Connecticut Unemployment Rate Hits 9 Percent

The unemployment rises five months in a row, but state officials doubt the numbers.

Another month, another rise in Connecticut's unemployment rate. The August jobless rate from the Connecticut Department of Labor shows 9 percent unemployment for the first time since April 2011.     

The unemployment rate rose from 8.5 percent in July. State officials, including Governor Dannel P. Malloy, remain skeptical about the results.

“To date we can find no corroborating evidence that the record losses in employment and increases in unemployment, indicated by the household survey, are occurring at this magnitude,” said Andy Condon, director of the Office of Research at the Connecticut Department of Labor. “Other indicators, such as unemployment insurance claims, layoff events and reports of business expansions and contractions, do not support the sudden and steep decline in these indicators." 

Malloy issued a statement for the second month in a row about his doubt on the accuracyof the results. 

“We haven’t seen an increase in the initial number of people filing for unemployment benefits — in July, average weekly filings were 4,802 and in August they were 4,779.  In fact, claims are down from this time last year.  And tax withholdings are up 3.6 percent after adjustment,” Malloy said. “Those two trends are the opposite of what you would expect to see if the state was losing jobs at the rate suggested in this report."

Cliff Cuming September 20, 2012 at 07:05 PM
so how did a simply living representative from Chicago get to purchase a retirement home after 4 years of campaigning and golf... http://www.wnd.com/2012/09/secret-retirement-plans-does-obama-expect-to-lose/ Is the system working for you?
Ipso Facto September 20, 2012 at 10:28 PM
What pathetic nonsense. A link to another sliming by that charlaten Corsi. Even Al wouldn't stoop so low. Want to talk stupid, Cliff? Shall we discuss Rmoney's multimillion dollar house in La Jolla with the car elevator? Maybe you could stop with the middle-school nasty innuendo and focus on important issues? Maybe?
Cliff Cuming September 21, 2012 at 02:40 AM
I've now been in 57 states -- I think one left to go." --at a campaign event in Beaverton, Oregon
Cliff Cuming September 21, 2012 at 03:12 AM
here is one that speaks of the consequences of QE3 http://finance.townhall.com/columnists/larrykudlow/2012/09/15/obamanomics_has_failed_dismally/page/full/ Dems and Reps and Libertarians are all screwed... I just hope Romney does not use the "I inherited a mess and you can't change Washington from within" excuse 4 years frpm now.
Cliff Cuming September 21, 2012 at 03:18 AM
Schiff: The geniuses at the Federal Reserve have concocted a bold new plan to revive the U.S. economy -- print a bunch of money, loan it to Americans at super low interest rates so they can speculate on rising real estate prices, extract the appreciated equity and spend it on consumer goods. In other words, build an economy of real estate, by real estate, and for real estate. The only problem is we've been there and done that. The last time it almost destroyed the U.S. economy. I guess almost isn't quite good enough for the Fed, so now it's determined to finish the job. These actions will destroy Americans' savings and hurt people on fixed incomes. To protect yourself, I recommend a strategy of foreign equities, commodities, and gold and silver.


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