A state budget is an administration or a majority of legislators’ policy statement; a roadmap if you will, on the direction it wants to take the state. For some of us, that road is leading us in reverse. Connecticut’s unemployment rate remains at 8%, higher than the national average of 7.6% and New England at 6.8%.
The state Department of Labor reports that Connecticut has gained 58,600 jobs lost during the recession, slightly less than a 50% recovery, much lower than the 72% job recovery seen nationally. Finance and insurance jobs and wages are contracting and moreso in the manufacturing industry.