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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 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. 

Spiff November 20, 2012 at 06:14 PM
Anti-growth policies from the Malloy administration will continue to stifle any chances of a decent recovery in this state. CT voters need to smarten up and vote these anti-growth Democrats out of office. The future of our state depends on it!
meowkats4 November 20, 2012 at 06:52 PM
Our legislatures start their sessions in January 2013, so everyone better be paying very close attention to these Lawmakers. Watch what bills get passed!
Mark Kalina November 21, 2012 at 01:41 AM
Well, meow, its tough to keep an eye on them when they pass legislation in the middle of the night and at the last minute, with little knowledge of the contents of the bill... until it comes time to implement the results.
meowkats4 November 25, 2012 at 07:04 PM
We should stand-up to the the crooked ways of our state government and demand they work for us, not we work for them. Sounds like people just like the idea when politicians throw us crumbs and people just take it.

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