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Unemployment Rises, Employment Down in December
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Business New Haven
2/4/2002
By: Susan Cornell
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The State's Department of Labor announced that the unemployment rate rose to 3.6 percent in December, 2.2 points below the national rate of 5.8 percent. The largest decrease over the month was in wholesale and retail trade, down 1,900. Manufacturing followed, down 900. The services sector was down by 600. Increases were reported in construction and mining, up 500, followed by transportation, communications and utilities, up 300. That was followed by government (including Native American tribal government employment), which rose by 100.
Average weekly initial unemployment claims for first-time filers decreased by 876 over the month.
"December's job losses were due, in part, to the weakest holiday retail season in years; two-thirds of the job decline from November was in the retail sector," explained Salvatore DiPillo, the DOL's Labor Statistics Supervisor. "The job losses were reflected in a rise in the unemployment rate, although new claims for unemployment, when adjusted for seasonal patterns, were down."
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