Since 1898, Lux Bond & Green Jewelers has been dedicated to offering truly extraordinary diamonds, jewelry, watches and gifts for the home.
Westport Young Woman's League CraftWestport, November 4-5, Staples High School
Quick Center: Compagnie Hervé Koubi in What the Day Owes to the Night Breathtaking, gravity-defying dance that transcends. Thursday  October 19  2017 8:00 P.M.
Your 24/7 News Source

Monday, December 23, 2013

CT Jobless Rate: Near 11% had 60,000 Not Left Workforce

The state’s unemployment rate would approach a gloomy 11 percent if more than 64,000 people hadn’t left the workforce since mid-2010, the University of Connecticut’s economic think-tank reported today.

And while the Connecticut Center for Economic Analysis recognized Gov. Dannel P. Malloy’s efforts to grow the economy, it said the budget deficits that have been projected after the next election, coupled with a failure to invest enough in the state’s infrastructure, remain big obstacles.

While the state Labor Department released a 7.6 percent jobless rate late last week, the center’s latest quarterly analysis called it “superficially encouraging” and “misleading” because of how much the state’s workforce is shrinking.

“The SA (seasonally adjusted) figure is a smoke screen on the true situation,” the center wrote. “The improving unemployment rate is, in large measure, an artifact of declining participation.”

Click here for more of story

       Share

Posted 12/23/13 at 10:20 PM  Permalink



Comments

You must have a Facebook account and be logged to this account (login/logout button above) to post comments. Comments are subject to our Comment Policy.