State Unemployment Rate Declines to 8 Percent

Private sector added 16,300 jobs in past year.

The state’s unemployment rate has dropped to 8 percent, the lowest level since April 2009.

“Today’s report is encouraging – another sign that we are beginning to see a recovery when it comes to job creation,” Gov. Dannel Malloy said in a statement released on Monday. “We continue to outpace the national average, which is a testament to the hard decisions we made last year to stabilize our state’s finances and focus on job creation.

The unemployment rate in January 2011 was 9.3 percent. In December 2011, it was 8.1 percent. This is the sixth consecutive month that the rate has fallen.

“The region’s mild winter appears to be helping job growth in Connecticut across many industries, including construction, manufacturing, and trade,” Andy Condon, Directo “Unemployment
continues to decline, though unlike in recent months, our labor force also shrank slightly. Although we still have fewer people in Connecticut’s labor force than we did a year ago, we appear to be on a trend to close that gap.” r of the Office of Research, said in a statement.

Since January 2011, 16,300 private sector jobs have been added in Connecticut, with 7,700 having been added in January 2012.

“But let’s be clear, we still have much work to do,” Malloy said. “Our successes last year have provided a road map and we must remain vigilant to make sure we arrive at our ultimate destination – an economic revival that benefits all of our residents.”
 

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