Real Hourly Earnings Up 3.6 Percent Over The Year In Leisure And Hospitality
Real average hourly earnings for all employees on private nonfarm payrolls increased 2.4 percent from January 2014 to January 2015. The increase in hourly earnings, combined with a 0.6-percent increase...
View ArticleEmployment Increases in February
Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in food...
View ArticleConsumer Spending Dips
Average annual household spending decreased from $51,442 in 2012 to $51,100 in 2013, a decline of 0.7 percent. This follows 2 years of increasing spending in 2011 and 2012. [Read more…]
View ArticleWhat GDP Doesn’t Know
While the labor market continues to strengthen, GDP growth appears to have slowed. Is this due to decreasing worker productivity? Or can we attribute it to flaws in the measurement of GDP? [Read more…]
View ArticleNew Rules for H-2B Visa Program
In response to recent court decisions that have created significant uncertainty around the H-2B temporary foreign nonagricultural worker program, the U.S. Departments of Labor and Homeland Security...
View ArticleAre Wages Really Rising?
A recent divergence between two widely watched measures of employee compensation has attracted considerable attention. Wages are flat, but overall compensation is rising—is the labor market really...
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International Trade Survey
The 2015 International Trade Survey of Connecticut Businesses finds 79% of Connecticut companies with export potential engaged in foreign trade, up 44 percentage points from 2007. The rise in...
View ArticleQuarterly Credit/Economic Survey
Taxes, finding new customers, and hiring qualified employees are the top current concerns for Connecticut businesses, according to the 2015 CBIA/Farmington Bank 1st Quarter Economic and Credit...
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At the CBIA 2015 Connecticut Tax Conference, Connecticut DRS Commissioner Kevin Sullivan and the region’s top tax and legal experts addressed several key proposed changes to sales and use taxes,...
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Hartford-New Haven-Springfield Business Survey
Taxes are the single greatest challenge to operating a business in the Hartford-New Haven-Springfield region, according to a survey released today. The Hartford-New Haven-Springfield Business Survey,...
View ArticleWho’s Afraid of Normalization? 3 Myths About Rising Interest Rates
Jim Glassman, head economist for commercial banking at Chase, recalls that the Fed’s intervention during the recession was met with warnings about further damage to the U.S. economy. But, he notes,...
View ArticleJuly 2015 Survey of Current Business
The U.S. Bureau of Economic Analysis today released its July 2015 Survey of Current Business, which looks at recently price-adjusted estimates of personal income for states and metropolitan areas, GDP...
View ArticleManufacturers: Apprenticeship Training Dollars Available Now
The Manufacturing Innovation Fund Apprenticeship Program provides financial assistance — in the form of wage subsidies, tuition, and other reimbursement — to Connecticut manufacturers and training...
View ArticleConsumer Price Index
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a fixed market basket of consumer goods and services from A to Z. The CPI provides...
View ArticleSurvey of Connecticut Businesses
Survey: State Budget Fallout Dampens Economic Mood September 11, 2015 Tax hikes included in the state budget approved by lawmakers during the 2015 General Assembly are among the main challenges facing...
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