CABERR
The Capitol Ledger
substack
1d
Connecticut’s Job Market Continues to Weaken
New labor data released recently paints an increasingly troubling picture of Connecticut’s economy. While families continue struggling with some of the highest living costs in the nation, the state’s job market is showing signs of growing weakness.
According to the Connecticut Department of Labor’s May Labor Situation Report, Connecticut’s unemployment rate rose to 5.1 percent in May, up from 5.0 percent in April and significantly higher than the 3.8 percent unemployment rate recorded just one year ago.
Even more concerning, Connecticut’s unemployment rate now sits well above the national average of 4.3 percent, marking the fifth consecutive month that Connecticut has exceeded the national unemployment rate.
These numbers represent thousands of Connecticut residents searching for work, families facing greater financial uncertainty, and businesses confronting an economy that continues to underperform.
The reality is that Connecticut’s current position is the product of decades of Democrat policies that have made our state increasingly hostile to businesses.
Higher taxes, burdensome regulations, costly mandates, and runaway government spending have made it more difficult for employers to grow, create jobs, and keep Connecticut economically competitive…
Ш This is just one excerpt from the The Capitol Ledger.