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Connecticut Grows Jobs By 3,500 As Unemployment Rate Holds At 5.7%

FAIRFIELD COUNTY, Conn. -- Connecticut added 3,5000 new jobs last month as the unemployment rate held at 5.7 percent, according to a preliminary non-farm jobs report from the U.S. Bureau of Labor Statistics.

Gov. Dannel Malloy said new labor numbers show that the state is continuing its rebound in jobs from those lost during the 2008 recession,

Gov. Dannel Malloy said new labor numbers show that the state is continuing its rebound in jobs from those lost during the 2008 recession,

Photo Credit: Meredith Guinness

The figures estimated from the business payroll survey conducted by BLS, initially said the state had experienced a 300 job gain for March 2016, but was revised upward to 1,000. 

The unemployed rate remained unchanged, but was still down one point from 5.8 percent one year ago.

“Connecticut saw increases in both job counts and labor force participation in April,” said Andy Condon, director of the Office of Research at the Department of Labor. “As new workers entered or re-entered the labor force, the number of unemployed also grew. This explains recent upward pressure on our unemployment rate.” 

Governor Dannel P. Malloy said the new report showed that state continues to create or grow new jobs: “Connecticut businesses continue to steadily increase employment, with 3,400 new private sector jobs created during the last month – bringing us to an increase of 20,800 new jobs over the year. The data indicates that we’re maintaining a steady pace of recovery as we put our state on a path for success and growth, and is indicative of our need to do what we can to stabilize our state’s finances and help bring confidence to employers.” 

Measured from April 2015, the state is now estimated to have increased non-farm employment by 20,100. Annual growth also appears broad based. Year-to-date, Connecticut non-farm job gains for the first four months of 2016 are 9,800. The employment gains in the first four colder months of 2015 were only 1,300. 

According to the numbers, the state has now recovered 95,600 positions, or 80.3 percent of the 119,100 seasonally-adjusted total non-farm jobs that were lost in the state during the March 2008 to February 2010 employment recession. 

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