January 17, 2011 | last updated May 31, 2012 2:56 pm

Report: CT's annual employment growth expected to be worst in country

Connecticut is expected to have the lowest annual expected employment growth in the nation over the next five years, according to an industry study.

A recent report by New York-based IHS Global Insight, which provides economic and financial analysis, said Connecticut's annual employment is expected to grow by less than 1 percent over the next five years, the worst growth rate of any state in the country.

The number indicates just how painful Connecticut's economic recovery could be.

The Nutmeg state has lost nearly 100,000 jobs since the start of the recession in 2008. Connecticut did gain about 2,500 jobs in November, but the unemployment rate remains high at 9 percent.

The national unemployment rate is about 9.8 percent.

Connecticut's 0.9653 percent annual expected employment rate increase through 2016 ranked it dead last in the United States.

Arkansas, Iowa and Ohio, each had the next worst projected employment rate increases over the next five years at 1 percent, 1.1 percent and 1.2 percent respectively.

Meanwhile, neighboring states like Massachusetts, New Jersey, Maine and Rhode Island all have projected growth rates below 1.4 percent.

The largest expected employment growth rates are expected in Utah (2.7 percent), Idaho (2.4 percent), and Arizona (2.3 percent).


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