CT DEPT. OF LABOR: EMPLOYERS ADD 900 JOBS IN FEBRUARY; UNEMPLOYMENT RATE UP SLIGHTLY TO 4.5% (Wethersfield, CT) – Today, Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo released the February 2023 Labor Situation Report showing that the state’s employers added 900 jobs last month after a revised January 5,800 jobs gain. The unemployment rate increased slightly to 4.5%; as in January, the rise is correlated to more workers entering the labor force. Private sector jobs continued to increase after reaching a 34-year high with the January report and are now 103% recovered from ..read more

(Wethersfield, CT) – Today, Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo released the November 2023 jobs report showing that the state’s employers added an estimated 500 jobs in November. Connecticut’s unemployment rate remained below the national average for the fourth consecutive month at 3.6%, and the labor force expanded by 1,171 workers. October job gains were revised to 3,400 from 3,700. Commissioner Bartolomeo said, “Connecticut’s economy remains strong and steady with balanced job growth across industries. We continue to see workforce expansion, which is good n ..read more

(HARTFORD, CT) – Governor Ned Lamont today announced that businesses in Connecticut will receive a nearly 10% decrease in rates for workers’ compensation insurance beginning on January 1, 2024. The Connecticut Insurance Department has approved an annual workers’ compensation rate filing for 2024 with a decrease of 9.8% to voluntary market loss costs and a decrease of 10.5% in assigned risk plan rates. This is the tenth consecutive year that the department has approved rate decreases. This trend reflects a noticeable decline in workplace injuries and filed claims, resulting in cumulative saving ..read more

(Wethersfield, CT) – Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo today released the September jobs report estimating that the state’s unemployment rate remained a low 3.5% after dropping 0.1% with the August revision. This is the second consecutive month that Connecticut’s unemployment rate is below the national rate of 3.8%. State employers added 3,200 jobs in September and the private sector has regained 100.6% of jobs lost during the COVID shutdown. Overall employment is 99% recovered. Commissioner Bartolomeo said, “Connecticut employers continue to add jobs—they a ..read more

(HARTFORD, CT) – Governor Ned Lamont, Treasurer Erick Russell, and Comptroller Sean Scanlon today announced that more than $1.3 billion captured from volatile revenue sources over the last fiscal year is being transferred to pay down Connecticut’s pension debt. Budgetary reforms enacted in 2017 and extended this year through legislation signed by Governor Lamont require the state to deposit excess revenue from particularly volatile categories, such as portions of the personal income tax and pass-through entity tax, in the Budget Reserve Fund, commonly known as the Rainy Day Fund. A total of $2 ..read more

(Wethersfield, CT) – Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo today released the August labor situation report showing that Connecticut employers added an estimated 2,100 jobs last month. The state’s unemployment rate, 3.6%, is below the national average of 3.8% and is at a four-year low. The private sector has now fully recovered and has gained 267,700 jobs since April 2020, 1,700 more than the 266,000 jobs lost during the pandemic. Commissioner Bartolomeo said, “While major national issues such as interest rate increases and energy costs remain a concern, Connect ..read more

CT DEPT. OF LABOR: CT DEPT. OF LABOR: STATE EMPLOYERS ADD 2,900 JOBS; UNEMPLOYMENT RATE DROPS TO 3.6% (Wethersfield, CT) – Today, Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo released the July labor situation report showing a drop in the state’s unemployment rate to 3.6%, the lowest since September 2019. Connecticut employers added 2,900 jobs last month; additionally, June jobs numbers were revised up by 2,100 to a 2,500 decline. To date, Connecticut has added 19,100 jobs in 2023. Commissioner Bartolomeo said, “Just over halfway through 2023, economic indicators remain ..read more

(Wethersfield, CT) – Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo today released the May jobs report showing that employers added an estimated 5,000 jobs last month and the unemployment rate dropped slightly to 3.7%. April numbers were revised up with 1,200 jobs added to payrolls. To date, Connecticut has gained 18,400 jobs in 2023. Commissioner Bartolomeo said, “Connecticut’s economy continues its solid performance despite uncertainties that include interest rates and inflation. Economic indicators remained strong; unemployment is at a three and a half year low; busin ..read more

(Wethersfield, CT) – Connecticut Department of Labor (CTDOL) Commissioner Danté Bartolomeo today released November labor situation data showing that the state’s employers continue to add jobs. Private sector employment is now 93.2% recovered from the pandemic shut down. November gains were posted across eight industry sectors that added a total of 3,330 jobs. The unemployment rate dropped 0.1% to 4.2%. Commissioner Danté Bartolomeo said, “Connecticut’s economy continues to move in the right direction—low unemployment, a strong market for job seekers, and solid job growth trends with 37,000 job ..read more

(Wethersfield, CT) – Connecticut Department of Labor Commissioner Danté Bartolomeo released the September jobs report showing continued economic growth and recovery from the pandemic. State employers added 4,400 jobs last month; August numbers were revised down from 2,900 to 2,400 jobs added. September’s unemployment rate dropped to 4.0% from 4.1%. Due to the progress of pandemic recovery, the past two years have been the strongest job growth years since economists began the seasonal adjustment process in 1990. Employers added an average of 4,609 jobs each month in 2021 and, to date, an averag ..read more