AP NEWS

Is Connecticut’s ‘Great Depression’ over?

March 6, 2019

Don’t look now, but Connecticut’s “Great Depression” could be nearing the end, according to Bloomberg.

The state’s economy is looking up for the first time in more than a decade, according to columnist Justin Fox.

The latest state gross domestic product data from the third quarter shows the state’s economy is on track to grow more than 2 percent in 2018.

The state also saw its biggest annual employment gain since 2006, according to the Bureau of Labor Statistics. Average weekly earnings were also up 7.6 percent year-over-year in December, compared with 5.3 percent nationwide.