Connecticut Metros

A.E. Rodriguez
June 6, 2024

Total Employment, Selected States

alt text

Local Metro Area Change in Employment, Feb 2020-Mar 2024



alt text

Employment Performance


alt text

Pre and Post-Pandemic Momentum


alt text

Job Growth & Worker Availability

alt text

Information & Financial Activities


Information Financial Activities
State Feb-20 24-Mar Change (%) Feb-20 24-Mar Change (%)
Texas 212.8 233.3 9.6 818.7 917 12.0
Florida 143.1 159.7 11.6% 606.5 682.6 12.5%
Connecticut 31.3 29.9 -4.5 122.7 118.3 -3.6

Looking from Afar


Metro areas that offer lower average wages but also promise more affordability are not just adding population but also adding jobs. In contrast, metro areas rich in amenities but expensive compared to many of their counterparts are far from the job growth rates they experienced before the pandemic. (Benzow, April 25, 2024)


A. Benzow, Economics Innovation Group, April 2024

The concept of dynamism captures the intrinsic vitality of an economy: how quickly it changes, how efficiently it redeploys its resources to the most productive use, and how successfully it translates experimentation into opportunity.

A. Economics Innovation Group, Dynamism Score

Looking from Afar, part 2


The places that were growing more strongly before the pandemic have generally recovered and are growing more strongly today, while many places that lagged are still struggling to recover.

Abel, Deitz, Hastings, & Scally, May 2024


Since January 1, the federal government has published $960.6 billion in total net costs (with $926.3 billion in new costs from finalized rules) and 13.9 million hours of net annual paperwork burden increases (with 10.2 million hours in reductions coming from final rules).

Dan Goldbeck, Week in Regulation, April 2024


more than half of the new jobs last month were in government, health care and social assistance

WSJ,“The Government-Spending Jobs Boom,” May 3, 2024

References

Abel, Jason R., Richard Deitz, Jonathan Hastings, and Joelle Scally, “Many Places Still Have Not Recovered from the Pandemic Recession,” in Liberty Street Economics, Federal Reserve Bank of New York (May 7, 2024).(https://libertystreeteconomics.newyorkfed.org/2024/05/many-places-still-have-not-recovered-from-the-pandemic-recession/)

Benzow, August., “While the national job market booms, high-wage metro areas are experiencing sluggish growth,” in Economic Innovation Group, Analysis, April 25, 2024.(https://eig.org/high-wage-metro-areas-are-experiencing-sluggish-growth/)

Goldbeck, Dan, “The Biggest Week on Record,” Week in Regulation,” April 22, 2024.(https://www.americanactionforum.org/week-in-regulation/the-biggest-week-on-record/)

Rodriguez, A.E., “Post-Recession Jobs Recovery: A State-Level Spatial Analysis,” Pennsylvania Law Review, V26, No1., Spring 2019).(https://arods-docs.site44.com/Rodriguez_PER.pdf)

Wall Street Journal, “The Government Spending Jobs Boom,” May 3, 2024. (https://www.wsj.com/articles/government-jobs-healthcare-social-assistance-economy-investment-efe3a8e2#:~:text=Government%2C%20healthcare%20and%20social%20assistance%20accounted%20for%20about%2095%2C000%20of,Trump%20Presidency%20before%20the%20pandemic.)

Thank you



alt text



arodriguez@newhaven.edu
> Department of Economics & Business Analytics Pompea College of Business University of New Haven