![]() “While month-to-month employment numbers will fluctuate, we should be encouraged that the long-term trend shows steady growth,” he said. Sentinel and Enterprise: Breaking news, local news, local politic, local business, Fitchburg news, community news, police, Fitchburg crime, high school sports, local. Malloy said 25,000 new private sector jobs have been created in the past year, the most in state history. Things are good as you look at the state of Connecticut,” he said. “Things are pretty good as you look around the country. and Connecticut are in a “Goldilocks economy,” a condition that’s neither too hot due to inflation overheating the economy nor too cold with high unemployment chilling consumer spending and business investment. Gov.-elect Ned Lamont, speaking at a news conference in New Haven on Thursday, said the U.S. ![]() The private sector continues its expansion and is at 114.2 percent of lost jobs, having added 127,600 jobs.Įconomist Donald Klepper-Smith said Connecticut is the only New England state that has failed to restore 100 percent of lost jobs “and it’s hard to make a case for ‘acceptable growth’ when data is viewed in context.” The state needs 11,400 net new jobs to reach an overall employment expansion. Manufacturing, which is surging as Pentagon money carpets the state for workers to turn out jet engines, submarines and helicopters, added 300 jobs.Ĭonnecticut has recovered 90.4 percent of jobs lost in the Great Recession, restoring 107,700 jobs. Professional and business services added 700. Financial activities, a key industry in Connecticut, gained 900 jobs. Six of the 10 major industry groups gained jobs in October. It’s “not a one-for-one exchange,” but warehouse and transportation jobs tend to be better compensated in pay and benefits than retail jobs, he said. However, online retail is leading to new jobs at warehouses and in transportation, accounting for 900 new jobs in the same period, Condon said.
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