Unemployment Rate across Connecticut Drops to 8.2%

Unemployment Rate across Connecticut Drops to 8.2%

According to official figures shared by the Department of Labor on Thursday, the jobless rate across the state of Connecticut managed to fall to 8.2% for the month of November, despite the fact that the state has continued to cut jobs all throughout recession.

The rate of unemployment has recorded a 0.6 percentage-points drop from the 8.8% figure recorded for October, and it is being taken as an indicator of an improving economic situation. The state, for the month of November, had 62,000 fewer jobs than it did for the same period last year, and 2,600 fewer than in the previous month.

"Lower unemployment rates and fewer unemployed people are not necessarily signals of better times. If people are not seeking work, then they are not counted among the labor force and do not figure into the unemployment rate", said Salvatore DiPillo, the Labor Department's Statistics Supervisor.

The 8.2% jobless rate for November has been the lowest recorded since the 8.1% figure for August, and the 0.6 percentage-point fall was the largest single-month slip in the unemployment rate over the past 10 years.

Overall for the US, the rate of unemployment recorded for November was 10%, a decline from the 10.2% figure for October.

 

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