Friday, November 20, 2009

CT Unemployment Jumps to 8.8%

The Courant reported today that the CT State Department of Labor reported CT's October unemployment numbers up 8.8% from September's number of 8.4%. (more here)

Septembers job loss total was 6,200, and for the 12 months ending in October, the state has lost 71,100 jobs.

Things may not improve anytime soon. Aetna said yesterday it is now eliminating 160 Connecticut jobs and will lay off more by March.

Nationally, the unemployment rate was 10.2 percent in October. Of the 15.7 million Americans who are currently jobless, nearly 36 percent, or 5.6 million, have been unemployed for six months or more.

With an unemployment rate of 8.8 percent, Connecticut now has the dubious distinction of being classified by the federal government among the "high unemployment states."

That makes the state's jobless workers eligible to receive up to 93 weeks of unemployment benefits, under an extension approved by Congress earlier this month.

If the jobless rate averages 8.5 percent over three months, the extension provides an additional six weeks of benefits for a total of 99 weeks -- the current three-month average is about 8.4 percent, said Salvatore DiPillo, the state's labor statistics supervisor.

Where exactly are those green shoots we have heard so much about?