Discussion Board

unemployment (7)

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While every town and country throughout the United States was hit hard by the 2008 recession, some areas were able to bounce back much faster than others. By March 2011, the entirety of New England was finally able to drop below that 8.0% unemployment, but left New Haven and the rest of Connecticut behind. Not until March and July 2013 did Connecticut and…

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August Jobs Report is No Indicator of Rate Hike

 

 

Large stock selloffs indicate anticipation by investors that the Federal Reserve will start raising interest rates later this month. Data from the Bureau of Labor Statistics show that the US economy added 173,000 jobs last month. This came in below expectations, although August is a month that historically comes in with lower than expected numbers. The unemployment rate dropped to 5.1%, its lowest since 2008.

These unemployment numbers may seem like good…

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persistence and the land of steady habits

So the unemployment rate in Connecticut (5.4 percent) is finally thinking about beginning to think about thinking of catching up to the national average (5.3 percent); here is the department of labor report. Predictably, Harford is throwing a party; here’s Senate President Martin Looney and Senate Majority leader Bob Duff, quoted in the…

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Many economists have studied the reasons why people find difficulty obtaining jobs.  This mainly deals with where somebody lives and the location of available jobs.  Some employers discriminate against certain applicants if they come from a "bad area."   Those searching for jobs tend to feel less hopeful when applying for jobs that are far from their residences. …

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