Economist Don Klepper-Smith says he was \”shocked\” to discover that Connecticut leads among all states in the overall decline in the labor force during 2012:
… the labor data this month threw us a hard curve ball with the loss of 1,800 jobs against a backdrop of 155,000 new US jobs in December. That said, it prompted me to dig a little deeper into the jobs data and the components of unemployment. What I found shocked me! When you look at labor force data for ALL 50 states, we find that Connecticut has posted the largest decline in its labor force, both in absolute and relative terms.
Where are they going?
Here\’s the spreadsheet he\’s emailing today: