Monday, January 27, 2014
By Keith M. Phaneufwww.ctmirror.org
Connecticut’s unemployment rate continues to drop – but so does the number of residents still looking for work.
The December jobless rate fell from 7.6 percent to 7.4 percent, the state Labor Department reported today. But Connecticut also lost 3,900 jobs during that month.
The unemployment rate reflects the number of unemployed people compared with the entire workforce – which includes those employed and those seeking work. So if the total seeking work declines, the unemployment rate can drop even though the state loses jobs.
“Connecticut’s payroll job counts appear to have been affected by bad winter weather around the time of the survey reference week,” said Andy Condon, director of the Labor Department’s Office of Research.
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