Where have all the workers gone?

Looking for post-pandemic employment. (fizke via Shutterstock)

Connecticut created more jobs in October and September, but a recent study found it to be one of eight states with more unemployed than job vacancies.

According to an analysis by Stateline, an initiative of The Pew Charitable Trusts: Connecticut, Hawaii, California, New York, Illinois, New Mexico, New Jersey and Nevada have more unemployed than job vacancies.

The job-to-unemployed ratio is nearly 3 to 1 in Nebraska and more than 2 to 1 in Utah, New Hampshire, Vermont, Idaho, Georgia, Alabama and Montana. In most states, the ratio is higher now than it was before the pandemic, according to Stateline.

Connecticut’s official unemployment rate fell from 6.8% in September to 6.4% in October on Thursday. Employment growth in September, initially estimated at 4,700 new jobs, was revised to 6,500.

“The employment figures and the unemployment rate continue to move in the right direction,” said labor commissioner Dante Bartolomeo. “The employment figures in particular give us reason to be optimistic that these trends will continue until 2021.

Connecticut has now recovered 72.8% of the 292,400 jobs lost during the COVID-19 closures of March and April 2020. But even before the pandemic, it had not recovered the jobs lost during the Great Recession.

Connecticut continues to track the national unemployment rate, which fell to 4.6% in October.

“While it is encouraging to see another month of job gains, the pace of Connecticut’s employment recovery relative to the region and the country remains a concern,” said the president and chief executive officer. CBIA leadership Chris DiPentima.

“Strong gains in the financials sector were a real highlight for the month – it is a key component of the state’s economy and one of only two sectors still below employment levels in the month. ‘before the pandemic,’ he said. “However, manufacturing lost 300 jobs, most of them in the aerospace industry, reflecting the continuing impact of the pandemic on commercial aviation.”

DiPentima pointed out that “year-to-date job growth in Connecticut is now 2.9%, still well below the national rate of 4.1% and the second slowest in the region.” .

Data has business groups and lawmakers scratching their heads.

“There are 79,500 fewer people working today than in February of last year, despite something in the order of 70,000 job vacancies.

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