With only a few months left in the year, it is almost certain that 2020 will mark the largest annual job loss in Connecticut’s history going back to 1960 due to the pandemic and, according…
recession
An error by the Connecticut Department of Labor resulted in the U.S. Department of Labor reporting Connecticut had a massive surge of 298,680 initial unemployment claims for the week ending May 9 – more than…
Amidst a severe downturn on Wall Street sparked by the COVID-19 virus and the shuttering of businesses across states to keep the spread of the virus minimal, Connecticut will face “considerable” economic fallout, according to…
It’s not yet clear how Governor-Elect Lamont intends to govern. What is already clear is that while he comes into office with sizeable supporting majorities in each house of the legislature, those majorities come at…
Since 2011, Connecticut has bonded nearly $1.8 billion for economic development, but the effort has produced little effect on the state’s economy. During the seven year period from 2011 through 2017, Connecticut’s gross domestic product…