Economists see little cheer in falling joblessness - WFSB 3 Connecticut

Economists see little cheer in falling joblessness


Economists at the University of Connecticut see little to cheer in the state's falling unemployment rate, saying it's not due to job creation, but because workers are quitting the labor force.

The Connecticut Center for Economic Analysis says in its forecast released Monday that lower unemployment is misleading and is a "smoke screen."

Connecticut's unemployment rate fell to 7.6 percent in November. The state Labor Department said Thursday it's the third straight monthly decline with 4,200 private sector jobs added.

UConn's Connecticut Economic Outlook says that if participation in the labor force were at the level of mid-2010, the unemployment rate would be 10.7 percent.

The report says that while Connecticut's sluggish recovery has not only failed to restore jobs lost since 2007, but that the state's weak economy may be driving many workers away.

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