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State Economic Indicators
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Business New Haven
9/20/1999
By: BNH
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| WETHERSFIELD - The Department of Labor reports that unemployment claims for the two-week period ending August 21 averaged 36,594 statewide, down 815, or 2.2 percent, from the previous period and down 81, or 0.2 percent compared with the same period a year ago. Regular state initial filings decreased to 3,013 from the prior two-week level of 3,701, while continued claims decreased to 33,581 from 33,708. The insured unemployment rate, defined as continued claims filed during the most recent 13-week period, remained steady at 1.9 percent. In housing permit activity, Commissioner James F. Abromaitis of the state's Department of Economic & Community Development, announced that Connecticut municipalities authorized 977 new housing units in July, a 24.7-percent decrease compared to July 1998 when 1,297 were authorized. The July figures also represent a decrease of 20.6 percent from the 1230 units permitted in June. Year-to-date permits are down 1.8 percent, from 6,610 through July 1998 to 6,491 through July of this year. "With the exception of 1998's record level, permits for July are at their highest level in five years," Abromaitis said. "Six out of Connecticut's eight counties continue to experience growth exceeding last year's record level of housing permits."
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