[beerbeer]

The country continues to add jobs. Connecticut continues to lose jobs.

Employers shed 1,400 jobs in Connecticut in June. Federal labor economists also revised down an initially reported loss of 1,500 jobs in May to a drop of 1,900.

Connecticut has now recovered 80.8 percent of the 120,300 of jobs lost in the last recession. It still needs another 23,100 net new jobs for a full recovery and lags other states in New England. With the state losing jobs, it will take a long time to catch up.

Hartford is actually bucking the trend and gaining jobs. But make no mistake, the state is hemorrhaging jobs.

[Mike 75]

Originally Posted by JayCT

Interesting article on the state’s under funded PILOT program that reimburses cities for the amount of tax exempt properties in their borders. This article provides the amount of PILOT payments the state has underpaid in Hartford where 59% of the properties are tax exempt. No wonder the city struggles when the state underpays them by $376 million over the past seven years. Makes me feel better about the state taking over the city’s $500 million in debt. It’s a drop 8n the bucket compared to what the state owes them. Jay

https://ctmirror.org/2019/07/18/solu...pilot-program/

Data is from Hartford's assessor's office. Of course they will claim they've been under paid under PILOT. I would take it with a grain of salt.

[JayCT]

Originally Posted by beerbeer

The country continues to add jobs. Connecticut continues to lose jobs.

Employers shed 1,400 jobs in Connecticut in June. Federal labor economists also revised down an initially reported loss of 1,500 jobs in May to a drop of 1,900.

Connecticut has now recovered 80.8 percent of the 120,300 of jobs lost in the last recession. It still needs another 23,100 net new jobs for a full recovery and lags other states in New England. With the state losing jobs, it will take a long time to catch up.

Hartford is actually bucking the trend and gaining jobs. But make no mistake, the state is hemorrhaging jobs.

I will remind you that we have regained all of the private sector jobs we lost and the jobs not recovered are public sector jobs which are primarily funded by taxpayers. Also note that Connecticut’s unemployment rate is the same as the US average (3.7%) so how bad could our economy be? It is also lower than some states that are considered to have a good economy. North Carolina’s unemployment rate is 4.1%. Again how bad could our economy be if we are better than them? Jay

https://files.nc.gov/nccommerce/docu...06_NCToday.pdf

[JayCT]

Originally Posted by Mike 75

Data is from Hartford's assessor's office. Of course they will claim they've been under paid under PILOT. I would take it with a grain of salt.

Uh... maybe you can argue about the amount that should be paid but you can’t argue that the state has failed to be even close to the amount it should be paying. Jay

[JayCT]

Governor Lamont has reached a new deal on pension fund payments saving the state $271.4 million over the next two fiscal years. This amount was already accounted for in the approved budget. Jay

https://ctmirror.org/2019/07/18/ct-r...-pension-fund/

[BobNJ1960]

Originally Posted by beerbeer

The country continues to add jobs. Connecticut continues to lose jobs.

Employers shed 1,400 jobs in Connecticut in June. Federal labor economists also revised down an initially reported loss of 1,500 jobs in May to a drop of 1,900.

Connecticut has now recovered 80.8 percent of the 120,300 of jobs lost in the last recession. It still needs another 23,100 net new jobs for a full recovery and lags other states in New England. With the state losing jobs, it will take a long time to catch up.

Hartford is actually bucking the trend and gaining jobs. But make no mistake, the state is hemorrhaging jobs.

Accurate, sad summary. Lamont is off to as putrid a start as Malloy's 8 years were.

Bear in mind, much of the WARN list has yet to be reflected in these terrible job loss reports.

[BobNJ1960]

https://www.courant.com/politics/cap...slu-story.html

Incredible! But given how we are doing, not a surprise.

[Mr_250]

Originally Posted by BobNJ1960

https://www.courant.com/politics/cap...slu-story.html

Incredible! But given how we are doing, not a surprise.

This “study” is funny. It’s only 545 which is smaller than my graduating class in high school. If you asked my graduating class I bet 50 % of them said leaving and never coming back. Guess what, maybe 5% actually moved out of the town and the rest remain. It’s all just hype.

CT is doing ok. We are not a power house but not a Mississippi either. Middle of the road is where we want to be which is fine.

[LMPA]

Originally Posted by JayCT

So despite the fact that our state lost 1,400 jobs in June, our unemployment rate went down to 3.7%. We are still up 4,000 jobs for the past 12 months which is good. Still it would be better if we gained jobs. Jay

https://www.middletownpress.com/midd...t-14105481.php

Quoted in article:


The low rate for Connecticut is consistent with a pattern in which thousands of residents are leaving the state each year, although that exodus is also happening in states such as Massachusetts that are adding jobs.

[LMPA]

New Forecast Predicts U.S. Real Estate Appreciation to Remain +3.7 Percent

New Forecast Predicts U.S. Real Estate Appreciation to Remain +3.7 Percent

TOP TEN
Odessa, TX................................................ ................................ +9.7%
Coeur D'Alene, ID................................................ ..................... +9.5%
Idaho Falls, ID................................................ ........................... +9.4%
Boise City-Nampa, ID .................................................. ........... +9.1%
Midland, TX................................................ ............................... +8.0%
Bellingham, WA .................................................. ..................... +7.8%
Spokane, WA................................................ ............................ +7.4%
Kennewick-Pasco-Richland, WA .......................................... +7.2%
Pocatello, ID................................................ .............................. +7.2%
Yakima, WA .................................................. ............................ +7.2%

BOTTOM TEN
Grand Forks, ND-MN................................................ .................. -1.9%
Bridgeport-Stamford-Norwalk, CT........................................... -1.7%
Baton Rouge, LA................................................ .......................... -1.6%
Lafayette, LA................................................ ................................ -1.2%
Norwich-New London, CT................................................ ......... -1.0%
Danville, IL .................................................. ................................. -0.9%
Shreveport-Bossier City, LA .................................................. .... -0.7%
Hot Springs, AR .................................................. ......................... -0.6%
Jonesboro, AR .................................................. ........................... -0.4%
Houma-Bayou Cane-Thibodaux, LA ....................................... -0.3%