The Connecticut labor market remains tight, while growth is painfully slow — increasing by just four-tenths of one percent from November 2018.
When Connecticut joined 12 other colonies in declaring independence from Great Britain on July 4, 1776, little did it know that it would emerge from the Revolutionary War facing an unprecedented structural economic crisis that would threaten the state’s fiscal future. How Connecticut emerged from that crisis can serve as lesson for the structural economic challenges the state faces today, says Walter W. Woodward, the state historian.
WASHINGTON — There are bright spots in Connecticut’s sluggish economy, even as Connecticut’s key manufacturing sector has lagged, a recent federal report says.
After growing modestly over the past three years, the state’s economy is ready to shift into high gear in 2015, according to a report Wednesday from the University of Connecticut’s economic think tank. And while the director of the Connecticut Center for Economic Analysis says the 8.1 percent growth projected for 2015 probably is too good to be true, achieving even most of that would allow the state to far outstrip the national economy.
Despite their seeming ability to disagree about almost everything, Gov. Danel P. Malloy and Tom Foley share plenty of common ground about Connecticut’s future economic development. But it’s their respective track records that lead them to butt heads most frequently.