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Unemployment Continues to Drop & CT Adds Jobs In November

by Christine Stuart | Dec 19, 2013 2:12pm
(17) Comments | Commenting has expired
Posted to: Business, Jobs, Labor

Courtesy of the CT DOL

Connecticut’s private sector added 4,200 jobs in November and the unemployment rate continued its third straight month of decline to 7.6 percent.

There are now 15,173 fewer unemployed Connecticut residents than a year ago, officials at the Connecticut Department of Labor said Thursday.

“November’s strong job growth offset some declines in the third quarter returning us to the positive, though modest growth path we have seen throughout 2013,” Andy Condon, director of the Labor Department’s Office of Research, said. “A third straight month of unemployment rate declines is certainly good news, though these declines are still occurring on a shrinking labor force.”

Connecticut added 15,600 jobs this year. That’s more than twice the 7,700 jobs it added during the first eleven months of 2012. In the first eleven months of 2011 the state added about 11,600 jobs and in 2010, the first year of employment recovery, it added 9,400 jobs.

“While a decrease in the unemployment rate and the addition of more than 4,000 private sector jobs in a month is clearly a step in the right direction, we still have much work to do,” Gov. Dannel P. Malloy said Thursday in a press release.

“We are making steady progress at growing our economy in a way that will create good-paying jobs with good benefits for middle class families,” Malloy said. “But if you haven’t been able to get one of these jobs, then you’re not feeling the impact of these changes.”

November’s job gains were not broad based across industries, labor officials said. Four industry supersectors posted gains, five exhibited declines, and one was unchanged.

The trade, transportation, and utility supersector saw the most growth with the addition of 4,700 jobs. The financial services sector had a rare gain of 1,000 jobs this month, but the leisure and hospitality supersector lost 1,700 jobs and manufacturers lost 1,200.

Government shed about 200 jobs and the private sector grew by 4,200 jobs in November, bringing the total job gain for the month to about 4,000 jobs.

That means Connecticut has now recovered about 63,500 positions, or 52.4 percent, of the 121,200 seasonally adjusted non-farm jobs that were lost in the state from March 2008 through February 2010 when the employment recovery began.

“Connecticut’s jobs recovery is now 45 months old and is averaging approximately 1,411 jobs per month since February 2010,” Labor Department officials said in a press release. “The private sector has recovered somewhat faster and has now recouped 71,600 (62.8 percent, 1,591 per month) of the 114,000 private jobs that were lost during the same period.”

The state needs to add 57,700 jobs if it wants to reach what would be considered employment expansion levels.

Labor Department officials said initial unemployment claims for first-time Connecticut filers were down about 127 claims to 4,674.

However, since Congress failed to take action to extend the federal emergency unemployment benefits more than 20,000 Connecticut residents who have already exhausted their 26 weeks of unemployment will fall off the rolls on Dec. 28.

The Emergency Unemployment Compensation program passed in 2008 is set to expire at the end of December. When that happens, about 1.3 million people around the country will lose benefits, according to a report by the White House and the U.S. Labor Department.

According to information released by U.S. Rep. John Larson’s office, nearly 24,000 Connecticut residents will lose their unemployment benefits on Dec. 28.

“It was wrong for the House to be sent home before the expiration of this important benefit was addressed and crucial that we do whatever we can to help those who have lost their jobs, many through no fault of their own, recover,” Larson said. “I am prepared to work with both sides of the aisle towards a retroactive solution as soon as Congress returns.”

The highest number of people expected to lose their benefits are located in Hartford and New Haven County. According to Larson, 6,534 residents in Hartford County and 6,950 in New Haven County will lose their benefits three days after Christmas.

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(17) Comments

posted by: Jr65 | December 19, 2013  2:55pm

I tried to find a different way to contact you besides publicly, like this, but to no avail.  You may wish to change your headline as you are fast becoming the only newsie today with a headline about falling unemployment.  Have you seen these?

“Home sales tumble, jobless claims at near nine-month high”

posted by: JAM | December 19, 2013  6:31pm

Larson should look at thr right side. These people will drop out the work force,  the Unemployment Rate will decrease, and Malloy will take credit.

posted by: Christine Stuart | December 19, 2013  6:42pm

Christine Stuart

Thanks JR65 for the heads up. But my story is based on numbers released today by the Connecticut Department of Labor. The unemployment rate has dropped from 8.1 to 8 to 7.6 in CT from Sept. to Nov. If you have other information I’d be happy to take a look. You can always reach me at ctnewsjunkie@gmail.com

posted by: Joebigjoe | December 19, 2013  7:06pm

People who gave up looking because they’re fed up should be included in these numbers and the federal level reporting too.

The reality is that in CT more than 1 in 10 adults over 18 who would like to find full time employment can’t.

posted by: Not that Michael Brown | December 19, 2013  7:17pm

I reference this article from earlier in the week: “CT Lost a Year of Job Growth Thanks to Washington”

Thanks Tea Party Republicans.

posted by: Not that Michael Brown | December 19, 2013  8:13pm

@JR65
“Connecticut unemployment rate down for 3rd consecutive month” - New Haven Register
“Conn. jobless rate drops for third month in row” - CT Post and Danbury News-Times

Nothing yet in the Hartford Courant and Waterbury Republican

posted by: Not that Michael Brown | December 19, 2013  8:22pm

@JR65
Also
“CT unemployment rate drops to 7.6%” - CT Mirror

posted by: Lawrence | December 19, 2013  8:59pm

Jr5 is talking about a NATIONAL Reuters/CBS News story which notes that home sales NATIONALLY have dropped and that NATIONAL unemployment claims were up 10,000 last month.

