Personal income in Connecticut rose by an estimated 1.5 percent in 2017, the slowest growth of any state in the northeastern United States, the U.S. Bureau of Economic Analysis reported Thursday.
WASHINGTON – Connecticut continues to lead the nation when it comes to personal income, federal economists say, but other reports show the state is also No. 1 when it comes to the uneven distribution of that wealth between the very rich and everyone else.
WASHINGTON – How healthy is the state’s economy? It’s a tale of two Connecticuts, and the subject of widely different viewpoints. But a recent federal report shows Connecticut’s big cities lag most others in the nation when it comes to economic growth.
The Obama administration has given Connecticut special status when it comes to seeking federal grants that would help the aerospace and shipbuilding sectors.
Grow Connecticut, the Republican super PAC, is closing its effort to unseat Gov. Dannel P. Malloy with its toughest ad of the campaign, a piece that is largely based on outdated economic data and backed by a $600,000 contribution that brings the group’s total spending to $7.3 million.
Republicans were gleeful a year ago when a federal agency reported that Connecticut was the only state whose economy shrank in 2012, a dismal mid-term report card for Gov. Dannel P. Malloy. It turns out the state’s economy actually grew by one percent.