Business & Tech

Ridgefield Unemployment Well Below CT Average

Ridgefield's unemployment rate has moved around this year but remains well below the state average.

Despite the addition of 7,400 new jobs in April and May of this year Connecticut’s unemployment rate remained unchanged at 8 percent, according to data released this week by the Department of Labor.

Though the rate has remained unchanged for the past four months, labor officials said the jobs picture in Connecticut is looking up.

“With the exception of a storm [that] impacted February, Connecticut has been experiencing consistent job growth so far this year,” said Andy Condon, Director of the Office of Research for the state’s labor department. “The upward turn in labor force participation, after 35 straight months of decline, may indicate increased confidence in labor market conditions. However, there are still headwinds ahead. Federal budget sequester cuts could hinder employment growth possibilities throughout the rest of 2013.”

Find out what's happening in Ridgefieldfor free with the latest updates from Patch.

In Ridgefield , the unemployment rate for the town’s labor force of approximately 11,906 is well below the state average, hovering between 5-5.7 percent. At the beginning of the year the town’s unemployment rate was 5.4 percent but dropped to 5 percent by April. It crept up to 5.7 percent in February and again in May, according to data released recently by the labor department.

Since the Great Recession ended, Connecticut has recovered 58,600 jobs, or 48.3 percent of the 121,200 seasonally adjusted jobs that were lost between March of 2008 to February of 2010, labor officials reported.

Find out what's happening in Ridgefieldfor free with the latest updates from Patch.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.