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. 

Paul Alexander November 20, 2012 at 04:00 PM
Dear Governor Malloy, Every time unfavorable unemployment figures are released for the state you cite the “severity of the recession that slumped the economy.” Do you accept ANY responsibility for YOUR fiscal policies accelerating that “slump”? During your first budget cycle in 2011 the Democrat controlled General Assembly proposed, and YOU signed, a record breaking tax increase of $1.5 BILLION dollars. Today, less than 2 years later, there are reports that when the Connecticut General Assembly meets next in a few months time, the state will be looking at a $2.5BILLION deficit. How is that possible? Where does the money go??? Pratt & Whitney just announced a jet engine design and fabrication initiative and choose to add those 200+ HIGH PAYING jobs to their facility in FLORIDA. WHY? Do you accept that the tax and regulation environment in Connecticut that you have perpetuated and accelerated is responsible for those companies that are able to do so to move jobs OUT of Connecticut? Why do you not accept that YOUR failed tax and spending policies are killing the job market in Connecticut?
Paul Alexander November 20, 2012 at 04:01 PM
If you want to see the employment figures in Connecticut improve, then STOP over taxing and over regulating the businesses and the business owners who can create the jobs you want to see but are holding back due to your job killing tax and spending policies. You may be able to avoid a tax increase this budget cycle using budget gimmickry the year before you run for re-election, but everyone knows how dire the fiscal circumstances are in Connecticut and that you are just putting off the massive tax increase you will certainly enact once you are safely re-elected. How many jobs will leave or not be created then???
Steven November 21, 2012 at 02:02 PM
"Today, less than 2 years later, there are reports that when the Connecticut General Assembly meets next in a few months time, the state will be looking at a $2.5BILLION deficit. How is that possible? Where does the money go???" Its the public sector unions...


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