On Wednesday, October 28, 2015 the Connecticut Department of Labor (CT DOL) – Office of Research released their monthly Business and Employment Changes Announced in the Media report. For the month of October, the Startups and Expansions outlook was bleak, especially for those unemployed and hoping to see the State of Connecticut in an employment expansionary phase.

The only company to report hiring activity in October was from MC Credit Partners, a direct fund lending provider. This financial services company is relocating its New York City office to Stamford, Connecticut and they plan on hiring 26 more employees over the next four years.

As for Layoffs and Staff Reductions reported in October, RBS Securities of Stamford is continuing to lay off more employees by an additional 64 employees before the end of the year. Day Kimball Hospital of Putnam also announced they will lay off 23 employees before the end of the year. Both of these company announcements offset the one reported gain the State will make in the longer term.

Written by Alicia Sakal for Examiner. Contributed photo.