Good Economic News For CT

August 7, 2017

Recent economic indicators highlight the progress Connecticut is making to improve its business climate and be a great place to live, work and raise a family. The facts below prove the Connecticut doomsayers wrong – Connecticut is on the rise!

  • This year Connecticut jumped 10 spots to number 33 on CNBC’s “Top States for Business Rankings,” CT was number 43 last year.
  • The CNBC survey shows that Connecticut moved up from 18 to 7th place for the quality of its workforce and from 18 to 3rd place for education. But it ranks 47 out of 50 for its infrastructure and is 43rd for the cost of doing business.
  • Connecticut experienced a 1% increase in new private businesses being formed, which has risen for 5 years in a row.
  • Average annual wages for Connecticut jobs increased by half a percent to $65,869.
  • Hartford area worker’s average wages topped $28/hour, which exceeded the national average of $23.86/hour.
  • Connecticut added 7,000 jobs in the month of June.

I will continue to do everything I can to ensure Connecticut thrives economically and remains a great place to raise a family.

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