Connecticut has a rich history, but you may not know these fun “first” facts: the first hamburger (1895), Polaroid camera (1934), helicopter (1939) and color television (1948) were all invented in Connecticut as was the first telephone book ever issued, which contained only fifty names. Connecticut is also home to the oldest U.S. newspaper still being published. In 1901, the first automobile law was enacted – a 12mph speed limit law was passed. In 1937, Connecticut became the first state to issue permanent license plates for cars.
Now, let’s focus on the state’s unemployment facts.
The June 2016 unemployment rate for Connecticut was estimated at 5.8%, up one-tenth of a percentage point from May 2016 (5.7%). This rate is three-tenths of a percentage point higher than a year ago (5.5%). While this is higher that the U.S. unemployment rate of 4.9% for June 2016, Connecticut has now recovered 83% of the total nonfarm jobs that were lost in the state during the March 2008 – February 2010 Great Recession. The state needs to reach 19,900 more nonfarm jobs to enter into an employment expansion.
Connecticut’s Private Sector has regained employment at a faster pace, recouping 95% of the private sector positions that were lost during that same employment recession. The Government super sector has lost another 7,000 positions since the employment recovery began in February 2010 in addition to the 7,400 jobs the sector lost in the recession itself (Native American employment on reservations, including casinos, are calculated in local government in Connecticut), slowing the jobs recovery.
The taxable wage base in Connecticut is $15,000, lower than the national average of $17,700. The maximum Weekly Benefit Amount (WBA) allowed in Connecticut at this time is $598 with a maximum duration of 26 weeks of payments for a maximum total benefit amount of $15,548.
US. Bureau of Labor Statistics, Unemployment Rate in Connecticut [CTUR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CTUR, July 22, 2016.