October 2024
Released November 19, 2024
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United States Employment Snapshot
In October, among the 50 states and the District of Columbia unemployment fell in 8, rose in 22, and remained unchanged in 21.
The highest unemployment rate was 5.7 percent in District of Columbia and Nevada, and the lowest was 1.9 percent in South Dakota. Nationally, the unemployment rate remained unchanged in October.
In October, payroll jobs rose in 21 states and fell in 30. The largest payroll job percent increase was 0.4 percent in Idaho. The largest payroll job percent decline was 1 percent in Washington.
Connecticut Employment Snapshot
In October, Connecticut lost 300 net payroll jobs and the unemployment rate fell by 0.2 percentage point to 3 percent. In the prior month, Connecticut lost 1,300 net payroll jobs.
Over the past 12 months, Connecticut added 8,300 net payroll jobs and the unemployment rate fell by 1.2 percentage points from 4.2 percent.
Nationally, nonfarm payrolls rose by 12,000 in October, or 0 percent. Connecticut is tied for 47th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
In October, Connecticut’s private sector added 900 net private payroll jobs, and over the past 12 months it added 7,400 private payroll jobs. In the prior month, Connecticut lost 600 net private payroll jobs.
In October, employment in Connecticut rose by 4,669, and over the past 12 months it rose by 23,661.
Connecticut’s labor force participation rate remained steady at 64.1 percent in October and ranks 21st in the nation. In the past 12 months, the labor force participation rate has fallen by 0.2 percentage points.
Connecticut Payroll Employment
Connecticut lost 300 net payroll jobs, or 0 percent, on a seasonally adjusted basis during October. In the prior month, Connecticut lost 1,300 jobs. Connecticut nonfarm payroll employment has increased in 6 of the past 12 months.
Nationally, nonfarm payrolls rose by 12,000 in October, or 0 percent. Connecticut is tied for 47th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
Connecticut added 900 private sector jobs, or 0.1 percent. on a seasonally adjusted basis during October. In the prior month, Connecticut lost 600 jobs. Connecticut private sector payroll employment has increased in 7 of the past 12 months.
Nationally, private sector payroll jobs fell by 28,000 jobs in October, or 0 percent. Connecticut is tied for 44th in the nation for percentage gain in private sector payroll employment over the past 12 months.
The best performing sectors on a seasonally adjusted basis during October were Leisure and Hospitality tied with Other Services (500) and Trade, Transportation, and Utilities (400).
The poorest performing sectors during the month were Education and Health Services (-300) and Government (-1,200).
The best performing sectors during the last 12 months were Education and Health Services (8,700) and Leisure and Hospitality (5,000).
The poorest performing sectors during the last 12 months were Professional and Business Services (-1,900) and Trade, Transportation, and Utilities (-5,300).
Connecticut Labor Force
The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.
The labor force participation rate in Connecticut remained unchanged at 64.1 percent in October.
Connecticut ranks 21st in the nation.
The 10-year high for the labor force participation rate in Connecticut was 66.6 percent occurring in November 2019, and the 10-year low was 61.6 percent in May 2021.
The national labor force participation rate fell by 0.1 percentage points to 62.6 percent in October.