Connecticut job losses have economists worried

Connecticut’s job market took a step forward to take two more back.

The state shed 1,500 jobs last month according to Thursday reports by the Department of Labor, following a 500 job gain in April 2019, according to recently revised numbers.

Though the number of the state’s unemployed residents decreased by 800, Connecticut has maintained its 3.8 percent unemployment rate. That’s still higher than the national average, which is at 3.6 percent.

The state’s lag in job creation has Pete Gioia, economic advisor to the Connecticut Business and Industry Association, a bit worried.

“We have a really serious employment problem, yet we know there are companies that are looking for everything… and yet we are not able to generate the sort of activity to fill those to bring us to the U.S. average,” he said.

Read more: https://www.ctpost.com/business/article/Connecticut-job-losses-have-economists-worried-14025772.php