Last week, the state Department of Labor’s monthly “Labor Situation” report for March 2012 showed that the state’s unemployment rate decreased for the eighth consecutive month to 7.7 percent – the lowest unemployment rate in three years and half of a percentage point below the national average, according to a press release from the governor's office.
“While I’m certainly pleased that our unemployment rate continues to decline, we still have a long way to go in this growing recovery," Gov. Dannel P. Malloy said in the statement. "The fact remains that if you don’t have a job, the unemployment rate is basically 100 percent.
“State government is working to help improve this situation. From the Small Business Express Program to the innovative incentives designed to spur new hiring, the policies we’ve enacted are beginning to pay dividends. But we have a lot more work to do,” Malloy said.
Here is a month-by-month unemployment rate:Month/Year Unemployment rate January 2011 9.3% February 2011 9.2% March 2011 9.1% April 2011 9.0% May 2011 8.9% June 2011 8.9% July 2011 8.9% August 2011 8.8% Sept. 2011 8.6% October 2011 8.5% Nov. 2011 8.3% Dec. 2011 8.1% January 2012 8.0% February 2012 7.8% March 2012 7.7%
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