Connecticut Job Loss Up To 8.3 Percent
Connecticut jobs continue to diminish, as unemployment claims for the two-week period ending November 29 averaged 58,258, up 4,478 or 8.3 percent from the previous period, State Labor Commissioner Patricia H. Mayfield has reported.
Compared with the same period a year ago – when the number of claims statewide totaled 39,392 – unemployment claims are up by 18,866. This is a 47.9 percent increase.
Regular state initial (first-time) filings increased to 5,882 from the prior two-week level of 4,880. Continued claims increased to 52,376 from 48,900. Included in these figures were 2,012 temporary filings. Regular benefits expired for 967 claimants.
Under the federal Emergency Unemployment Compensation Act of 2008, initial filings decreased to 844 from the prior two-week level of 895. Continued claims decreased to 10,376 from 10,532.
The insured unemployment rate, defined as continued claims filed during the most recent 13-week period under state regular program, was 2.8 percent. That is the same as two week ago and up from 2.0 percent one year ago.
Claims activity was up in all of the fourteen Connecticut Department of Labor offices throughout the state.
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January 21st, 2009 at 6:12 am
Everyone is expecting recession getting over soon. I have a very close friend, who graduated from Harvard. Worked for ML for over 8 years, recently he’s been “right sized” too, despite of his outstanding performance and the increasing revenue he generated. OMG, now the banking industry is badly hurt, how long it would take for those financial background guys like him get back to the job market. Banking jobs are not there as much as before as easily seen on http://www.joboutlets.com and other job sites in the region