Although Connecticut has seen no aggregate job growth in more than two decades, there is a bright spot in Connecticut's changing and sagging economy.
In recent years the state has regained higher wage positions, while seeing a contraction in lower wage jobs, according to a study released Thursday by the Connecticut Center for Economic Analysis, a research arm of the University of Connecticut.
That trend marks a reversal from previous economic analyses of Connecticut's economy, many of which found a loss of higher wage jobs in the state since 1990.
Over the last decade, employment adjustments to higher income occupations have contributed a net of $6.9 billion to the growth of the Connecticut economy from 1999 to 2009.
But even that good news is tempered by a dour footnote. That same economic data also shows worrisome losses in critical, high-pay occupations like chief executive officers, lawyers and general and family practitioners, which has adversely impacted Connecticut employment and incomes.
"While expansions of lower-level executive and managerial jobs more than offset cuts in CEOs, the extent of the decline in CEO positions is large, represents a shift of final decision making out of the state, and may need to be redressed," the report said.
According to the Connecticut Center of Economic Analysis, which publishes The Connecticut Economic Outlook, the pattern of losing higher wage jobs reversed itself last decade as employment opportunities in the state improved in many higher-wage categories including middle-to-senior management occupations, nursing, information technologies, and engineering.
Despite the modest improvement, however, Connecticut faces a difficult economic future, the report said.
There has been no aggregate job creation in twenty years, the data about CEO positions suggest a significant departure or disappearance of firms, and the shrinking numbers of family practitioners in the face of a rapidly aging population may significantly impact access to medical services.