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Friday, May 16, 2014

CT’s Jobless Rate Under 7% for First Time in Five Years

By Keith M. Phaneuf

Connecticut’s unemployment rate cracked the 7 percent floor for the first time in five years in April thanks to the creation of 2,200 new jobs, the state Labor Department reported today.

The jobless rate fell to 6.9 percent, down from 7 percent in March, its lowest mark since the 6.7 percent rate recorded in December 2008.

April’s numbers also represented the third consecutive month of job growth. Connecticut now has added 6,900 jobs over the past year. The unemployment rate stood at 7.8 percent 12 months ago.

“Both the establishment and household employment surveys are pointing to an improving labor market going forward for the state after extreme winter volatility,” said Andy Condon, director of the department’s Office of Research.

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