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Tuesday, June 28, 2005

Connecticut Now Has Worst Job Growth in Country

The FDIC is reporting that Connecticut has the worst job growth in the country. We've lost more than 100,000 manufacturing jobs in the past 15 years and, of course, still face the prospect of losing as many as 15,000 with the threatened closure of the sub base.

In the grim language of the report, "Through first quarter 2005, manufacturing employment rose slightly, construction employment was steady, and service employment was narrowly mixed. This lack of growth during a national economic upswing is a concern as employment now is only slightly higher than at the beginning of the 1990s. No other state in the country has had such stagnation in employment."

This is another superlative we could have done without. Our pockets of high income and stratospheric home prices are masking the struggles of many. Let's pray that God will be merciful to us.

1 comment:

Harvest Time said...

I'm with you all the way... personally, I am one of many Conn. residents who could probably no longer afford to buy the house he's living in!