With Phase 1 of Gov. Ned Lamont’s reopening plan underway, business owners across the state have their eyes set on the next phase of reopening, which Lamont just scheduled for three days earlier than expected, June 17. Phase 2 will allow hotels, gyms, spas, outdoor amusement parks, movie theaters to ...
Jobs Market Dead in the Water
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”.
**Meghan Portfolio contributed to this article** Amanda Roos never got to open her brand-new Painted Goddess Salon in Monroe. Her new beauty and hairdressing business was ready to open its doors on March 20, the same day Gov. Ned Lamont announced a shutdown of non-essential businesses, including hair and nail ...