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A major electric company is planning to cut Connecticut finance jobs.

General Electric Co. recently announced its plan to cut jobs and costs next year from GE Capital, based in Fairfield, Connecticut. The plan will save $2 billion in costs as the company slows lending in some businesses, considers others for potential sale and cuts jobs. The cuts, which will effect some of GE Capital’s 75,000 positions, will begin Jan. 1, 2009. Positions will be reduced as the company consolidates back offices and curbs lending in areas such as residential mortgages, according to an article by Bloomberg.

“Broadly, in a world where we think liquidity is an issue and is likely to remain an issue for a while, we’re de-emphasizing in general product lines that attract a lot of debt for the amount of earnings,” Vice Chairman Michael Neal said in the article.

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One large health insurance company is considering cutting Connecticut insurance jobs.

Aetna recently announced that some job cuts are likely. While the company is currently doing better than many of its competitors, according to an article by the Hartford Courant, some jobs will probably be cut in the company’s effort to protect its competitive edge as the economy continues to declie. Aetna provides health, dental, pharmacy, group life and disability insurance.

“We will pursue all appropriate options to reduce costs, including selective reductions in staff,” Ronald A. Williams, chairman and chief executive, said in the article.

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While AT&T Inc. recently announced its plans to make cuts, officials are doing their part to save customer service jobs in Connecticut.

Connecticut Attorney General Richard Blumenthal last week asked state regulators to block any cuts pending an investigative hearing. However, according to an article by the New Haven Register, regulators do not normally get involved in labor issues.

AT&T announced in October that it planned to close its Meriden call center, eliminating 60 jobs and relocating the work to Michigan. Anyone losing a job would have the option of applying for another job within the company in Connecticut.

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While seasonal jobs will be fewer this year than last because of the current economic downtrend, those seeking seasonal Connecticut retail jobs may have some help.

The National Retail Federation estimates that holiday retail spending will increase by a minor 2.2 percent, the slowest rate of growth in six years. In preparation for a slew of job seekers and not as many jobs, the Connecticut Better Business Bureau has some tips for job seekers.

First, it’s important to start your search as soon as possible, as people seeking holiday jobs will need to look harder this year than in past years to find a good position, because many jobs are being lost. It may help to identify companies you’d like to work for and which positions your skills are best suited for, and then begin sending in applications.

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Connecticut as a whole lost 2,300 jobs during September, but it is Connecticut construction jobs that have seen the biggest over-the-year loss.

As of September, the construction industry employed 67,700 workers, down from 68,000 workers during August and a decrease of 1.6 percent from last year, according to the United States Department of Labor Bureau of Labor Statistics.

The state saw a total non-farm employment of 1,702,400 workers during September, the same as this time last year, but down from 1,704,700 in August. The loss of 2,300 jobs is the second largest since January, when the state lost 2,500 jobs. Although the state has seen monthly job losses, the loss of thousands of jobs is a turn around from the recent trend of the state adding jobs when compared to last year.

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A large communications company recently announced it would cut several customer service jobs in Connecticut.

AT&T has announced its plans to move 60 customer service positions from the company’s Meriden, Connecticut office to Michigan. Connecticut state officials have backlashed against the decision, fearing the company’s local customer service department will suffer, according to an article by the Hartford Courant. The cuts come shortly after Connecticut saw the loss of 1,000 jobs.

AT&T has told maintenance administrators, who take calls from customers in need of land-line phone repairs and then dispatch crews, that the company would be closing its dispatch office in Meriden and moving their jobs to a Michigan office. The administrators will have the option of relocating to Michigan, transferring to a different department in Connecticut or taking a severance package of up to a year’s pay.

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Two of the state’s largest casinos are causing the loss of Connecticut jobs.

Connecticut’s Foxwoods Casino plans to lay off 700 workers this month, while a $700 million expansion at Mohegan Sun has halted, putting a hold on 2,000 more jobs. According to an article by ABC News, this is the first time in 15 years Connecticut’s casino industry has seen a slowdown.

Mohegan Sun says its slowdown is affecting everyone from gamblers to retirees.

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Many jobs in Connecticut are expected to grow during the near future.

Through 2014, employment in the State of Connecticut is expected to increase by more than 150,000 jobs, or 8.5 percent, when compared to employment in 2004. It also is expected an additional 420,000 workers will be needed because of employee turnover, according to an article by the Connecticut Department of Labor.

Connecticut, along with the rest of the country, is expected to shift from a manufacturing economy to a service economy. By 2014, it is projected the state’s manufacturing industry will only employ 10 percent of the state’s workforce.

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Many members of the younger generation, or Generation Y, are moving away instead of filling jobs in Connecticut.

In a recent article by the Enfield Press, it was noted many young people are leaving Connecticut with no intention of returning. There are various reasons for the departure of youths, including a lack of jobs, expensive housing and little public services.

“Most of Connecticut’s jobs are at old-economy companies that offer opportunity primarily through hierarchical advancement,” the article notes. “The poor business climate discourages the kind of new economy startup activity dominant elsewhere. To make matters worse, The Hartford Courant reports the employers have responded to high gas prices by screening candidates based on distance.”

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Although the nation is facing an increase in unemployment, jobs in Connecticut slightly increased from last year during July.

According to the United States Department of Labor Bureau of Labor Statistics, the State of Connecticut’s total non-farm employment in July 2008 was at 1,704,900, an increase of .3 percent from last year. That employment rate is lower than the 1,705,900 workers the state had in June.

Industries in Connecticut that increased include:

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