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Unemployment Holds Steady Despite Fiscal Cliff Threat

The unemployment rate remained steady at 7.8 percent in December despite the looming threat of going over the fiscal cliff.


The nation's unemployment rate didn't rise in December, even though the overwhelming threat of going over the fiscal cliff loomed large throughout the month.

Unemployment remained steady at 7.8 percent, according to data released Friday, the Hartford Courant reported, and payroll grew by 155,000, slightly less than the 161,000 jobs created in November. 

The report predicts a 2 percent growth in the economy for 2013, which is not seen by experts as enough to make a significant dent in the recession.

That rate of growth will keep the country "just muddling through," Tom di Galoma, managing director at Navigate Advisors in Stamford told The Courant.

It could have been worse. Had Congress not come to a last-minute deal to avoid the fiscal cliff, taxes would have rose for almost everyone and thousands of people could have lost their unemployment benefits.

In Connecticut, the unemployment rate for November (the most current figures available) was 8.8 percent and, in Hamden, it was 8.4 percent

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Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
Debbie S May 16, 2013 at 09:23 pm
Welcome to Hamden! we recommend Donald Kagan at Caremedica in North Haven. Very smart, thoroughRead More and listens. Also the other Physicians Assistant there is awesome too, (I forget his name). Love them! (Only one we don't like is Dr. A. Lopez). 52 Washington Ave., Suite 4, N. Haven. Only about 6-8 min from me in Hamden. 203-672-2800. Good luck!
Kathleen Ramunni (Editor) May 16, 2013 at 09:10 pm
Casey Edwards Arenberg: My whole family sees Dr. Robert Henry, he's located on Whitney/Todd Street.Read More He's a great guy!
Kathleen Ramunni (Editor) May 16, 2013 at 09:10 pm
Cyndi Consoli: Dr. Kumar at Family Practice and Internal Medicine also takes walk-ins if you don'tRead More have an appt. open 8am-8pm M-F, Sat til 4, and Sunday til noon. 2543 Dixwell Ave. Hamden. In that building is also Quest lab, Whitney Imaging for x-rays, sleep disorder center, physical therapy, GI, heart and some other specialists. One stop shopping.
Author Jim Sterba Speaking May 22
cheryl May 16, 2013 at 03:49 pm
UN AGENDA 21- SUSTAINABLE DEVELOPMENT- HERE IT IS FOKES.
Willow Ann Sirch May 15, 2013 at 11:45 am
This event is sponsored by the Hamden Land Conservation Trust. Jim's talk will take place followingRead More a (short) annual meeting.
Janet May 17, 2013 at 07:08 am
Check out the CVS parking lot when the High School lets out. I've seen "Daddy" picking upRead More little "Johnny" in a Town owned car. We know it was tax money paying for the gas, just hope it was lunch time. I thought the Town was cracking down on inappropriate use of vehicles. I hope not many have use of a car on Sunday, and sure hope they were on Town duty. Yes, Angela, sadly you are right, nothing will change, but there is always a chance maybe someone will listen.
cheryl May 16, 2013 at 03:55 pm
CORRUPTION- IS MORE LIKE IT. GRAFT, UNLESS YOU CHANGE YOUR VOTING HABITS - AS ENSTEIN SAID- DOINGRead More THE SAME THING OVER AND OVER AND EXPECTING A DIFFERENT RESULT IS INSANITY. THAT IS THE VOTING HERE IN HAMDEN- INSANE THAT PEOPLE CONTINUE TO VOTE DEMOCRATIC AND EXPECT THINGS TO CHANGE. If you notice all cities with the democratic party in charge in the U.S. has the same problems. Start with New Haven, Hamden, New York, Chicago, Los Angeles, Atlanta, New Orleans, they all have the same problems. Welfare, union legacy costs, taxation, North Haven seems to be run better, must check that out. Don't know if that is a democrat or not.
Angela May 14, 2013 at 10:14 am
Beth there is so much abuse in this town it is ridiculous. How about getting stopped for seat beltRead More violations when most of the police do not wear them, or when they use cell phones instead of hands free devices. Could go on and on but who cares it will change NOTHING.
Donna Wilson May 15, 2013 at 10:45 pm
It is best not to give money to ANYONE going door to door...