by Christine Stuart | Jan 22, 2018 11:56am
Posted to: The Economy | Leisure & Hospital Sector | Manufacturing Sector | Financial Sector | Trade, Transportation, Utilities Sector | Labor
HARTFORD, CT — After months of job losses, preliminary numbers from the U.S. Bureau of Labor Statistics show Connecticut ended 2017 by gaining 6,000 jobs in the month of December.
“December job growth ended the year on a better note than in previous months,” Andy Condon, Director of the Office of Research, said. “Preliminary data indicate that Connecticut grew 7,700 jobs on a seasonally-adjusted basis and 6,200 jobs on an average annual basis. This is actually better than the 5,000 average annual growth seen in 2016.”
Continue reading "Connecticut Ends Year On Positive Jobs Note" »
by Brian Sullivan | Sep 13, 2017 11:08pm
Posted to: Analysis | Business | Consumer Protection | Opinion | Sponsored Opinion | Financial Sector
People often compare the state budget to a household budget. We hear it all the time:
“If I ran my household like the state, I’d be broke!”
Continue reading "Fiscal Dynamics | The State Budget vs. Household Budget Argument" »
by Christine Stuart | May 31, 2017 2:35pm
Posted to: Business | The Economy | Financial Sector | Insurance | Jobs | Hartford
HARTFORD, CT — Aetna has had a footprint in the city of Hartford for 164 years. But that footprint might be about to get a little smaller, although no official announcement about a headquarter relocation has been made.
Continue reading "Aetna Acknowledges It’s Headquarter Shopping" »
by Christine Stuart | May 18, 2017 9:00am
Posted to: The Economy | Financial Sector | State Budget | Pensions | Wall Street
It’s been sort of a streak. Three Wall Street rating agencies have downgraded Connecticut’s creditworthiness in the last five days.
Continue reading "Another Day Another Wall Street Rating Agency Downgrade" »
by Christine Stuart | Apr 11, 2017 10:30am
Posted to: The Economy | Financial Sector | Town News | State Budget | Pensions | Taxes
HARTFORD, CT — Gov. Dannel P. Malloy reminded lawmakers Monday that at least one Wall Street credit rating agency captured the “sobering and credible view” of the budget challenges Connecticut faces.
Continue reading "Malloy Reminds Lawmakers About Connecticut’s High Fixed Costs, Bond Rating" »
by Christine Stuart | Feb 3, 2017 5:30am
Posted to: The Economy | Manufacturing Sector | Financial Sector | Labor | Manufacturing
The U.S. Bureau of Economic Analysis said Connecticut’s economy grew at a 3.6 percent annual rate in the third quarter last year or $261 billion.
Continue reading "Lagging Economic Indicator Shows GDP Growth In Connecticut" »
by Jack Kramer and Christine Stuart | Jan 31, 2017 12:01pm
Posted to: Business | The Economy | Financial Sector | Insurance | Jobs | Labor | Hartford
HARTFORD, CT — If Aetna is considering a move to Boston, as is being reported by the Hartford Courant, the company is being tight-lipped about it.
Continue reading "Is Aetna Considering Relocating?" »
by Cara Rosner | Dec 22, 2016 5:30am
Posted to: Business | The Economy | Financial Sector | Health Care | Jobs
As usual, a new year will bring new state laws to Connecticut, and several pieces of legislation — governing a wide range of topics — are slated to take effect on Jan. 1.
Continue reading "With A New Year Comes Some New Laws" »
by Christine Stuart | Sep 19, 2016 11:32am
Posted to: The Economy | Energy Sector | Technology sector | Leisure & Hospital Sector | Manufacturing Sector | Financial Sector | Trade, Transportation, Utilities Sector | Jobs | Labor
Connecticut’s labor market fell off a cliff in July and was unable to make up all of the losses in August, according to the latest numbers released by the Connecticut Department of Labor.
Continue reading "July Job Gains Turn Into Job Losses" »