State job loss for July six times the recent monthly average
Connecticut suffered an economic jolt when the state labor department revealed the loss of more than 12,000 jobs in July. The job losses brought the state unemployment rate to 5.2 percent. Economists attribute at least part of the lag to the recent state budget problems in Hartford.During the current economic downturn, Connecticut has been losing an average of about 2,000 jobs a month. The July numbers, six times that monthly average, came as a serious setback to economists who have been tracking the numbers.Dr. Edward Deak of Fairfield University puts Connecticut's job recovery back past the beginning of next year. He says tax increases and layoffs of state and local workers will contribute to Connecticut's struggles as it tries to recover.