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Posted inMoney, Politics

Murphy, Courtney: Trump cuts to job training grants could hurt EB

WASHINGTON — President Donald Trump’s budget calls for cutting manufacturing training money that has helped provide hard-to-find skilled workers for Electric Boat and its suppliers, even as the president wants to ramp up building submarines. “This is exactly the wrong direction we should be going,” said Rep. Joe Courtney, D-2nd District.

Posted inMoney

CT jobless rate rises as 2015 job growth estimates are cut in half

Despite gaining 900 jobs, Connecticut’s unemployment rate rose slightly in January from 5.4 to 5.5 percent, the state Department of Labor reported Friday. The department also significantly reduced its original job growth projections for 2015 by 14,700 jobs. That means Connecticut only has recovered 73 percent, or 86,700 of the jobs lost in the last recession.