Connecticut Economic Outlook, February 2010

No Jobs Recovery! When will Connecticut's misery end?

This edition of the Connecticut Economic Outlook suggests that there is a "no jobs" recovery in sight. Assuming national growth trails off from the unsustainable 5.7% of the fourth quarter, Connecticut continues to lose jobs through 2011; the rate of loss simply slows from the predicted rate in the previous CCEA Outlook. The state’s economy has undergone a critical structural change as the degree of outsourcing—whether to other states or abroad—has grown quickly for more than a decade; the result is that even strong growth in total output may not translate into rapid improvement in employment.