Unemployment rate is 6.3% in CT, a five-year low

The unemployment rate in Connecticut was 6.3% in January, a five-year low, according to the state Department of Labor (DOL).

The DOL’s most recent Labor Situation report, covering January 2015, shows that Connecticut saw a net increase of 5,500 private sector jobs in January, bringing the state’s unemployment rate to 6.3%.

The statistics also show that in 2014, Connecticut had its best growth of private sector jobs since 1998, with a net gain of 23,000 positions.

Malloy: 'Moving in the right direction'

“Our economy is continuing to head in the right direction, with the private sector steadily adding jobs at a rate that our state hasn’t seen in decades,” Gov. Dannel P. Malloy said.

“We’re positioning Connecticut’s economy for long-term growth and the results are moving in the right direction," he said.

“But we cannot stop here — we will continue in our efforts to move Connecticut forward to ensure that everyone in our state who wants a job has one,” added Malloy, a Democrat re-elected to a second term in 2014.

The state’s unemployment rate remains higher than the national rate, which was 5.5% for February.