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Connecticut Economic Outlook - December 2013               

Where are the Jobs? Connecticut Struggles to Regain its Economic Health         

     December 16, 2013:    Even while jobs are returning to Connecticut’s economy, the apparently encouraging seasonally unadjusted unemployment rate of 7.5% for 2013Q3 needs to be compared with the Seasonally adjusted (SA) unemployment rate of 7.9%. The improving unemployment rate is in large measure a result of declining participation in the workforce. Nearly 65,000 working-age adults simply stopped looking for employment since 2010Q2.

    Continuing productivity gains often approaching (or even exceeding) 2% annually translate into no job creation unless the economy grows even faster. Even at the national level, job creation remains modest for this reason. Ironically, Connecticut’s strength in manufacturing, which typically delivers quite high productivity growth, is a concomitant of fewer jobs, and thus a challenge for job creation.

    Full-time equivalents (FTEs) have risen 43,000 over the three years. With gains in FTEs and loses in the number jobs, the ratio of FTEs to jobs in Connecticut has risen, which can be an indicator of further job growth.

Read the Full December 2013 Outlook                  See prevous reports in this Connecticut Quarterly Forecasts series.

Featured Reports

Job Retention vs. Loss in Connecticut, 1990 to 2010, Studied as a Shift or Share of the National Labor Market                 October 2011, POSTED June 2014
      Analysis of the recent decade, 2001 to 2011, revealed that (1) both Conneccticut's (a) manufacturing and (b) leisure and hospitality sectors outperformed the national pattern, indicating a comparative advantage in both industries, while (2) our state lags nationally, competitively, in two kiey expanding sectors: (a) professional and business services and (b) education and health services.

Rooftop Solar PV Adoption Patterns, 2004 - 2012 July 2013 Release;
     a Hotspot and Density Analysis.

Connecticut at Risk: Will the State Navigate to Prosperity? April 2013
      Comeback America Initiative and CCEA present the strengths and weaknesses of Connecticut's financial condition and competitive position relative to other U.S. states.

Connecticut Coastal Community Unemployment and Economic Damage Attributable to Hurricane Sandy February 2013

Meeting the Challenge: The Dynamics of Poverty in Connecticut January 2013
      Links to Poverty Report Data Sets and Interactive Maps

Video from CCEA Partner, Mansfield Advocates for Children (MAC)

      for their Community Connectedness initiative: the Mansfield Community Playgroound :
is pleased to announce: We're Building a Playground, the story of their preparation for their hoped-for Spring 2015 build-out.

    CCEA has collaborated with and contributed to MAC's initiatives since 2012, assisting by providing analysis and recommendations for the Town of Mansfield's Early Childhood Office and the volunteer MAC teams as they focus on their goal:
    All Mansfield Children ages birth through 8 years old are healthy, successful learners, and their families are connected to the community.

CCEA Partner, Richard Parnas, Chemistry Professor at UConn

      is participating with an international effort to develop renewable biodiesel fuel for jets in association with Embry-Riddle Aeronautical University.

Updated June 28, 2014.