March 22, 2019

February jobs report: Steady as she goes

PHOTO | Contributed
PHOTO | Contributed
A construction crew works on an I-84 bridge in Southington.

Connecticut lost 400 nonfarm jobs for the month of February, a net employment loss of 0.02 percent. Thus the number of the state's unemployed residents was estimated at 73,900, seasonally adjusted, unchanged from January.

So say preliminary estimates from the business payroll survey administered monthly by the U.S. Bureau of the Census.

Over the year to date, nonagricultural employment in the state grew by 4,600 jobs (0.3 percent).

The January 2019 originally released job gain of 1,000 was revised down sharply to a loss of 2,500. As a result, Connecticut's February unemployment rate remained essentially unchanged at 3.8 percent, seasonally adjusted, from the revised January level.

According to Andy Condon, who heads the Office of Research for the Connecticut Department of Labor. "January's final revision was sharply down from our preliminary release, partly due to the normal revision process as more data became available for the sample, and partly due to a correction to estimates on our construction supersector."

Private sector employment shrank by 500 to 1,456,900 jobs during the month in February, and remained up 4,400 (0.3 percent) seasonally adjusted jobs for the year to date. The government sector was up slightly in February (100 jobs net gain) to a total of 237,000, and is now up 200 jobs (0.1 percent) over the year.

In the private sector, professional and business services led gainers with an increase of 800 jobs (0.4 percent, to 217,600 total jobs). The manufacturing sector was next, adding 600 jobs (0.4 percent, to 161,400). Information grew by 200 (0.6 percent, to 33,100).

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