{"id":214533,"date":"2025-06-26T00:48:07","date_gmt":"2025-06-26T00:48:07","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/214533\/"},"modified":"2025-06-26T00:48:07","modified_gmt":"2025-06-26T00:48:07","slug":"cbia-response-to-may-2025-employment-report-cbia","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/214533\/","title":{"rendered":"CBIA Response to May 2025 Employment Report\u00a0 \u00bb CBIA"},"content":{"rendered":"<p>The state\u2019s largest business organization issued the following response to today\u2019s release of the <a href=\"https:\/\/www1.ctdol.state.ct.us\/lmi\/laborsit.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">May 2025 employment report<\/a>.\u00a0\u00a0<\/p>\n<p>\u201cMay\u2019s 6,500 job decline shines a bright spotlight on the immense volatility in Connecticut\u2019s jobs market,\u201d said CBIA president and CEO Chris DiPentima.\u00a0\u00a0<\/p>\n<p>\u201cEven if we ignore the 3,000 manufacturing workers who were on strike last month, we\u2019ve erased the modest job gains we made last year despite openings increasing to 80,000\u20143.9% over the previous month.\u00a0<\/p>\n<p>\u201cAccounting for the strike, Connecticut\u2019s year-over-year job growth is only 0.3%\u2014half a point lower than national employment growth.\u00a0<\/p>\n<p>\u201cPrivate sector average weekly earnings growth is keeping pace with national trends\u20143.8% year-over-year compared to 3.9% nationally.\u00a0<\/p>\n<p>\u201cConnecticut average private sector weekly earnings are now $1,298.59\u20144.5% higher than the U.S. average.\u00a0<\/p>\n<p>\u201cThe stark reality of this report and the wild swings in the jobs market this year make it clear that Connecticut\u2019s labor market struggles are holding back our economic potential.\u00a0\u00a0<\/p>\n<p>\u201cKey factors driving Connecticut\u2019s stagnant economy\u2014such as the high cost of living\u2014went unaddressed once again by policymakers during the legislative session.\u00a0<\/p>\n<p>\u201cDespite the session ending, it\u2019s critical that public and private sector leaders work closely and identify creative, sustainable solutions for making this a more affordable and attractive place to live, work, and do business.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The state\u2019s largest business organization issued the following response to today\u2019s release of the May 2025 employment report.\u00a0\u00a0&hellip;\n","protected":false},"author":2,"featured_media":214534,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3092],"tags":[51,20462,897,16,15,19178],"class_list":{"0":"post-214533","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-connecticut-economy","10":"tag-jobs","11":"tag-uk","12":"tag-united-kingdom","13":"tag-workforce"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114746917377702318","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/214533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=214533"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/214533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/214534"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=214533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=214533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=214533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}