Gov. Malloy sees mixed message in latest jobs report

Graph of non-farm jobs from 1982 to October 2012. Source: CT Department of Labor

Gov. Dannel P. Malloy sees a mixed message – but overall, a positive one – in the latest employment report from the Connecticut Department of Labor, which looks at statistics for October 2012,

“Though not as severe this month as in previous months, the household and business surveys are once again pointing in opposite directions,” Gov. Malloy says in a press release issued today (Nov. 19).

“On the one hand, we created 1,200 jobs this month.  But on the other, our overall unemployment rate increased slightly. If these conflicting results tell any single story, it’s that more people are attempting to enter the workforce because conditions are beginning to improve.”

There’s a long way to go until the economy is back on its feet, he says.

“We are battling strong headwinds, both at the national level and in Europe.  The more we learn about the Great Recession, the more we realize how long it’s going to take to get us out of it,” Gov. Malloy says.

Pointing to some positive developments he says, “The steps we’ve taken over the last 22 months have made Connecticut more competitive.  We’ve had two Fortune 500 companies establish their corporate headquarters here, and we’re working to bring more. We’re investing precious taxpayer dollars in growth industries like bioscience and digital media… and we are constantly looking for ways to lower costs and improve residents’ quality of life, as we are with the Comprehensive Energy Plan.”

The longterm goal is sustainability, he says – “An economy that is built to last is the goal of my administration, the beacon that guides all of our decisions, and I’m working every day to make that goal a reality.”

Click on this link for a detailed report on Connecticut’s job market in October 2012 http://www1.ctdol.state.ct.us/lmi/laborsit.asp

You can keep up to date with Gov. Malloy’s activities on Facebook at Office of Governor Dannel P. Malloy and on Twitter at @GovMalloyOffice.

Posted November 19, 2012

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