Either he is very confused about the purpose of CTNewsJunkie (CT-based political news site) or he is a right-wing troll trying to bait innocent visitors to your site to visit him under his bridge of constant despair and bad news that is the far-right’s hovel in America.

These are CONNECTICUT statistics, Jr65. And HARTFORD AREA home sales are up 11.2 % over last year for the first 11 months of 2013. Sorry for the glowing news.

I’m still waiting for some Tea Party member to chime in and say these stats are meaningless because they were compiled by the STATE Labor Department. Get it? STATE LABOR???

C’mon, Tea Party! What is it, “must see TV” night?? Get crackin’!!!

posted by: justsayin | December 19, 2013  9:46pm

As the participation rate falls these small gains play a larger roll in the unemployment number we all see. All gains are good, but the news is not as good as the headlines leads you to believe. The loss of 1,200 mfg jobs will lead to 3 to 4 times that in the coming months.

posted by: Noteworthy | December 19, 2013  10:24pm

The official unemployment rate does not take into account the worker participation rate - the rate at which all eligible workers are employed or still looking for work. That rate has eroded. So while Malloy et al can take cold comfort in the improving “official” CT rate - if the state DOL really wanted to tell the full story, it would enlighten us on the rest of the story. For background, see this post from August this year.

posted by: gutbomb86 | December 19, 2013  11:23pm

gutbomb86

... under his bridge of constant despair and bad news that is the far-right’s hovel in America.

Well put, Lawrence.

These numbers are encouraging. I’m hopeful they’ll continue to improve. Drastic changes in one direction or another on policies can exacerbate problems - so I would suggest it’s good that we’re taking small steps. There’s a governor who has real focus in the ct capitol and it shows. I don’t agree with everything, but I can see progress.

Also, it occurs that even if the tea party wasn’t obstructionist in D.C. there would have been some uncertainty because of the ACA’s rollout. They certainly made it much worse than it should have been and the tide is still out in the states where they are waiting on the federal exchanges.

But even in the face of additional uncertainty created by such a loud opposition from a vocal minority, the state is continuing to add jobs. It’s good news. Slice it anyway way you want - it’s good news. Saying otherwise is just… partisan strategery.

posted by: Connfusion | December 20, 2013  2:02am

Let’s review: Tea party members are right wing trolls, obstructionists, and responsible for the poor rollout of Barrycare. What wonderfully smart dolts to accomplish so much. It’s lovely to live inside the heads of so many rent free.

posted by: dano860 | December 20, 2013  9:29am

Connfusion, that’s not quite accurate.
Larry & GB86 believe that the mental midgets, right wing trolls are obstructionists and are responsible for the 20 thousand lost jobs. The ones we never saw or had to lose. We would be at a 5% unemployment, in their minds, if it just wasn’t for the da*n Republicans and the off shoot non party tea party supporters.
I’m beginning to believe them. I mean look at Connecticut, we have been a Democrat controlled State for years and we are doing just fine, going down hill but just fine. Who can argue with that. It’s time to just roll over and give them all of the taxing authority they require. They need to drain the piggy bank, us and the employers just a little bit more.
Things can’t get much worse. When we are at the bottom of the barrel, and we are close, we can feel secure.
If you want you can throw more derogatory adjectives at them rotten Republicans. They deserve it.

posted by: joemanc | December 20, 2013  9:29am

My commute on Route 8 is better now than it was when I first started doing it 13 years ago. It’s a different indicator of the job market, but a good one nonetheless. We’re still in a world of hurt in this state. Where I do notice traffic is bad, and I hear it from my friends and co-workers all the time is on I-95 in SW CT. I’m guessing many of the jobs have been created there during the recovery. And what industries are down there? Financial services and hedge funds. Isn’t that what got us in to the current(IMO it never ended) financial crisis in the first place?

posted by: jim black | December 23, 2013  10:09am

More smoke and mirrors being trucked in eh Dannel. More people on disability and welfare. Isn’t that the Obama playbook????

posted by: Joebigjoe | December 23, 2013  11:41am

First of all Merry Christmas and Happy Holidays to all….and that includes you GutBomb.

Now having said that did you hear the news that came out today about the state unemployment rate? Maybe Christine is writing about it now.

The drop was due to number of people that have stopped looking. The real unemployment rate in CT if you take the same number of people that were in the workforce in 2010 is over 10%.

Hmmm….hmmmm

posted by: robn | December 23, 2013  1:09pm

When Brandeis spoke about sunlight being the best disinfectant, he didn’t mean that newspapers should be a tanning machine for their readers.
We’re doing better than before but by no means are we doing well. Unemployment state by state is shown very clearly in this Wkipedia graph and we’re lagging pitifully behind much of the country. Also, as NOTEWORTHY noted, we should be looking at the U5 and U6 rates which consider all of the unemployed and underemployed, not the U3 rates which ignore people who’ve given up.

http://en.wikipedia.org/wiki/File:Map_of_U.S._states_by_unemployment_rate.png