Connecticut residents who are looking for work were no doubt disappointed to learn the unemployment rate rose slightly to 8.1 percent in June. The Department of Labor has reported the state has only recovered 48 percent of lost jobs in the recession. For the unemployed, the under whelming job growth has limited their options. As a result there's been a recent surge in workers seeking part-time and temporary jobs, hoping to break the cycle of unemployment.
As WSHU has been reporting in its "State of Disparity" series, Connecticut has one of the widest gaps between the wealthy and the poor in the country. A report out this week by researchers at Harvard and U.C. Berkeley found the chance that someone in the bottom fifth of the economic ladder in Connecticut could rise to the top fifth is about 8%. For some young low-income people, even the bottom rung of that ladder feels out of reach.
Job growth in Connecticut was essentially flat in June. That's according to the latest unemployment numbers released by the state labor department. The state's unemployment rate edged up slightly from 8 percent in May to 8.1 percent.
A survey released on Wednesday finds that for the first time in nearly four years New Yorkers are positive about the real estate market. The Siena College Research Institute survey finds New York City and Long Island residents as well as a plurality of upstaters predict an improving real estate market in the upcoming year.