Figures Show Largest-Ever Monthly Unemployment Jump In State — to 9%; Governor “Skeptical,” Labor Dept. Cautious In Assessing Number
New figures show Connecticut’s unemployment rate increased half a percentage in August, to 9.0%. That is the single largest percentage point monthly increase in 36 years.
Republicans will continue to talk down the economy for the next two months specifically because they want the economy, and the country, to suffer in order to win an election.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
Commonly referred to as “what goes around, comes around’, the Republicans are finding plenty to take shots at as the Democrats conduct their week in the ‘often dubious’ political spotlight called “the Convention”.
Mitt Romney’s economic plan basically says if you make $22.50 an hour with benefits, you make too much money; and if you make $22.5 million, then you pay too much in taxes.
Of all the signs leading to a defeat for President Barack Obama in the presidential election of 2012, the most glaring sign is the 8.2% unemployment rate.
Unionized plumbers, carpenters and other workers at Foxwoods Resort Casino say they have been told that layoffs are coming.
The state Labor Department says the unemployment rate in April remained stuck at 7.7 percent.
Senate President Donald Williams Jr. says he’s confident that a failed bipartisan job creation bill can be resurrected when Connecticut’s General Assembly reconvenes for a special session to finish some budget-related bills.
Republican Senate hopeful Linda McMahon is proposing tax cuts for the middle class and businesses among other economic proposals she says will jump-start the economy.