Connecticut Unemployment Rises to 5.1% as Labor Force Shrinks by Nearly 12,000
Updated
Updated · CBIA · Jun 22
Connecticut Unemployment Rises to 5.1% as Labor Force Shrinks by Nearly 12,000
2 articles · Updated · CBIA · Jun 22
Summary
Nearly 12,000 people left Connecticut’s labor force in May, pushing the unemployment rate up again to 5.1%, CBIA said in response to the state employment report.
CBIA tied the deterioration to long-term structural weakness, citing declines in professional and business services and in trade, transportation, and utilities despite modest overall job gains.
Over 12 months, nearly 38,000 people have exited the labor force, leaving it 1.7% below pre-pandemic levels and well behind national labor-force growth.
The warning came even as state payroll employment hit a record 1,724,400 in May after a 500-job increase, underscoring a gap between headline job totals and workforce participation.