WETHERSFIELD, CT (WFSB) – Connecticut’s unemployment rate was 6.4% in October.
The Connecticut Department of Labor announced the rate on Thursday and said it was a 0.4% drop from September.
The number marked the fifth consecutive month of declining unemployment in the state.
Connecticut added 5,300 jobs in October. The DOL also revised its September employment growth figures from 4,700 to 6,500.
“The employment figures and the unemployment rate continue to move in the right direction,” Acting DOL Commissioner Dante Bartolomeo said. “The employment figures in particular give us reason to be optimistic that these trends will continue until 2021.”
Bartolomeo said there was still work to be done across all sectors to regain jobs lost during the COVID-19 pandemic. However, the data signaled that a stable economic recovery was underway.
“We’ve always said it, but it bears repeating that this constant improvement is in part due to the fact that Connecticut residents have taken the virus seriously and have responded admirably by wearing masks, getting vaccinated and getting vaccinated. socially distancing, âshe said. “It has helped control the virus and our economy is stronger for it.”
Each quarter, job growth accelerated throughout the year, noted DOT research director Patrick Flaherty.
“[That’s] a model that we plan to continue in the fourth quarter of 2021, âsaid Flaherty. Plus, while there is no doubt that the pandemic has severely damaged Connecticut businesses and our workforce, market watchers love to see these kinds of extensive job gains reaching a variety of industrial sectors. âIt is a sign of a fundamentally healthy economy. It’s going to take time to fully recover.
The DOL said that with the unemployment rate falling below 6.5%, it estimates Connecticut will trigger extended benefits by early next year. Extended Benefits, a 13-week extension of regular state unemployment benefits, expire when the state’s three-month average unemployment rate falls below 6.5%. About 20,000 of the 45,000 weekly filers are currently using extended benefits.
More information on the DOL report can be found here.
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