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(CT)Unemployment inches higher in May, but state labor force grows
The CT Mirror ^

Posted on 06/18/2012 12:11:01 PM PDT by matt04

Connecticut's unemployment rate inched higher last month, climbing by one-tenth of 1 percent to 7.8 percent, the state Department of Labor reported Thursday.

But while the rate climbed marginally, state officials said that with an extra 5,270 residents seeking work last month, the expanding labor force could be a positive sign.

"Given the fact that more people are trying to enter the workforce because they're more optimistic they can actually find a job, the change in the unemployment rate is not a surprise," Gov. Dannel P. Malloy said. "As I've said all along, changing an economy that failed to grow jobs in a meaningful way for a generation won't happen overnight. But I am committed to seeing this through."

The expanding labor force could show optimism in the economy, as residents sense better employment prospects, agreed Andy Condon, director of the Labor Department's Office of Research. "A resumption of more typical seasonal patterns now will hopefully give us a clearer picture going forward on job growth and unemployment in the state," he said. "Growth in the civilian labor force, if it continues, is a sign that more people are actively searching for work."

This is particularly significant, Condon added, since the labor force -- the number of residents either working or unemployed but seeking work, had declined for four consecutive months before May.

Over the calendar year so far, the state has added nearly 6,200 jobs, a modest bump of 0.4 percent.

(Excerpt) Read more at ctmirror.org ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: Connecticut
KEYWORDS: economy; malloy; unemployment
Unexpectedly!

Assuming the statistics don't include June, that means the state of CT added 1,240 jobs per month since January.

1 posted on 06/18/2012 12:11:08 PM PDT by matt04
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To: matt04
"an economy that failed to grow jobs in a meaningful way for a generation won't happen overnight."

Yup. Sure thing. Job creation in this country has been pretty much flat as a strap for 30-some years. Decades without any job creation at all. So, that being the case, it is unreasonable to expect Obama to accomplish anything in a mere 3.5 years of his first term ...

2 posted on 06/18/2012 12:22:42 PM PDT by ClearCase_guy (On the subject of illegal immigrants: It's a case of Us against Them -- and Obama is one of Them.)
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To: matt04
CT, thankfully, is now on the unstoppable MI-style slide that is created by all marxist governors. CT serfs made their bed...let them sleep in it.

90% of campaign promises broken or rescinded. Looming budget chaos. Huge tax increases for every living working person. Nanny state policies to match states like MD, CA, NY, and MA.

Elect an obamao wannabe and suffer the consequences...

Can hardly wait to go to CT for the huge annual summer picnic with the obama commie butt-boy in-laws. Will try to add a Walker t-shirt to my usual Palin-Reagan t-shirt ensemble.

3 posted on 06/18/2012 12:38:10 PM PDT by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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To: matt04

But while the rate climbed marginally, state officials said that with an extra 5,270 residents seeking work last month, the expanding labor force could be a positive sign.

YES! Ever increasing unemployment is a positive sign!
Work makes you free!


4 posted on 06/18/2012 12:46:55 PM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: matt04

I doubt people feel better about their chances of getting a job. The better cause of rising numbers would be that unemployment checks are running out, and the competition amongst panhandlers is fierce.


5 posted on 06/18/2012 12:48:28 PM PDT by pallis
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