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 Gov. 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."

Paul Lambert September 21, 2012 at 02:34 PM
This is terrible! However, it does give the state an opportunity to expand assistance programs to help those in need. I suggest that we increase taxes and increase the state public assistance programs. Who's with me?
Paul Chotkowski September 21, 2012 at 07:45 PM
There he goes again! Governor MAO LOY insist that the Feds are wrong, again! If public data doesn’t fit the “things are getting better so vote Democrat” narrative & you can’t suppress the bad news, whip out your page-worn copy of Rules for Radicals by your community organizing spiritual mentor Saul Alinsky & turn to rule No.5: “Ridicule is man’s most potent weapon.” Combine that with Rule No.10 “If you push a negative hard enough, it will push through and become a positive.” & voila there’s no bad news here keep moving along, no story other than the fact that the PTB can’t count! QE3 is going to inflate the currency & reduce the buying power of your savings. Its a tax that you & your representatives never voted for, one that will destroy your savings! The price of commodities & other tangible assets is going to skyrocket. It may eventually lead to a short term up tick in the stock market before an uncontrollable inflation and economic collapse occurs. Add in the risk of an economic dislocation in Europe, war in the middle east, the closing of the Strait of Hormuz, and China looking for an external enemy to distract its citizens from a no / low growth economy which it can’t fix even after building ghost cities and yes Governor, things are getting worse not better! Denial is not just a river in Egypt but no worries, you can always borrow / bond more, raid the transportation fund, raise taxes & stall GAAP implementation - after all the Goose still live!
Fred September 28, 2012 at 05:42 PM
Crickets Paul, only the crickets
Andrew Ziemba September 28, 2012 at 05:49 PM
@Paul you forgot to include (SW)


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