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CT’s Private-Sector Employment Recovers—To 2011 Levels

Private-sector employment in Connecticut topped 1.38 million in August, new data show, bringing employment just above January 2011 levels. 

The figures, released by the state Labor Department, show Connecticut added 6,200 private jobs in August and 4,900 in September, in both months outpacing the national economy. This was a welcome departure from the prior decade’s trend, when the state consistently failed to keep pace with the rest of the country and missed out on much of a national economic expansion (see chart below). 

Private-Sector Jobs

Most of the state’s September growth was in the Trade, Transportation and Utilities super-sector, which added 3,600 jobs. The higher-paying Financial Activities super-sector was essentially flat, and remains down 1,200 jobs for the year.  

The state added 35,600 jobs between January and September, and has recovered 72 percent of the jobs lost between February and April 2020. The U.S. economy, by comparison, has recovered 81 percent. 

Connecticut remains 75,200 private jobs short of February 2020 levels. If the year-to-date trend of adding just under 4,000 jobs per month continues, Connecticut will not reach pre-COVID private-sector employment levels until 2023. The US economy, on the other hand, is on pace to get there in late spring 2022. 

Yankee Staff

Yankee Institute is a 501(c)(3) research and citizen education organization that does not accept government funding. Yankee Institute develops and advances free-market, limited-government solutions in Connecticut. As one of America’s oldest state-based think tanks, Yankee is a leading advocate for smart, limited government; fairness for taxpayers; and an open road to opportunity.

1 Comment

  1. MARK SCOTT
    October 22, 2021 @ 12:36 pm

    We need a good highway to get us to where the jobs are, new york.
    We need to demolish the merrit museum and build a real highway instead.
    We need to be able to work to pay for our elite public sector workers that the rich want but don’t want to pay for.
    we need to understand that there are no decent jobs in ct except the public sector jobs.
    we need to accept that what little we earn in the private sector is not for our families and has to be handed over to the state to pay for thier esteemed, hardworking public employees until they pass laying in the sun on a florida beach.

    Reply

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