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Jobs & the Economy

Connecticut Economy Continues to Struggle

  • Sep 03, 2014

The Labor Day holiday was a time to celebrate American workers.  Unfortunately, here in Connecticut workers have not had much to celebrate the last few years.  As the chart below shows, Connecticut residents’ quarterly wage and salary earnings have actually dropped by .03% since December 2010.  In contrast, wage and salary disbursements grew by 3.56% in New England as a whole and by 4.76% in the United States as a whole.

Meanwhile, Connecticut continues to have one of the worst job recovery rates of any state in the country.  As the chart below shows, Connecticut has recovered only 64% of the non-farm jobs lost in the last recession.  The United States has regained twice that percentage. 

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