Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

December 22, 2017 ECONOMIST SCORECARDS

Slow private-sector growth, contracting gov't jobs will continue in 2018

By Patrick J. Flaherty, Assistant Director of Research, Connecticut Department of Labor

Since the end of the Great Recession, Connecticut has experienced slow private-sector job growth and a contracting government sector. These trends will continue in 2018.

Declining enrollment (due to demographics) and a tight fiscal situation will constrain the education sector while the aging population will continue to drive demand for health care. Declines in retail employment are being at least partially offset by growth in the warehousing sector.

The manufacturing sector is hiring due to demand from the defense industry and to replace retiring workers. Finance, which continued to contract in the first years after the end of the Great Recession, has been expanding over the past year. Connecticut finance employment will continue to grow if the positive trends in the national financial markets continue in 2018.

Read more forecasts here.

SCORECARD

What’s your 2018 economic outlook for Connecticut? 

Moderate Growth

How many jobs will Connecticut add? 

7,500

What will Connecticut’s unemployment rate be at the end of 2018?

4%

What type of GDP growth will Connecticut see in 2018? 

1%

Which industry will add the most jobs? 

Health care and social assistance

Which industry will lose the most jobs?

Government

Sign up for Enews

Most Recent

Most Recent

Related Content

Thumbnail Athena Health Care laying off all 209 employees at Abbott Terrace nursing home in Waterbury
Thumbnail CT adds historic 73K jobs in June as COVID-19 recovery continues
Thumbnail DOL expanding new contact center for jobless residents
Thumbnail CT adds 100 jobs in Dec., 3,600 jobs in 2019

0 Comments

Order a PDF