• Connecticut Labor Situation – September 2012

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Connecticut’s seasonally adjusted unemployment rate was estimated at 8.9% for September 2012. This is down one-tenth of a percentage point from August 2012, but three-tenths of a percentage point higher than September 2011 (8.6%). Connecticut’s September 2012 total non-agricultural employment estimate, seasonally adjusted, grew 2,000 payroll jobs or 0.1% to 1,626,100. “An increase in jobs and a drop in the number of unemployed were positives for this month,” said Andy Condon, Director of the Office of Research at the Connecticut Department of Labor. “Unlike the last two months, changes in the employment and unemployment estimates have returned to more typical levels. ”Because of the unprecedented employment changes reported in July and August, it may take several months for our unemployment rate to return to its prior trend path. In addition, it is likely that we will see sizable upward revisions to nonfarm jobs this year when we go through our annual benchmarking process early in 2013. These revisions may add 9,000 to 10,000 jobs to our 2012 nonfarm employment counts.” Source: CTDOL

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