Skip to comments.Unemployment in Connecticut dips to 7.8 percent
Posted on 03/29/2012 10:36:00 AM PDT by matt04
Unemployment in Connecticut dipped to 7.8 percent in February as the economy added 4,900 nonfarm jobs, the state Department of Labor said Thursday. Revised numbers show 5,400 new jobs in January.
"This is good news. For the seventh consecutive month, we're seeing positive signs in the state's economic recovery, again outpacing the national average and bringing unemployment to its lowest level since April 2009," Gov. Dannel P. Malloy said.
Andy Condon, director of the labor department's Office of Research, offered an analysis unchanged from last month.
"It appears the region's mild winter continues to help job growth in Connecticut across many industries, including construction, manufacturing and trade," Condon said. "Unemployment continues to decline, although the strength of the move is diminished somewhat by the second consecutive monthly decline in our labor force."
(Excerpt) Read more at ctmirror.org ...
How many dropped out of the job market? The number of people in the work force keeps dropping nationally, which makes the unemployment rate drop. Note that the national unemployment rate counts ONLY those who have actively looked for jobs in the last 4 WEEKS. With unemployment lasting average of 6+ months, that 4 week period is unrealistic.
The unemployment rate is determined by surveys. During the Clinton administration, the Dept of Labor stopped surveying inner city residents, resulting in lowering the unemployment rates. Who knows what Brobama is doing.
Bet this will be the national rate around election time!!! ..... Yup .... the way I see it ...... There are three types of lies in this world ....... lies, ..... damn lies, ....... and ..... statistics."