HARTFORD, Conn. (CBSNewYork/AP) – The state Department of Labor said Thursday the unemployment rate fell to 8.6 percent in December, down from 8.9 percent in November. Typically, that’s a good sign, but labor economists say the drop is due to a declining labor force.
A persistent problem is that Connecticut’s demographics are changing as workers drop out of the labor force, retiring prematurely or giving up job-hunting in frustration, said Andy Condon, the labor agency’s research director.
The labor agency reported that 1,800 private sector jobs were lost for the sixth straight month in December.
“The state’s trend of a declining labor force continues for the sixth month in a row and was the primary factor behind the declining unemployment rate in December,” Condon said.