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Connecticut Unemployment Rate Hits 9 Percent

The unemployment rises five months in a row, but state officials doubt the numbers.

Another month, another rise in Connecticut's unemployment rate. The August jobless rate from the Connecticut Department of Labor shows 9 percent unemployment for the first time since April 2011.   

The unemployment rate rose from 8.5 percent in July. State officials, including Governor Dannel P. Malloy, remain skeptical about the results.

“To date we can find no corroborating evidence that the record losses in employment and increases in unemployment, indicated by the household survey, are occurring at this magnitude,” said Andy Condon, director of the Office of Research at the Connecticut Department of Labor. “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." 

Malloy issued a statement for the second month in a row about his doubt on the accuracyof the results.

“We haven’t seen an increase in the initial number of people filing for unemployment benefits — in July, average weekly filings were 4,802 and in August they were 4,779.  In fact, claims are down from this time last year.  And tax withholdings are up 3.6 percent after adjustment,” Malloy said. “Those two trends are the opposite of what you would expect to see if the state was losing jobs at the rate suggested in this report."

Tanya Carver September 24, 2012 at 02:57 PM
Will, CT business owners are already being taxed heavily. If you are a Ct business owner, you also received an extra unemployment tax this year to help pay for that extended 3 months of unemployment benefits. A question to my fellow CT business owners: have your taxes increase this year?
Will Wilkin September 25, 2012 at 12:53 PM
I agree completely but don't be surprised when Romney sigs it if he happens to be the one in the White House at the time. The reason transparency is so important is precisely because the actual terms of the treaty are so destructive of American economy and sovereignty itself, giving over judgement on our economic and environmental laws and regulations to 3 WTO lawyers to decide if they are "unfair." This is just an extension of the same principle that has been in operation since the founding of the WTO and has been part of the series of FTAs negotiated and signed by BOTH parties. Please show me any serious Republican opposition to the actual terms of the agreements, I haven't noticed it. The "free trade" regime has been Bush-Clinton-Bush-Obama....and will include Romney if he gets in. Do you deny it?
Will Wilkin September 25, 2012 at 01:12 PM
Surely you understand the unemployment picture in America would only be worse if you get more cuts. http://blogs.wsj.com/economics/2012/05/08/unemployment-rate-without-government-cuts-7-1/ EXCERPT: One reason the unemployment rate may have remained persistently high: The sharp cuts in state and local government spending in the wake of the 2008 financial crisis, and the layoffs those cuts wrought. END EXCERPT It is not "business-like" solutions we need but rather country-like solutions, that is, a real industrial policy, but that is anathema to both parties.
Will Wilkin September 25, 2012 at 01:17 PM
The solution is not to decry extended unemployment benefits but rather the trade policy that makes it necessary by causing soi much unemployment to begin with. Revive our country's manufacturing and we will again have the jobs and prosperity that require much much less unemployment insurance in the first place. Of course taxes are harder and harder to pay as American prosperity whittles away. But again, to cry for deeper cuts in public sector spending at this time will only accelerate our trends towards widening unemployment and deepening poverty. Which brings us back to the need for industrial policy. The free market ideology of non-intervention in the economy is certainly a myth when compared to how any country ever got rich. Look at where manufacturing is thriving and you'll find multifaceted govt encouragement of the private sector --yes, corporate welfare-- in terms of everything from tax breaks and free land to wage subsidies and infrastructure projects and cheap public finance and support for R&D labs and special education initiatives around those private sector industries being attracted to a country.
Will Wilkin September 25, 2012 at 01:17 PM
The USA has by comparison had such a hands-off approach or piecemeal-aimlessness, when what we really need is a deliberate strategic industrial policy to coordinate all our laws and policies around strategic national economic goals: --taxes, trade policy, regulation of environment and labor and consumer protection, public investment and infrastructure and education-- all should be coordinated to incentivize the ONshoring of those industries that will bring prosperity in the 21st century. And the challenge is to rework all these policies so they are not exclusively corporate welfare but to manage that new prosperity in a way that democratizes the opportunities and rewards produced by a national economic revitalization.

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