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Connecticut Unemployment Back to 9 Percent

Job growth appears to be slowing and wages are on the decline.

 

The October unemployment rate increased a tenth of a percent to 9 percent, according to figures from the Connecticut Department of Labor. One survey showed that 1,200 jobs were added in the previous month despite the uptick in the unemployment rate.

“With October’s results we are, for the first time, showing year-over-year declines in job levels,” said Andy Condon, director of the Department of Labor’s Office of Research. “However, we believe that when we complete our annual benchmark revisions in March, we will be showing as many as 8,000 to 9,000 more jobs in the state than the payroll survey currently indicates. If so, the current year-over-year declines will no longer hold.”

The state’s unemployment rate peaked at 9 percent twice this year. Before July 2012, the previous time unemployment was at 9 percent was April 2011.

In a written statement, Gov. Dannel P. Malloy stressed the severity of the recession that slumped the economy.

“Though not as severe this month as in previous months, the household and business surveys are once again pointing in opposite directions,” Malloy said. “On the one hand, we created 1,200 jobs this month.  But on the other, our overall unemployment rate increased slightly.  If these conflicting results tell any single story, it’s that more people are attempting to enter the workforce because conditions are beginning to improve.”

The survey shows that the average workweek droped from 34.4 hours in 2011 to 34 hours in October. Average hourly earnings dropped 54 cents to $27.93 in a year. 

Kelley Anne November 20, 2012 at 08:07 PM
Looks like this guy found work! http://l.yimg.com/bt/api/res/1.2/1V07qmtTU_Uh8d5N0GG1dA--/YXBwaWQ9eW5ld3M7cT04NTt3PTMxMA--/http://media.zenfs.com/en/blogs/theticket/romney-gas-pumping.jpg
Alethiologist November 20, 2012 at 08:43 PM
Ironic, obamacare and the proposed tax reforms are based on ol Mitt's ideas.
Alethiologist November 21, 2012 at 02:31 AM
Stop crying. Someday you guys will have a constructive idea. Maybe not in my lifetime but maybe, just maybe you'll understand dependency will keep you in the nursery.
Hermann Zwergel November 21, 2012 at 03:25 AM
Right on! As Republican Jindal said, the GOP needs to stop being the party of STUPID!
Alethiologist November 23, 2012 at 05:38 PM
Say, how has Barack Obama’s Arab Spring policy worked out for us so far? Well, we bombed one dictator out of power in Libya, which set that nation free … to have terrorist networks openly operate and control the eastern part of the country, which resulted in the sacking of our consulate in Benghazi, and four American deaths. In Egypt, we pushed our longtime ally out of power after just eight days of peaceful protests, and then insisted on immediate elections in which only the radical Muslim Brotherhood could organize effectively — and they took over the government and the military. But at least Egypt transitioned to democracy, right? Egypt’s president issued constitutional amendments that placed him above judicial oversight and ordered the retrial of Hosni Mubarak for the killing of protesters in last year’s uprising. Mohammed Morsi also decreed immunity for the Islamist-dominated panel drafting a new constitution from any possible court decisions to dissolve it, a threat that had been hanging over the controversial assembly. … The Egyptian leader also decreed that all decisions he has made since taking office in June and until a new constitution is adopted and a new parliament is elected — which is not expected before next spring — are not subject to appeal in court or by any other authority. He also barred any court from dissolving the Islamist-led upper house of parliament, a largely toothless body that has also faced court cases.

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