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News From

State Senator

Steve Cassano

Majority Whip

Representing Andover, Bolton, Glastonbury & Manchester

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Contact: Lawrence Cook
860-240-8609

March 12, 2012

Cassano Welcomes Latest Good Economic News for Connecticut

Unemployment lowest in 3 years; 7,100 jobs added in January alone

State Senator Stephen T. Cassano (D-Manchester) today welcomed a new report from the state Labor Department that shows unemployment in Connecticut has dropped to a three-year low, and that 7,100 new jobs were added in January alone.

Among the largest employment sectors showing growth were the construction industry, which grew 6.3 percent in January and added 3,100 jobs (thanks in part to a mild winter), the transportation and utilities sector, which grew 0.7 percent and added 2,100 positions, and the education and health services sector, which grew 0.5 percent and added 1,500 jobs.

Labor Department statistics show that over the past year, the largest job losses have occurred in the state and local government sector, which lost a combined 4,400 jobs, or nearly 2 percent of its workforce.

“I think the legislature has been working hand-in-hand with business advocates to re-invest in growing jobs and our state economy, and that is beginning to show some very positive dividends,” Sen. Cassano said. “I keep referring back to our October jobs special session and the billion-dollar investment we made in small business loans and grants and job-training incentives, as well as in fixing state farms and attracting new, large employers to the state. That investment is going to pay off handsomely in the months and years to come.”

“I’m also happy to see growth in out state construction industry, which has taken a serious hit in recent years due to the drop in the housing market,” Sen. Cassano continued. “I worked very hard last year with the Connecticut Homebuilders Association to pass some legislation that would make it easier for builders to start work once the national economy picked up, and we may be seeing the effect of that legislation as well. So all in all we are on the right track.”

So far, according to the Labor Department, Connecticut has now recovered 35,900, or about a third, of the non-farm jobs it lost in the national and global recession which began in March 2008 and which technically concluded in February 2010.

 

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Hartford, CT 06106-1591

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