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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. Continue Reading →

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CT unemployment hits seven-year low of 5.4%

Connecticut gained 4,100 jobs in July as the unemployment rate fell to a seven-year low of 5.4 percent, marking three consecutive months of job growth that have brought the state’s unemployment rate close to the U.S. average of 5.3 percent. Continue Reading →

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CT DOL says February unemployment rate was 6.4%

The unemployment rate in Connecticut was 6.4 percent in February, a tenth of a point higher than the previous month as the state added both jobs and job seekers, the state Department of Labor said Thursday. “Connecticut’s record cold February temperatures and frequent snow appears to have affected industry employment, hours worked, and some unemployment claims activity last month,” said Andy Condon, director of the Office of Research. “Nevertheless, the state’s labor force weathered the cold and continues to expand, bringing out more jobseekers.”

The unemployment rate was higher, despite the addition of jobs to the economy, since more people were seeking work, Condon said. The state’s labor force, which grew by 5,368 jobs last month, now has increased for 17 consecutive months. The February 2014 unemployment rate was 7 percent. Continue Reading →

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