Connecticut's unemployment rate has fallen to 5.4 percent, marking its lowest since May 2008.
Data from the U.S. Bureau of Labor Statistics show the state added 4,100 jobs in July. Officials said Thursday the state has grown 30,600 nonfarm jobs over the last year and has now recovered 97 percent of the private sector jobs lost during the recession.
The unemployment rate dropped from 5.7 percent a month earlier. The state's jobless rate had been a full percentage point higher than the national rate a year ago but is now one-tenth of a point higher.
The state jobless rate was last at 5.4 percent in May 2008.
Gov. Dannel P. Malloy called the new report “good news.”
“Our state should recognize the progress we're making. Jobs are dramatically up, the unemployment rate is significantly down, and we're on track to reach private sector job levels that the state hasn't seen since before the Great Recession,” Malloy said in a statement on Thursday.
However, the governor said they “cannot - and will not – stop” after this news.
We are going to continue fighting for more good paying jobs with good benefits as we engage with companies like never before. This report is another step into the future for Connecticut,” Malloy said.
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