Non-farm Jobs Fall By 1,400 in June; Unemployment Rate Falls to 3.7%

This article was published on: 07/19/19 8:43 PM by Mike Minarsky

WETHERSFIELD, July 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 1,400 net jobs (-0.1%) in June 2019, to a level of 1,692,200 seasonally adjusted. Over the year, nonagricultural employment in the state grew by 4,000 (0.2%). The May 2019 originally-released job loss of 1,500 was revised down by 400 to a loss of 1,900. The number of the state’s unemployed residents was estimated at 70,900, seasonally adjusted, down 800 from May. As a result, Connecticut’s June unemployment rate is at 3.7%, seasonally adjusted, down one-tenth of a point from the revised May 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 or residential employment are considered statistically significant.

June’s loss of 1,400 jobs was driven primarily by a large loss in government employment almost all of which came from local government,” said Andy Condon, Director of the Office of Research. “Private sector employment actually grew by 800 jobs. Changes in school calendars and the timing of summer employment can often make seasonal adjustment of local government difficult. We will have to wait until next month to see if this drop in government employment was an anomaly.”

 

Source:  CTDOL Press Release

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