Last CT jobs report before election shows big gains
The last jobs report before Election Day showed Monday that Connecticut’s unemployment rate dropped in September to its lowest rate in six years, 6.4 percent.
The state Department of Labor reported that Connecticut rebounded strongly from a weak August, gaining 11,500 jobs in September. The agency also downgraded the August decline from 3,600 jobs lost to 1,200.
The unemployment rate in September reached its lowest point since shortly after Connecticut entered the last recession in November 2008, and September’s numbers represent the single-largest monthly gain April 1994.
“September employment numbers are very encouraging, with strong gains in estimated payroll employment,” Andy Condon, director of the Labor Department’s Office of Research, said in a statement Monday.
In an interview with The Mirror, Condon acknowledged that Connecticut’s having its best job-growth month in two decades just before the election was likely to spark questions.
“It is coincidence,” he said. “This was an unusually strong month.”
Some of the September gains, Condon said, were anticipated a month ago. The August job numbers for local school systems and for leisure and hospitality businesses appeared to underestimate employment in these areas.
Condon added that the labor department’s report relies entirely on data provided by the U.S. Bureau of Labor Statistics which “have proven to be quite volatile” and can shift significantly from month to month.
Connecticut has added 15,700 jobs to date in 2014 and has now recovered 85,300 jobs, or 71.6 percent of the 119,100 positions lost in the last recession.
Condon added that “monthly, sample-based labor statistics can be volatile in either direction and should be looked at in the context of longer trends over several months.”
Gov. Dannel P. Malloy, whose stewardship over Connecticut’s economy has been the focus of constant criticism by Republican challenger Tom Foley, trumpeted the latest job report Monday.
After touring a family-owned lighting manufacturer in North Branford that added three jobs after winning a $100,000 state grant, Malloy told reporters he was gratified both by the September job numbers and the restatement of the August statistics.
Malloy said he understands that no one is satisfied by the pace of the recovery.
“We were in a deeper hole than a lot of places in January of ’11, and it’s taken a while to get out,” Malloy said. “Right now, the Republican Party is running an ad that says we have the worst job numbers in the country. That’s not true at all, by any stretch of the imagination. They’re just out there flailing away and not telling the truth. And we’re telling the truth.”
The August losses have been a frequent component of Foley’s campaign statements. The Greenwich businessman argues that Connecticut’s recovery lags that of both the nation and the region due largely to anti-business policies by Malloy’s administration.
Malloy was all but gleeful Monday at saying that Connecticut was outperforming New Jersey, whose governor, Chris Christie, has been campaigning for Foley as chairman of the Republican Governors Association.
“Our numbers are blowing them away, absolutely blowing them away. And yet this is a guy that Tom Foley keeps bringing into the state talking about how great a governor he is,” Malloy said. “Well, if he is a great governor and we’re blowing him away on economic development, on job creation, on percentage of increases, then I guess what he’s saying is I’m a pretty good governor.”
“We are glad that Connecticut picked up jobs last month, but it is still not enough,” Foley said. “We have only recovered 70 percent of the jobs lost during the recession and we still have one of the worst job recovery rates in the nation. Our weak recovery is the result of Dan Malloy’s failed policies and things will not improve without a change of leadership and a new direction.”
“While any job growth is good news at this point, September now marks 30 consecutive months of the Connecticut unemployment rate far exceeding the national average,” said Republican State Chairman Jerry Labriola Jr. “While the rest of the country enjoys real economic recovery, Connecticut continues to struggle under Gov. Malloy.”
The Connecticut Business and Industry Association was cautious Monday with its analysis of the new numbers.
“Although Connecticut has gained back over 70 percent of jobs lost during the recession, we still lag the rest of the nation, which has fully recovered,” said Joe Brennan, the association’s executive vice president.
Seven of Connecticut’s 10 major industry super-sectors posted gains in September, led by the trade, transportation and utilities super-sector, which added 3,200 jobs.
Other super-sectors posting gains included: leisure and hospitality; education and health services; professional and business services; government; professional, scientific and technical; and construction and mining.
Three super-sectors lost jobs in September: financial activities, manufacturing, and other services.
Five of the state’s six labor markets posted job gains, led by Hartford, which added 2,700 positions. Gains also were reported in Norwich-New London, Bridgeport-Stamford-Norwalk, New Haven and Danbury.
The Waterbury market was the only one to post job losses, dropping 300 positions in September.
Sign up for CT Mirror's free daily news summary.
Free to Read. Not Free to Produce.
The Connecticut Mirror is a nonprofit newsroom. 90% of our revenue comes from people like you. If you value our reporting please consider making a donation. You'll enjoy reading CT Mirror even more knowing you helped make it happen.YES, I'LL DONATE TODAY