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Employment / Labor Law

Connecticut Jobs Forecast, Jobless Report Differ

Even as University of Connecticut economists are predicting that the state will lose 24,000 jobs over the next two years, the labor department reported Thursday that the state's unemployment rate fell sharply ...

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Angry Voter
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#1
May 16, 2008
 
Hours are being cut back and full time employees are now part time employees. It's only a matter of time where the tax burden from property, gasoline, sales tax on inflated prices, and state income taxes hit our payroll numbers. The Supermajority Democrats squandered the quarter billion dollar surplus on pet programs. The mistakes made with contractors at UConn, I-84, The CRRA Enron scandal, and CJTS in Middletown is showing it's adverse impact on our state budget. We can't afford to throw taxpayer money down the drain anymore. It's time for a change.
Dan
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#2
May 16, 2008
 
How many people just fell off the radar screen?? How many just got fed up with the HIGH TAXES and moved out or had to move out because they could no longer afford to live here?? You people love to play with numbers but very rarely get the facts right or tell the real truth.
Konnecticut_Bett er_Yet
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#3
May 16, 2008
 
Dan wrote:
How many people just fell off the radar screen?? How many just got fed up with the HIGH TAXES and moved out or had to move out because they could no longer afford to live here?? You people love to play with numbers but very rarely get the facts right or tell the real truth.
Good points.

Whatever they do to tweak or manipulate numbers, the fact remains CT is dead last in job creation and first in the nation when it comes to taxation (It's not California. All the little nickel and dime "fees" are essentially taxes).

Looking at unemployment numbers is always a poor indicator. Some people simply ran out of benefits, so they can no longer collect, or, people take menial jobs not related to their professions, because they can earn more than they're getting with unemployment. A white collar professional who takes two part time jobs is counted as creation of two more jobs, but that too is misleading.

The picture looks even more bleak when you consider that the state itself is the biggest employer in CT. Pratt is CT's biggest pvt. employer.

Get out while you can. Things don't get better in CT, only worse.

Oh, and if you do stay, be sure too keep voting in those state Democrats and phony state Republicans. Let them finish the state off.
Peter
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#4
May 16, 2008
 
I think John Tirinzonie, economist at the state Labor Department is full of it. He echoes the same rosy prognostications as the shills on Wall Street. The housing price decline is just starting in Connecticut.

Perhaps Mr. Tirinzonie who has a stable state job, should look at many CT citizens who are under employed, unemployed and have no health care- in the months to come Mr. Tirinzonie will be easily proven wrong.

From Paul Kasriel and Asha Bangalore at Northern Trust: In the Eye of the Economic Hurricane

There seems to be sentiment developing that the U.S. has weathered the worst of the current cyclical economic storm and blue skies are ahead. We disagree. Any blue skies you see are likely to be short lived. The economy is in the relative calm of the eye of the business-cycle hurricane. The mortgage credit problems are not over. And credit problems in other sectors are just beginning as the housing recession spreads to the rest of the economy.
mike nh
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#5
May 16, 2008
 
Glad I left 6 years ago. State/municipal employees, arrogant public officials, corruption, and apathetic taxpayers have ruined a once great state. You get the government you deserve.
clear glasses
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#6
May 16, 2008
 
The Department of Labor can spin the numbers any which way the want. The fact remains that CT has not added a single net private industry job since 2000 and given the fact we are the most taxed burden citizens in the country, do expect that we will not break this drought anytime in the forseeable future.
I wonder
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#7
May 16, 2008
 
When it is said people are discouraged and the jobless claims are not as high because of that, I believe, that is incorrect. I think people stop filing claims after their 6 months because there are no benefit checks left to receive.

I would love to see the numbers when everyone really looking for a job, regardless of if they are still eligible for unemployment benefits, still files a claim. It would show who is really looking for work and what the true unemployment rate is.

I know people out of work longer that their benefits lasted, but THEY have not given up and they should be reflected in the real analysis. They are still unemployed, but they are looking for work.
FUDD
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#8
May 16, 2008
 
this report is a joke..........spare me
Fools You Are
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#9
May 16, 2008
 
We can not even keep dead people off voting roles so do you actually think we can get this correct?

"CT has not added a single net private industry job since 2000 and given the fact we are the most taxed burden citizens in the country"

Last night some Dem claim that a study showed that corrupt politicions were worse for the Biz climate then high taxes. Again another study to get their point. What an idiot.
FUDD
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#10
May 16, 2008
 
mike nh wrote:
Glad I left 6 years ago. State/municipal employees, arrogant public officials, corruption, and apathetic taxpayers have ruined a once great state. You get the government you deserve.
mike.......i envy you...you were smart to leave when you could, i am stuck here at the moment and its not a pretty picture
FUDD
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#11
May 16, 2008
 
Konnecticut_Better_Yet wrote:
<quoted text>
Good points.
Whatever they do to tweak or manipulate numbers, the fact remains CT is dead last in job creation and first in the nation when it comes to taxation (It's not California. All the little nickel and dime "fees" are essentially taxes).
Looking at unemployment numbers is always a poor indicator. Some people simply ran out of benefits, so they can no longer collect, or, people take menial jobs not related to their professions, because they can earn more than they're getting with unemployment. A white collar professional who takes two part time jobs is counted as creation of two more jobs, but that too is misleading.
The picture looks even more bleak when you consider that the state itself is the biggest employer in CT. Pratt is CT's biggest pvt. employer.
Get out while you can. Things don't get better in CT, only worse.
Oh, and if you do stay, be sure too keep voting in those state Democrats and phony state Republicans. Let them finish the state off.
your exactly right....leave while you still can....ESCAPE FROM CONNECTICUT WHILE YOU CAN !
bob
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#12
May 16, 2008
 
"Whatever they do to tweak or manipulate numbers, the fact remains CT is dead last in job creation and first in the nation when it comes to taxation "

Bingo. I left 10.5 years ago, and it was the BEST decision I have ever made. make 250% of my highest Ct income, 0% State Income Tax, Property Tax on a home looks like property tax on a Car in Ct, and job growth in region is superb, as I am now in the city named #1 by the leading Corporate Relocation mag.

CTs' economic picture is not going to turn around. the days when a state could be amongst the least business-frindly, most costly to do business, and do well, have long since passed.

This report shows a huge chunk either gave up or fled the state. In the 90s, 250k of us did just that, in the last full year availabl, 2006, 16k left Ct for OTHER states.

Corps have largely done the same.

The problem is beyond fixing.
FUDD
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#13
May 16, 2008
 
bob wrote:
"Whatever they do to tweak or manipulate numbers, the fact remains CT is dead last in job creation and first in the nation when it comes to taxation "
Bingo. I left 10.5 years ago, and it was the BEST decision I have ever made. make 250% of my highest Ct income, 0% State Income Tax, Property Tax on a home looks like property tax on a Car in Ct, and job growth in region is superb, as I am now in the city named #1 by the leading Corporate Relocation mag.
CTs' economic picture is not going to turn around. the days when a state could be amongst the least business-frindly, most costly to do business, and do well, have long since passed.
This report shows a huge chunk either gave up or fled the state. In the 90s, 250k of us did just that, in the last full year availabl, 2006, 16k left Ct for OTHER states.
Corps have largely done the same.
The problem is beyond fixing.
true..........very true
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