The unemployment rate slipped to 7.6%, according to a Labor Department report released Friday. But it’s not good news: It’s because nearly 500,000 people dropped out of the labor market. CNNMoney has the full report here…….
Tag: jobs
Connecticut Job Numbers Fall By 5,700 In February
The number of jobs in Connecticut fell by 5,700 in February, according to the monthly jobs report released Thursday, although the state’s job level is still in positive territory for the year. Ed Deak, an economist who does forecasts of the Connecticut economy for the New England Economic Partnership, said the big swings in monthly data suggest it’s not reliable. But he said the big picture is clear: Connecticut is not adding jobs as quickly as the nation. “We seem to be slogging along somewhere at 40 to 60 percent of the recovery of the U.S.,” he said. The Hartford Courant has the full story here…….