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Thursday, December 19, 2013

CT Unemployment Rate Drops to 7.6%

By Keith M. Phaneuf

www.ctmirror.org

The state’s unemployment rate dropped to 7.6 percent in November as a surging retail sector helped Connecticut gain about 4,000 jobs, the state Labor Department reported today.

The jobless rate, which stood at 7.9 percent in October, also was down compared with the 8.3 percent unemployment rate in November 2012.

But while education, health services and financial activities also saw growth from October to November, other key sectors of the economy declined.

“November’s strong job growth offset some declines in the third quarter returning us to the positive, though modest growth path we have seen throughout 2013,” Andy Condon, director of the Labor Department’s Office of Research, said. “A third straight month of unemployment rate declines is certainly good news, though these declines are still occurring on a shrinking labor force.”

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12/19/13 02:40 PM Comments (0) • Permalink Digg Favicon Email Favicon Facebook Favicon LinkedIn Favicon TwitThis Favicon
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