Businesses have fled Connecticut by the hundreds. Those that stayed have laid off thousands of workers. Lots of air pollution here, too.
Connecticut lost a staggering 12,100 jobs in July 2003, the biggest one-month drop since the 1989-92 recession, and the unemployment rate jumped three-tenths of a point to 5.2 percent. In the past year, the state, on average, has lost just under 2,000 jobs a month, and economists were expecting a similar decline in July. The data released Monday by the state Department of Labor took them by surprise. The last time Connecticut lost so many jobs in a single month was July 1991, when employment fell by 14,700. It was one of a series of steep drops caused by a deep recession that cost the state 158,000 jobs.
http://www.ctnow.com/business/hc-ctjobs0819.artaug19,0,6010950.story?coll=hc-headlines-business
Connecticut City Tops For Stretching Wages
A network administrator may earn far more in New York City than in New London, Connecticut, about 125 miles to the northeast, but the New London resident will likely have more money left over at the end of the month, according to a new study of cities and salaries. New York City came in dead last, at 188, on a list of U.S. cities in "The Salary Value Index," a report prepared by Web site Salary.com that ranked cities as the most- to least-favorable to live in based on wages, cost-of-living and employment.
Full article at
http://today.reuters.com/news/newsArticle.aspx?type=reutersEdge&storyID=2005-05-23T120459Z_01_N20638786_RTRIDST_0_PICKS-ECONOMY-CITIES-STUDY-DC.XML
Salary.com http://salary.com/home/layoutscripts/homl_display.asp