Amid recession fears, CT adds 6,500 jobs in July

Despite fears about a potential recession, Connecticut continued to adds jobs during the month of July. The state added 6,500 jobs last month, lowering its unemployment rate to 3.7%, according to the state Department of Labor. The national unemployment rate is 3.5%. The private sector added 2,600 jobs in July across a wide range of industries, while the government sector added 3,900 jobs, according to DOL. Despite the growth, Connecticut still has only recovered 86.1% of the 289,400 jobs lost during March and April 2020, when the pandemic temporarily shut down significant parts of the state’s economy. And Connecticut’s labor market still lags behind national trends. Connecticut has steadily added jobs over the last two and a half years, but residents’ participation in the labor force has waned in the face of the pandemic.

Share This Article: