The economy is slowing down, but it keeps creating jobs at a healthy pace. Employers added 164,000 jobs last month, as the unemployment rate held steady at 3.7%, the Labor Department said Friday. The jobless rate remains at a nearly 50-year low.
Analysts had expected about 165,000 jobs to be added in July and the unemployment rate to be 3.6%.
Connecticut’s unemployment rate dropped by slightly to 3.6 percent in July despite the loss of 100 jobs, the Department of Labor reported Thursday. That’s because the labor department also revised June job losses from 1,400 positions lost to just 800.
It’s been more than three years since the city of Hartford fired Centerplan Construction, the original developer of the Dunkin’ Donuts Park baseball stadium. The firing prompted Centerplan to sue the city, saying it was wrongfully terminated. Jurors heard closing arguments in the case Monday.