Department Of Labor Says Unemployment Unchanged For Non Farm Jobs Last Month

This article was published on: 11/18/19 8:47 PM by Mike Minarsky

WETHERSFIELD, November 18, 2019 – Preliminary Connecticut nonfarm job estimates from the business payroll survey administered by the US Bureau of Labor Statistics (BLS) show the state lost 1,500 net jobs (-0.1%) in October 2019, to a level of 1,698,800, seasonally adjusted. Over the year, nonagricultural employment in the state grew by 4,800 (0.3%). The September 2019 originally released job gain of 3,600 was revised up by 1,100 to a gain of 4,700. The number of the state’s unemployed residents was estimated at 69,500, seasonally adjusted, up 1,300 from September. As a result, Connecticut’s October unemployment rate is at 3.6%, seasonally adjusted, unchanged from the revised September level. Resident employment estimates include the self-employed and residents working out of state and are determined separately from the nonfarm payroll job estimates above. None of the movements in payroll job estimates are considered statistically significant. “The October decline of 1,500 payroll jobs is the first we’ve seen since June and was particularly impacted by the loss of trade jobs,” said Andy Condon, Director of the Office of Research at the Connecticut Department of Labor. “The October annual seasonally adjusted growth of 4,800 seems low but the twelve month average gain level of 8,000 jobs is probably closer to the mark.”

Leave a Reply

Your email address will not be published. Required fields are marked *