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CT gains 6,000 jobs in December

CAFCA | January 22, 2018 |

Connecticut gained 6,000 non-farm jobs in December, but its unemployment rate remained constant at 4.6 percent, the state Department of Labor reported Monday. Over the 2017 calendar year, non-farm employment grew by 7,700 jobs on a seasonally-adjusted basis. The jobless rate reflects not only those employed, but also those deemed to be actively seeking employment. “December job growth ended the year on a better note than in previous months,” said Andy Condon, director of the Office of Research at the labor department. The private-sector accounted for all of December’s job growth, adding 6,000 positions. Connecticut now has recovered 91,000 of the 119,100 jobs it lost in the last recession, or 76.4 percent. The private sector now has regained 107,900 out of 111,700 jobs lost, or 96.6 percent.

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Report: Connecticut has many economic challenges

CAFCA | May 03, 2016 |

A new “diagnostic” report takes a stark look at the challenges Connecticut faces when it comes to economic competitiveness. The data-driven Connecticut Economic Competitiveness Diagnostic was presented to the state Commission for Economic Competitiveness earlier this month and outlines significant hurdles Connecticut needs to overcome to increase job growth.

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Trying to solve the great wage slowdown

CAFCA | January 28, 2015 |

After almost 15 years of a disappointing economy, it’s easy to get pessimistic. Incomes for the middle class and poor have now been stagnating over a two-term Republican presidency and well into a two-term Democratic one. The great wage slowdown of the 21st century has frustrated Americans, polls show, and raised serious questions about what kind of policies, if any, might change the situation. Yet if you look around the world, you can find reasons for hope.

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