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Archive for the 'Unemployment' Category

Connecticut Jobs Decline

Wednesday, February 10th, 2010

According to a new study released by the University of Connecticut, Connecticut jobs will continue to be eliminated, as outsourcing and government budget problems dim employment recovery prospects.

The report begins by grimly stating, there is no jobs recovery in sight. Assuming national growth trails off from the unsustainable 5.7% of the fourth quarter, Connecticut continues to lose jobs through 2011; the rate of loss simply slows from the predicted rate in the previous CCEA Outlook.

The state’s economy has undergone a critical structural change as the degree of outsourcing—whether to other states or abroad—has grown quickly for more than a decade; the result is that even strong growth in total output may not translate into rapid improvement in employment. The effect shows in a pattern of progressively slowed jobs recovery.

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Connecticut Unemployment Declines

Monday, August 31st, 2009

Even though the state continued to lose jobs last month, the Connecticut unemployment rate declined.

During July, the state saw its unemployment rate decrease from 7.9 percent to 7.8 percent, which is lower than the national unemployment rate of 9.4 percent. Prior to July, Connecticut hadn’t seen its unemployment rate decrease since September 2008, when it went from 6.1 percent to 6 percent.

Connecticut had a total non-farm employment of 1,633,400 workers during July, according to the United States Department of Labor Bureau of Labor Statistics. This is down from 1,636,200 workers during June and a 3.9 percent decrease from last year.

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Connecticut Unemployment Help

Tuesday, April 14th, 2009

Unemployed workers in Connecticut will receive some extra funding and job training. Click here to see Connecticut job listings.

Connecticut is slated to receive an additional $29.3 million in federal stimulus money to enhance unemployment benefits and job training for the thousands of residents who have lost their jobs. These funds are in addition to the $11 million the state received earlier this year, which increased unemployment by $25 per week.

Connecticut qualified for the additional funds through the American Recovery and Reinvestment Act by allowing workers to use their more recent earnings to qualify for benefits. The Connecticut Department of Labor is able to use the funds to pay for unemployment benefits, administer its unemployment insurance program or deliver employment services.

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