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Connecticut Loses 1,400 Jobs; Unemployment Rate Holds Steady At 5.7%

FAIRFIELD COUNTY, Conn. -- Connecticut was down 1,400 nonfarm jobs in May, according to data just released by the state’s Bureau of Labor Statistics.

According to the U.S. Bureau of Labor Statistics' Office of Research, Connecticut's unemployment rate held steady at around 5.7 percent despite the loss of 1,400 nonfarm jobs in May.

According to the U.S. Bureau of Labor Statistics' Office of Research, Connecticut's unemployment rate held steady at around 5.7 percent despite the loss of 1,400 nonfarm jobs in May.

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Despite the loss, the state’s unemployment rate held steady at about 5.7 percent, said Dr. Andrew Condon, director of the bureau’s Office of Research.

At this time last year, Connecticut’s jobless rate was 5.6 percent, according to state statistics.

The decline reflects “a very slow month for job growth across the country,” Condon said.

Because the labor force saw small, but equal, percentage declines in both employed and unemployed residents, the jobless rate itself remained essentially unchanged for the third consecutive month, Condon explained.

Connecticut has now recovered 93,900 positions, or 78.8 percent of the 119,100 seasonally adjusted total nonfarm jobs that were lost in the state during the March 2008 - February 2010 recession, the bureau said.

The state needs to reach the 1,713,300 seasonally adjusted job mark to enter a clear nonfarm employment expansion.

This will require 25,200 more nonfarm jobs, the bureau said.

Connecticut’s nonfarm jobs recovery is now 75 months old and is averaging 1,252 jobs per month since February 2010.

The data was gathered from a payroll survey conducted by the bureau, Condon said.

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