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Archive for the 'Unemployment' Category

Connecticut Unemployment Decreases

Tuesday, July 6th, 2010

For the fifth consecutive month, Connecticut added jobs to its economy, which now represents a total of 14,700 new jobs since December 2009 and a decrease in Connecticut unemployment.

Although three of the state’s 10 major industry sectors did show job gains, the majority of this increase was the result of Census jobs.

The increase brings the state’s nonfarm employment for May to 1,622,800, and the unemployment rate ticked down slightly to 8.9 percent. On a seasonally adjusted basis, this represents a decrease of 8,000 jobs over the year, when nonfarm employment for May 2009 totaled 1,630,800. (more…)

Connecticut Unemployment Rate Improves Slightly

Monday, April 19th, 2010

Finally some good news on the jobs front concerning the Connecticut unemployment rate.

The state’s nonfarm employment in March was 1,614,500, an increase of 3,000 jobs from the revised February 2010 figure of 1,611,500, the Connecticut Department of Labor announced today. On a seasonally adjusted basis, this is a decrease of 30,600 from the March 2009 total of 1,645,100 jobs.

“We have now seen three months of job gains in Connecticut, possibly one of the best indications we have seen to date that our economy is beginning to take a more positive turn,” noted Labor Statistics Supervisor Salvatore DiPillo. “We saw healthy gains in six of our major industry sectors, including manufacturing and construction – two areas that have suffered heavy losses as a result of the economic downturn. The gain of 3,000 new jobs parallels the growth we are seeing at the national level and gives us hope that this recession may be nearing its end.”

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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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