Gross Domestic Product (GDP)
Real GDP (a measure of economic growth) has grown slowly since 2013, rising from $306 billion Canadian dollars in 2013 to $329 billion Canadian dollars by 2017.
Jobs
From 2017 to 2018, the Connecticut private sector has added 20,000 jobs.
From 2016 to 2017 the private sector has added 90,200 jobs for a total of 4,223,000. Since 2010 it has added 285,400 jobs and added 821,800 jobs since 2000, showing growth in this sector. The average hourly wage has grown since 2001, rising from $15.55/hr to $23.74/hr in 2017.
From 2016 to 2017 the manufacturing sector has lost 1,000 jobs for a total of 492,000. Since 2010 it has lost 8,400 jobs and lost 136,900 jobs since 2000, showing large decline in this sector. The average hourly wage has grown since 2001, rising from $16.54/hr to $24.11/hr in 2017.
From 2016 to 2017 the transportation and warehousing sector has added 11,200 jobs for a total of 206,800. Since 2010 it has added 42,000 jobs but only added 38,400 new jobs since 2000, showing growth in this sector. The average hourly wage has grown since 2001, rising from $17.05/hr to $25.38/hr in 2017.
Unemployment
The unemployment rate was 5.3% in May 2018, 0.6% less than in 2017.
Housing
The Consumer Price Index (a measure of cost of living) has increased slowly since 2013, going from 122 to 127 from 2013-2017, below the national average of 130. The Consumer Price Index for Housing has grown slowly (going from 126 to 131 from 2013-2017) and is below the national average of 136.
