Connecticut jobless rate, fact or fiction?

job centerConnecticut’s unemployment rate dropped to 4.7 percent in November, the lowest it has been in nine years, but some are not buying the numbers.  Skeptics claim the rate is falling because fewer people are looking for work in the state.  The U.S. Bureau of Labor Statistics show Connecticut added 2,100 jobs last month and that 1,679,900 Connecticut residents have jobs.

Pete Gioia, economist for the Connecticut Business & Industry Association, although calling the numbers “positive” was disappointed with the state’s job numbers in 2016.  Gioia stated that at the start of the year he and others predicted Connecticut would add between 18,000 to 20,000 jobs in 2016.  Instead, just 1,400 jobs have been added since January.

“We have significantly underperformed based on what the expectations were.  Our policy makers have to take a look at this.  This is a problem,” Gioia was quoted as saying in the Hearst publications.

Gov. Dannel P. Malloy chose to put a positive spin on the numbers.  “Provided these estimates hold, the state’s unemployment rate hasn’t been this low in nearly a decade,” he said.