With Sluggish Economy, Connecticut Won’t Recover From Recession For Another Two Years

Under Failed Governor Dan Malloy and his fellow Democrat Enablers, Connecticut’s sluggish recovery from the recession puts them behind most of the country.

From the RGA

Economist Don Klepper-Smith says that Connecticut still hasn’t recovered almost 20 percent of the jobs it lost during the 2007-2009 recession and remains the only state in the region that has not brought back all pre-recession jobs. Thanks to Malloy and his Chief Enabler Nancy Wyman’s job-killing, tax-hiking policies, Connecticut’s economy remains the weakest in New England, still trying to bounce back from a recession that started almost a decade ago.

The Hartford Business Journalhas more details

At Connecticut’s current pace of job creation, the state will recover all of the jobs it lost during 2007-2009 recession by early 2019, economist Don Klepper-Smith said Wednesday.

The state has recovered 82 percent of the jobs it lost and has another 21,000 jobs to go.

That recovery pace has lagged behind most states. All other New England states have recovered their recessionary job losses and gained some additional net jobs.

As of July, Rhode Island had the second-slowest New England recovery pace, at 109 percent. Massachusetts is performing the best, at 303 percent.

Klepper-Smith, chief economist and director of research at DataCore Partners, highlighted those stats during a quarterly webinar he conducts for Farmington Bank.


Previously:

3 days, 11 hours ago

Biden's polling dip threatens Virginia’s McAuliffe and New Jersey Gov. Murphy

New polls following the administration’s bungled Afghanistan withdrawal and inability to slow the spread of the coronavirus show a growing lack of faith in Biden which may extend to those who have embraced him

4 days, 8 hours ago

Arizona sues Biden administration over COVID-19 vaccine mandate

Biden announced the mandates last week, sparking GOP opposition

4 days, 9 hours ago

What The French Laundry Has to Do With Gavin Newsom's Recall Election

In early November, Newsom was found to be in violation of his own recommended virus precautions when he attended a friend's birthday dinner at The French Laundry, a three-star Michelin restaurant located within Napa County in Yountville.

5 days, 9 hours ago

Nebraska Gov. Ricketts rails against vaccine mandate: Biden 'pretty ignorant of what's going on'

Ricketts said he is planning to take legal action against the mandate

1 week, 1 day ago

Governors Immediately Push Back On ‘Unconstitutional’ Biden Plan: ‘Will Fight Them To The Gates Of Hell’

Numerous governors have issued statements following Democrat President Joe Biden’s speech on Thursday signaling that they will strongly oppose his attempts to mandate vaccines.

1 week, 2 days ago

Gov. DeSantis commends 9/11 responders, rebukes calls to defund police

“If you go down the road of defunding law enforcement, you're going have hell to pay on the back end,” he warned.