• CTDOL’s Take on August Employment/Unemployment Data

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”Preliminary monthly employment statistics…indicate at least a significant slowing of job growth in Connecticut’s labor market. ”’Both monthly labor statistics programs point toward employment losses in Connecticut,’ said Andy Condon, Director of the Office of Research at the Connecticut Department of Labor. ‘However, 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. ”’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. ”’We continue to monitor the situation carefully and are working closely with the Bureau of Labor Statistics (BLS) to investigate every possibility.’” Source: CTDOL

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