economy

Office of Conn. Gov. Ned Lamont

Connecticut Governor Ned Lamont launched his workforce council on Thursday. It’s a public private partnership with a number of CEOs, state government officials and educators. Their task is to recommend a strategy that would improve education and skills training in the state.

Desiree D'Iorio / WSHU

A new report says the opioid epidemic has taken more than a human toll. Long Island’s economy loses more than $8 billion a year.

Karen DeWitt / New York State Public Radio

Economists and financial forecasters, speaking at the New York State Capitol in Albany as part of an annual consensus forecast meeting on the state budget, are warning of an impending recession in New York and the nation. The state is already experiencing some warning signs, with the governor’s budget office predicting a $2.6 billion deficit. 

Courtesy of Pexels

Connecticut gained 6,100 jobs in June led by manufacturing and construction employment.

Andy Condon, with the Connecticut Department of Labor, says June’s increase in jobs overcame declines the state saw in March and April.

Condon says construction and manufacturing are now the fastest growing sectors in the state's labor market, which he calls “a very good sign."

Connecticut’s unemployment rate for June was 4.4 percent, down from 4.5 percent in May.

New York’s unemployment rate is at 4.2 percent.

Sacred Heart University

Connecticut’s economy is anything but boring. Revenue streams are fluctuating with a very volatile stock market. Last month the state was facing a $200 million deficit for this fiscal year. Now, state officials say, much to their surprise, there’s a $1 billion surplus.   

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