Search
Back

Jobs Market Dead in the Water

Civilian Employment-Population Radio Courtesy AEI

The top line numbers from the jobs report last Friday were heartening: The unemployment rate fell to 7.3% nationally as hiring increased significantly compared to the July 2013 numbers. A closer look at the data, however, revealed the truth as noted by the American Enterprise Institute’s James Pethokoukis:

How do you know the August jobs report was pretty bad? When the best thing you can say is that it might have met Wall Street expectations if not for a temporary shutdown in the porn industry last month.

The report showed that more Americans dropped out of the labor force altogether, with the lowest number of Americans participating in the labor force since August 1978.

The news is particularly troubling for Connecticut residents because the state’s unemployment rates have lagged the national average for much of the “recovery”.

Ten Connecticut Towns Stand Out for Business Friendliness in New Study

Connecticut is often ranked low in terms of its business environment, but according to a new study from Yankee Institute, some towns manage to stand out from the rest.

Read More

Connecticut has Lowest Personal Income Growth Since 2007, According to Pew

Connecticut remained dead last in the nation for personal income growth since 2007 in the latest analysis by Pew Charitable Trusts.

Read More

Yankee Staff

Free Market Think Tank

Leave a Reply

Your email address will not be published. Required fields are marked *

SIGN UP TO RECEIVE OUR NEWSLETTER