Connecticut lost 2,000 jobs during the month of September, according to the latest job numbers from the Connecticut Department of Labor. This is the third month of job losses in a row, largely erasing gains made earlier in the year.
The majority of losses came from the private sector which saw a decline of 1,100 jobs, with employment in construction and hospitality showing large decreases.
The government sector, which includes all state and local government workers and teachers, also saw a decline of 900 jobs.
The number of jobs dropped by 4,200 in August after the original estimate of 3,900 was revised. At this point, Connecticut has only posted a gain of 3,500 jobs for the entire year, essentially remaining flat.
Connecticut saw a net loss of jobs over the course of 2016, with 13,300 jobs lost between June and December of that year, erasing all the state’s employment gains.
Connecticut’s slow job growth has been cause for concern. The state has only recovered 78 percent of the jobs lost during the 2008 recession, and Connecticut is one of the last states in the nation to bounce back.
Connecticut’s job growth has been anemic when compared with the national average and is one of only five states that have yet to recover from the recession. The state has only regained 95 percent of the private sector jobs lost in 2008. The rest of the recession losses are from government sector jobs.
The DOL says Connecticut would have to gain an additional 28,400 jobs in order to reach pre-recession job levels, but the possibility of another economic downturn in the form of another recession could leave Connecticut in a bad position.
Connecticut recently failed a fiscal stress test conducted by Moody’s Analytics, which showed that even a moderate recession would leave the state in severe fiscal trouble.
Andy Condon, chief researcher for the DOL says the new numbers “caps a slow third quarter for Connecticut’s job growth,” but noted the state’s unemployment rate declined to 4.6 percent.