Two new jobs reports paint a somewhat positive picture nationally and in Connecticut with less unemployment and measured growth, but have things actually improved?
Reuters reported that despite a slowdown in hiring, the unemployment rate is the lowest its been nationally for half a year according to a new survey.
"Hiring is not booming, but I don't think there is any sign of recession. The risk of the economy falling into a second recession over the next six to 12 months has been reduced, but we still have a very long way to go," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester Pennsylvania, in the Reuters article.
In Connecticut, the unemployment rate dropped below 9 percent for the first time in almost two years. Still, there’s a long way to go before employment levels rebound to pre-recession levels.