Community Corner

Stamford Jobs Picture Beats State Average

Despite the addition of 7,400 new jobs in April and May of this year Connecticut’s unemployment rate remained unchanged at 8 percent, according to data released last week by the Department of Labor.

Though the rate has remained unchanged for the past four months, labor officials said the jobs picture in Connecticut is looking up.

“With the exception of a storm [that] impacted February, Connecticut has been experiencing consistent job growth so far this year,” said Andy Condon, Director of the Office of Research for the state’s labor department. “The upward turn in labor force participation, after 35 straight months of decline, may indicate increased confidence in labor market conditions. However, there are still headwinds ahead. Federal budget sequester cuts could hinder employment growth possibilities throughout the rest of 2013.”

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In Stamford, the unemployment rate of the town’s labor force of approximately 68,000 was 6.6% for the month of May 2013, which is below the state average of 8.1%.

Since the Great Recession ended, Connecticut has recovered 58,600 jobs, or 48.3 percent of the 121,200 seasonally adjusted jobs that were lost between March of 2008 to February of 2010, labor officials reported in a release issued this week.  

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