[the fish]

Originally Posted by EricS39

But maybe CT economy will rebound

Something moderator said a few months ago:

um no

Between 1996 and 2006 – before the financial meltdown and recession — the number of Connecticut small businesses declined by 2.2 percent, while the average experience of all 50 states was a 10 percent increase. Only Ohio and West Virginia did worse than Connecticut. Its small businesses account for about half of the state’s private sector jobs.

[EricS39]

Originally Posted by the fish

LOL we have one of the worst economies of any state. We lag behind in every key area.

Connecticut ranks #50 – the worst — in annual economic growth. According to the Department of Commerce’s Bureau of Economic Analysis, Connecticut’s economy contracted for the second year in a row. “Connecticut is the laggard,” reported Connecticut Department of Labor economist Daniel Kennedy.

Also it was argued in earlier threads that just because growth is low doesn't mean there aren't still a lot of jobs ...you can see for yourself people relocating to Connecticut posting on here....at least 2 people this past week

We also established that unique to CT is mill rates are inversely correlated to how affluent the town ...which is a bit messed up but this makes for one to not confuse the highest mill rate towns with the most expensive towns

We also established that people west of CT River are clueless about east of river towns, which can be substantially cheaper and not a bad comparison to locations in cheaper states

And still it beats me why nobody thinks to live in Manchester, commute into those towns west of the river you can't afford to live and dodge paying those prices ....
Instead of leaving the entire state your amenities are you cross a river or in the case of Glastonbury, a nice ferry boat ride, and you have all that you had for half the price

[LRPct]

I really dont get the whole "west/east of the river" thing. As someone who has lived decades in both, theres plenty of affordable housing and jobs west of the river as well. If you want to seperate inflated housing prices its really lower FFC, no?

[the fish]

"Also it was argued in earlier threads that just because growth is low doesn't mean there aren't still a lot of jobs ...you can see for yourself people relocating to Connecticut posting on here....at least 2 people this past week"

then why do we rank 39th in unemployment?

Unemployment Rates for States
Monthly Rankings
Seasonally Adjusted
Mar. 2014

39CONNECTICUT 7.0

[EricS39]

Originally Posted by the fish

"Also it was argued in earlier threads that just because growth is low doesn't mean there aren't still a lot of jobs ...you can see for yourself people relocating to Connecticut posting on here....at least 2 people this past week"

then why do we rank 39th in unemployment?

Unemployment Rates for States
Monthly Rankings
Seasonally Adjusted
Mar. 2014

39CONNECTICUT 7.0

Because we are a small state and the aftermath of the MetLife relocation affected a lot of people who were counted as unemployed and won't be soon enough. Also part of that unemployment is due to public sector shrinkage. Our state is small so rate fluctuations will be more volatile as a % of state total.

How about we look at the unemployment rate for CT+RI+MA and compare that with other states

[the fish]

28massachusetts 6.3
51RHODE ISLAND 8.7

[EricS39]

Originally Posted by the fish

28massachusetts 6.3
51RHODE ISLAND 8.7

Georgia
Arizona
New Mexico
Nevada
Tennessee
Kentucky
Mississippi

All red states with more Unemployed than CT

Florida also is tied for 28th place with Massachusetts

Vermont...a solid blue state...is #2 lowest unemployed

[the fish]

Originally Posted by EricS39

Georgia
Arizona
New Mexico
Nevada
Tennessee
Kentucky
Mississippi

All red states with more Unemployed than CT

Florida also is tied for 28th place with Massachusetts

Vermont...a solid blue state...is #2 lowest unemployed

Quick move to Vermont before it gets overpopulated!
WOW how great! You mean we beat Kentucky? This must mean that we are on our way to prosperity! And Mississippi too! LOL you ct cheerleaders are so entertaining.

[EricS39]

Originally Posted by the fish

Quick move to Vermont before it gets overpopulated!
WOW how great! You mean we beat Kentucky? This must mean that we are on our way to prosperity! And Mississippi too! LOL you ct cheerleaders are so entertaining.

Well it looks like a lot of states are "tied at the bottom" in the same boat


Here's a good way to put it

The job growth engines are Texas, the Dakotas and the Midwest breadbasket west of Illinois, Nebraska and Wyoming and Utah. The jobs are low paying but without shortage and due to oil and commodities, drilling, mining, and this population is tracking in opportunity for new workforces on land where cost of doing business is ultra-cheap

Now let's think longterm and stop thinking short-term. Will these booms last into the next decades? I think not!
Commodity-driven economies boom and bust. It's the next bubble. Eventually an alternative source of energy or new raw materials or better ones ...or 100% depletion of existing reserves,
Will cause massive layoffs

With these massive layoffs and hardly a public sector built in, these places will lose their core jobs as fast as they boomed.

Unlike Connecticut where there's beachfront, natural parks , history galore well preserved, how many people do you think would stay put in North Dakota if the job opportunities were gone? Who in their right mind would?

With that said, we may not be growing , we have room for improvement, but some of the boom we see in North and South Dakota history will tell you is not stable long-term development...it is what I call the 21st century Yukon Goldrush

It will ultimately bust. When this happens, states along the coast will have new migrants flowing in and under a future fiscally conservative governance, we can have tax promotions to get these people back in and This state can make a serious turnaround and get tons and tons of jobs

Also global warming is good for Connecticut and bad for the south in terms of climate to attract residents

[LRPct]

Originally Posted by EricS39

Well it looks like a lot of states are "tied at the bottom" in the same boat


Here's a good way to put it

The job growth engines are Texas, the Dakotas and the Midwest breadbasket west of Illinois, Nebraska and Wyoming and Utah. The jobs are low paying but without shortage and due to oil and commodities, drilling, mining, and this population is tracking in opportunity for new workforces on land where cost of doing business is ultra-cheap

Now let's think longterm and stop thinking short-term. Will these booms last into the next decades? I think not!
Commodity-driven economies boom and bust. It's the next bubble. Eventually an alternative source of energy or new raw materials or better ones ...or 100% depletion of existing reserves,
Will cause massive layoffs

With these massive layoffs and hardly a public sector built in, these places will lose their core jobs as fast as they boomed.

Unlike Connecticut where there's beachfront, natural parks , history galore well preserved, how many people do you think would stay put in North Dakota if the job opportunities were gone? Who in their right mind would?

With that said, we may not be growing , we have room for improvement, but some of the boom we see in North and South Dakota history will tell you is not stable long-term development...it is what I call the 21st century Yukon Goldrush

It will ultimately bust. When this happens, states along the coast will have new migrants flowing in and under a future fiscally conservative governance, we can have tax promotions to get these people back in and This state can make a serious turnaround and get tons and tons of jobs

Also global warming is good for Connecticut and bad for the south in terms of climate to attract residents

Truth. ^^^^