Jobs in Connecticut decline in Oct., the 2nd monthly fall in a row
WETHERSFIELD — State labor officials say the number of jobs in Connecticut declined by 2,200 in October, the second monthly loss in a row. The unemployment rate fell to the lowest level since March 2008.
The Department of Labor reported Thursday that the job loss was the fourth monthly decline this year. Still, employment increased in Connecticut by more than 24,000 jobs since October 2014.
State economists also said job losses in September were higher than initially calculated. In September, the state initially reported a loss of 7,600 jobs, but it’s not clear what the revised numbers are.
The unemployment rate of 5.1 percent was down one-tenth of a percentage point. The U.S. unemployment rate in October was 5 percent.
Andy Condon, research director at the Labor Department, said the job losses may indicate a “softening of the strong growth” through August. He says the annual employment growth rate is strong.