Wednesday, March 11, 2009

EASTERN CONNECTICUT UNEMPLOYMENT

The Connecticut Department of Labor released figures on the unemployment rate in eastern Connecticut for January 2009.

The Norwich and New London area had an unemployment rate for January of about 8.2%. In January 2008 the unemployment rate was 5.3%. In other words one in twelve (1 in 12) workers are unemployed.

In the Danielson and Willimantic area the unemployment rate was 9.6% for January 2009. The only higher area of unemployment in the State of Connecticut was Waterbury which reported a 10.4% unemployment rate for the month. Both places come out to one in ten (1 in 10) workers are out of work.

In the entire state, there has been a job loss from January 2008 to January 2009 of 38,300 jobs.

Mitchell Etess, the President and Chief Executive Officier of the Mohegan Sun Casino said, "Any talk of layoffs that you hear is simply false information."

Is Etess saying that the Mohegan sun Casino is bullet proof? How can anyone in this economy predict the future? How can Etess be sure? Won't the economic conditions in Connecticut affect the casino? Maybe we need new management? What do you think?

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