The National Bureau of Economic Research, the organization that makes the official call on U.S. business cycles, has not yet declared the U.S. in a recession, largely because the agency didn’t want to impact the midterm elections.My tracking report, which I’ve used for 40 years with data history extending back decades, shows that the U.S. […]
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The National Bureau of Economic Research, the organization that makes the official call on U.S. business cycles, has not yet declared the U.S. in a recession, largely because the agency didn’t want to impact the midterm elections.
My tracking report, which I’ve used for 40 years with data history extending back decades, shows that the U.S. economy was teetering on recession in the summer of 2022.
Housing prices nationally are projected to decline in 2023, while inflation remains high and home-heating costs are increasing.
The huge inflow of federal funds is clearly biasing Connecticut’s fiscal picture. While improving, the state’s fiscal outlook is still precarious given domestic net out-migration and rising inflation.
To make meaningful progress on its fiscal front, Connecticut needs to get serious about its business climate rankings, which have been in the bottom 10% for as long as I can remember.
Many are unaware that there are thousands of fewer jobs in Connecticut compared to when Gov. Ned Lamont first took office, and that the state is more than 50,000 jobs away from its March 2008 peak.
