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Friday, October 06, 2006

Fantasy vs. Reality

Jobs created from July 2004 to July 2006: 19,700. This is a net figure - meaning it reflects job losses as well as job gains.

[T]he state's job growth remained sluggish, a federal agency reported today.


"Connecticut ranked 45th in job growth, though the state's unemployment rate of 4 percent was better than the national average. Many New England states have experienced slow job and population growth," [said Paul] Driscoll, [a regional manager with FDIC].

"Unlike much of the country, Connecticut and Massachusetts still have not fully recovered the jobs lost from the recession five years ago, Driscoll said. The higher cost of living makes it tougher to attract new residents," he said.

"It's a concern," Driscoll said. "It's something we're watching."
Any questions?