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Old 11-19-2015, 04:30 PM
 
9,911 posts, read 7,693,961 times
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Well state is kind of in a doom and gloom state ha! It is what it is hoping things can improve. Maybe next election some fresh ideas will help the state.

 
Old 11-19-2015, 07:06 PM
 
Location: Connecticut
34,924 posts, read 56,918,061 times
Reputation: 11220
Quote:
Originally Posted by Henry10 View Post
Just because you're tired of hearing the truth, doesn't make it less true.
If it is true then answer the question. Jay
 
Old 11-19-2015, 07:08 PM
 
Location: Connecticut
34,924 posts, read 56,918,061 times
Reputation: 11220
Quote:
Originally Posted by RunD1987 View Post
Well state is kind of in a doom and gloom state ha! It is what it is hoping things can improve. Maybe next election some fresh ideas will help the state.
It is? Not where I live or visit. The most doom and gloom seems to be from some posters that post here. Jay
 
Old 11-19-2015, 07:56 PM
 
Location: Ubique
4,317 posts, read 4,204,738 times
Reputation: 2822
Quote:
Originally Posted by JayCT View Post
If it is true then answer the question. Jay
We have ad nauseam and I'll pile some more.

Since 1990 CT population has increased 9%, while our workforce increased 3%. Where are the rest? Unemployed.

Manufacturing jobs, Financial Services, Insurance, real estate, IT jobs? Nose-Dive.

Construction, Transportation, Trade, Utilities, Scientific, Legal? Stagnant.

Job Increases are in education, healthcare, hotels, dry-cleaning, laundromats, funeral services, grantmaking (begging for money), parking attendants, and dating services. And of course Government (14%) while population increased only 9%.

Here is the source:

Employment in Connecticut: The long-term trend in 10 business sectors | TrendCT

Last edited by Henry10; 11-19-2015 at 08:07 PM..
 
Old 11-19-2015, 07:56 PM
 
Location: Northeast states
14,053 posts, read 13,926,968 times
Reputation: 5198
Hartford has high unemployment rate in CT September numbers

1. Hartford 9.6%
2. Waterbury 8.5%
3. Bridgeport 7.9%
4. New Britain, New London(tied) 7.3%
5. Ansonia 7.2%
6. New Haven 6.9%
7. East Hartford, Meriden(tied) 6.5%
8. Norwich 6.5%
9. Derby 6.3%
10. Killingly, Plainfield(tied) 6.2%

Besides top 10 Stamford 4.2% Norwalk 4.4% Manchester 4.9% Danbury 4.1% Bristol 5.8% Middletown 5.0% Stratford 5.8%


http://www1.ctdol.state.ct.us/lmi/laus/laus.pdf
 
Old 11-19-2015, 09:06 PM
 
2,361 posts, read 2,183,219 times
Reputation: 1379
Quote:
Originally Posted by Henry10 View Post
We have ad nauseam and I'll pile some more.

Since 1990 CT population has increased 9%, while our workforce increased 3%. Where are the rest? Unemployed.

Manufacturing jobs, Financial Services, Insurance, real estate, IT jobs? Nose-Dive.

Construction, Transportation, Trade, Utilities, Scientific, Legal? Stagnant.

Job Increases are in education, healthcare, hotels, dry-cleaning, laundromats, funeral services, grantmaking (begging for money), parking attendants, and dating services. And of course Government (14%) while population increased only 9%.

Here is the source:

Employment in Connecticut: The long-term trend in 10 business sectors | TrendCT
Which is not far off from the rest of the country... that's the bigger issue.

Unemployed though? The workforce is aging, as the major immigration corridor from Europe got cut due to Visa requirements and general better economies of Italy, Spain, Hungary, Greece, Ireland, and the UK. Heck more Americans of Mexican decent moved to Mexico than stayed here.

CT's Workforce participation rate is well above the US average:

https://www.expresspros.com/Newsroom...x?PageNumber=4

66.1 to 62.7 US average.

A lot of the issues that people see as only CT issues really should look at the data and get out more because here we've done better than just about any other part of the country, which has had a devastating hollowing out of middle income jobs.
 
Old 11-20-2015, 01:02 PM
 
Location: Northeast states
14,053 posts, read 13,926,968 times
Reputation: 5198
Stamford is CT financial district

Shipping firm HQ heaves to in Stamford - Connecticut Post
 
Old 11-20-2015, 02:42 PM
 
Location: Connecticut
34,924 posts, read 56,918,061 times
Reputation: 11220
Quote:
Originally Posted by Beeker2211 View Post
Which is not far off from the rest of the country... that's the bigger issue.

Unemployed though? The workforce is aging, as the major immigration corridor from Europe got cut due to Visa requirements and general better economies of Italy, Spain, Hungary, Greece, Ireland, and the UK. Heck more Americans of Mexican decent moved to Mexico than stayed here.

CT's Workforce participation rate is well above the US average:

https://www.expresspros.com/Newsroom...x?PageNumber=4

66.1 to 62.7 US average.

A lot of the issues that people see as only CT issues really should look at the data and get out more because here we've done better than just about any other part of the country, which has had a devastating hollowing out of middle income jobs.
You answered your own question. While there has been a lot of retirements as baby boomers age. There was a very interesting article in today's Courant (too bad linking it here would be useless. Two well respected Economists question the latest jobs reports. They say that there is a severe shortage of workers in the financial and insurance industry. They regularly talk with people in the industry. They also predict that the state's unemployment rate will drop below the national average in the future.

Also in the Courant was another article about Torringtons FuelCell Energy Company that is building a major expansion that will create at least 160 jobs. More good news. Jay
 
Old 11-20-2015, 05:15 PM
 
Location: Northeast states
14,053 posts, read 13,926,968 times
Reputation: 5198
Many Connecticut minorities fall behind in economic recovery Republican American
 
Old 11-23-2015, 08:27 AM
 
Location: Connecticut
34,924 posts, read 56,918,061 times
Reputation: 11220
Forbes has rated Hartford as 4th best city where salaries go the furthest. The article states:

Another example of a higher-cost success story is the Hartford, Conn., metro area, which ranks fourth on our list with adjusted annual real earnings of $54,590. One of the lowest-density regions in the country, it boasts many small, prosperous communities with high housing prices surrounding a largely impoverished but small core city (population: 125,000 ). In 2011, the Harford metro area was ranked by Brookings as the most productive metropolitan region in the world.

Here is a link to the article: Forbes Welcome

Jay
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