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Job Growth

Business
US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study
US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study Layoffs are sweeping across the country at a pace not seen in years, hitting government workers, retail employees, and tech professionals the hardest, according to a new study. US employers announced 172,017 layoffs in February, the highest total since the height of the COVID-19 pandemic in July 2020, according to a report released by outplacement firm Challenger, Gray & Christmas on Thursday, Mar. 6. Last month's cuts were 245 percent higher than January and more than double the job losses from February 2024. February marked a dramatic spike in job losses, as businesses and federal age…

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by Chris Spiker
Business
Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy
Private Job Growth Hits Lowest Point In Months As Trump's Trade Wars Shake Economy Job growth in the private sector slowed to its weakest pace in seven months, as hiring lags amid economic uncertainty and rising trade tensions, according to new data. Private employers added just 77,000 jobs in February, the ADP said in its National Employment Report released on Wednesday, Mar. 5. That number marks the smallest job growth since July 2024 and was down sharply from January's revised total of 186,000. February's data is the latest in a wave of troubling economic indicators during the first two months of President Donald Trump's return to office. "Policy uncertainty…

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by Chris Spiker
Politics
Here's Why Lamont Will Be Spending A Week In Israel Here's Why Lamont Will Be Spending A Week In Israel
Here's Why Lamont Will Be Spending A Week In Israel Connecticut Gov. Ned Lamont will be traveling overseas to Isreal to lead an economic development mission. The Democratic governor announced this week that he will be part of a convoy heading to Israel, where he intends to promote Connecticut as a promising place for start-up companies and to strengthen relations overseas. 
“Part of growing Connecticut’s innovation ecosystem includes adding diverse businesses from all around the world,” Lamont said in a statement. “This is an opportunity for Connecticut to strengthen its ties with Israel and provide these innovative companies with an option …

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by Zak Failla
Politics
Obsitnik Takes Unlikely Path As GOP Gubernatorial Primary Contender Obsitnik Takes Unlikely Path As GOP Gubernatorial Primary Contender
Obsitnik Takes Unlikely Path As GOP Gubernatorial Primary Contender This is the first in a series of Daily Voice articles on Connecticut's candidates for governor. From nuclear submarine officer to high-tech entrepreneur to one of Connecticut's leading Republican candidates for governor, Steve Obsitnik has traveled an unlikely path into politics. It's a path, Obsitnik said in an interview with Daily Voice, that sets him apart from the other two Republican gubernatorial finalists -- whom the Westport businessman called "career politicians." Obsitnik, a native of Stamford, steers right to the central  theme of his campaign: "The biggest proble…

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by Jon Craig
Politics
Off And Running: Bridgeport Mayor Ganim Files For Gubernatorial Bid Off And Running: Bridgeport Mayor Ganim Files For Gubernatorial Bid
Off And Running: Bridgeport Mayor Ganim Files For Gubernatorial Bid BRIDGEPORT, Conn. — It’s official: Bridgeport Mayor Joe Ganim is running for governor. Pledging that “We can do better,” Ganim today filed the necessary paperwork with the State Elections Enforcement Commission to run as a Democratic candidate in 2018.  Citing his more than 14 years as mayor of the state’s largest city, Ganim is pledging to work hard to revive the Connecticut economy and stabilize state government finances. “The road to bringing fiscal stability back to Connecticut runs through economic development and job growth,” he said in a written statement. “We can get Connecticut b…

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by Meredith Guinness