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Economy & Labor

Santander’s Webster deal targets $800M in savings, raising job and branch concerns

Banco Santander’s planned $12.3 billion acquisition of Webster Financial Corp. stands as one of the most consequential banking deals in Connecticut’s recent history.

Survey: Employers are overwhelmed by benefits complexity

Nearly three-quarters of human resources professionals say their job responsibilities have grown in recent years as they navigate an increasingly complex employee benefits landscape driven by fragmented regulations and technology challenges, according to a new study from The Hartford.

CVS Health-Aetna laying off 313 remote workers, 17 in CT

CVS Health plans to lay off more than 300 additional workers at Hartford health insurer Aetna, including 17 in Connecticut, by the end of July, raising the total number of layoffs in the past two years to more than 1,000 workers.

🔒Seasonal visa cap raised, but CT businesses must prove ‘irreparable harm’

The federal government has raised the cap on a visa program that’s commonly used by many seasonal businesses in Connecticut.
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CBIA sets 10 ‘policy solutions’ for state legislators to help small businesses

The Connecticut Business & Industry Association on Thursday released a package of state policy recommendations it says are aimed at strengthening small businesses and reshaping the state’s economy.

CT jobless rate rises to 4.2% in December as payrolls slip; state shed 2,200 jobs in 2025

Connecticut’s unemployment rate rose in December and employers trimmed payrolls to close out 2025, according to the state Department of Labor.

Amid child care crisis, CT tries new source of funding: employers

A state pilot program in New London County is testing whether employers, employees and the government can split child care costs three ways, but some advocates question if the model can meaningfully expand access to care.

CT ranks 4th nationally in 3Q GDP growth at 5.6%

Only Kansas (6.5%), South Dakota (6.3%) and Arkansas (5.8%) posted faster growth for the July-through-September period.
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Rassekh: Despite trade uncertainty, CT economy poised for steady growth in 2026

Absent unforeseen shocks, the state’s economy should continue to grow at a solid pace in 2026.

🔒AI adoption, cybersecurity rules and workforce pressures converge for manufacturers in 2026

Connecticut manufacturers face 2026 with only 27% adopting AI, a November cybersecurity deadline for defense contractors, persistent workforce shortages and rising healthcare costs.
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