Business

Jobs
4:04 pm
Tue January 7, 2014

Conn., NY continue to lag behind nation in job growth

Connecticut and New York will lag behind western states in job growth in 2014. That’s according to a report by the Pew Center for Charitable Trusts published today. Connecticut does fare the best overall of the New England states, however.

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Unemployment
9:34 am
Mon January 6, 2014

AARP: Unemployed over age 50 have harder time finding work

The American Association for Retired Persons says it takes those who are unemployed over age 50 about one year on average to find a new job.  That's almost twice as long as someone under 50.

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Housing
12:46 pm
Thu January 2, 2014

Connecticut Plagued by a Soaring Foreclosure Rate

Stratford resident Holly House attends a clinic to prevent foreclosure sponsored by fair housing advocates in Bridgeport, Conn. last month.
Credit Kaomi Goetz

Last month, foreclosure filings sunk to the lowest number since the housing crisis began eight years ago. Home prices are up nationwide. But the recovery isn’t being felt everywhere. In fact, in some states like Connecticut, foreclosures are soaring.   

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Doors locked at DeYulio's sausage
9:27 am
Tue December 24, 2013

Stamford's "hometown sausage" company evicted by city

DeYulio's Sausage in Stamford
Credit Craig LeMoult

The city of Stamford evicted a business yesterday that’s been in the city for about a century.  The eviction was the result of an eminent domain purchase of a building to expand a roadway.

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Economic recovery
9:32 am
Fri December 20, 2013

Unemployment rate down in NY, Conn.

Labor officials say New York's unemployment rate has reached its lowest level in nearly five years. It dropped from 7.7%  in October to 7.4% in November.

The largest gains came in the educational and health service sectors.  Suffolk and Nassau counties have added more than 31,000 total non-farm jobs since November of 2012.

The unemployment rate in Connecticut has dropped to 7.6%.  It's the third consecutive month that rate has fallen. Officials caution the decline has come amid a shrinking labor force.

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