lost 1,900 jobs during March but was up by 12,200 (0.8 percent) on a seasonally adjusted measurement from one year earlier. The greatest job losses were recorded in the trade, transportation and utilities category, which suffered a loss of 1,500 jobs; and the leisure and hospitality sector, which saw the disappearance of 1,300 jobs.

Pete Gioia, economist at the Connecticut Business & Industry Association, lamented that Connecticut was out of step with the rest of the nation when it came to economic vibrancy.

“The national and regional economies continue to see solid growth and we should be able to capture some of that, but we aren’t,” he complained, adding that state legislators appear to be clueless on the subject of job development. “There is a lack of focus at the state Capitol. When lawmakers should be focusing on job creation, they want to pass more employer mandates. That not only makes it more difficult to create new jobs, but makes it more costly to operate a business in Connecticut.”

Print Friendly, PDF & Email
Previous articleApril 23: Largest Employers
Next articleBooking Holdings acquires FareHarbor
Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

LEAVE A REPLY

Please enter your comment!
Please enter your name here