This morning there was some good news, the news was that the Nations unemployment figures were less than expected with 247,000 jobs cut. The unemployment rate also slipped nationally to 9.4%. While these numbers in no way indicate that our nation is out of the Recession they are none the less encouraging.Milford, on the other hand, should be proud that our local employment opportunities have not been as dire as the rest of America. According to the Connecticut Department of Labor Milford as of June 2009, had an unemployment rate of 7.5% compared to 9.5% nationally for that same period.
Milford's total labor force is 33,147 with 30,668 people employed.
For entertainment purposes only I added the CERC data into this equation of which lists Milford's total 2007 population at 53,874. deduct everyone under the age of 18 (11,546) and the new labor force figure 42,328.
This adjusted labor force figure assumes an even exchange of working 16 & 17 year olds in lieu of those living in town working past the age of 70. It is also fair to assume, that elderly losses in pension and retirement accounts have caused more of them to work into their "Golden Years."
By no means am I an expert but by my calculation, and by combining the CERC statistics with the CDL statistics true un-employment in Milford is more like %16. But in all fairness this figure does not encompass those individuals who are undocumented, are part of a cash economy and do not report income to Uncle Sam.
In all cases, unemployment is a terrible thing especially when many people who relied on a single "breadwinner" no longer has that to rely on. Thankfully, even with the adjusted figure our town is doing dramatically well when compared to the nation.
The best town in CT is Colebrook with 3.5% Unemployment and Hartford the worst impacted City with 14% unemployment. Full report available at www.ctdol.state.ct.us/lmi
FOR MORE INFORMATION ON EMPLOYMENT IN CT CLICK HERE
No comments:
Post a Comment