- CT Business News Journal

Jobless Rate Rises

E-mail Print PDF

WETHERSFIELD — The message from the state’s employment statistics for August is that job growth has slowed. Figures show an increased unemployment rate to 9.0 percent, while jobs decreased by 6,800. However, those numbers are not consistent with other employment indicators, according to Andy Condon, director of the state Department of Labor’s Office of Research. “To date we can find no corroborating evidence that the record losses in employment and increased in unemployment…are occurring at this magnitude,” Condon said in a department release. “Other indicators, such as unemployment insurance claims, layoff events and reports of business expansions and contractions, do not support the sudden and steep decline in these indicators. We continue to monitor the situation carefully and are working closely with the Bureau of Labor Statistics (BLS) to investigate every possibility.” Six of the state’s industry supersectors posted declines in job growth. They include leisure and hospitality, with 3,100 fewer jobs; accommodation and food services, which surrender 2,100 jobs; and arts, entertainment and recreation, which lost 1,000 positions. Some job gains were seen in four supersectors, including health care valium no prescription social assistance (600 positions added) and education and health services (500 additional jobs). The national unemployment rate for August was 8.1 click here.


Finance Stocks

Powered by Stock Trader