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“If this pace of job recovery continues, we will get to full recovery by early 2020,” says Pete Gioia, economic adviser of the Connecticut Business & Industry Association.
The largest year-over-year increase was at Emergency Services & Public Protection, whose total overtime rose by $6.5 million – 33.1% -- to nearly $26.3 million.
"Connecticut has to build upon our many strengths and not allow bad policy choices to slow us down," says the organization's President and CEO Joe Brennan.
“We will struggle to grow by zero to 1 percent," forecasts Connecticut Business & Industry Association President and CEOJoe Brennan.
“We need bold reforms to jumpstart our stalled economy, and we need a retooling of our jobs pipeline,” CBIA economist Pete Gioia said.
The 500,000-square-foot, 15-story headquarters will be at 406 Washington Ave.
Sixty-five percent of respondents expect profits this year (compared with 66 percent last year), 24 percent say they will break even (17 percent), and 11 percent forecast losses (17 percent).
The survey found that 29 percent of business leaders have a positive outlook for their company, down from 37 percent in the first quarter.
Connecticut’s private sector has recovered 102 percent of jobs lost during the recession – the first net expansion of private sector jobs in 88 months.
Ken Comeau is replacing Philip Vogel as head of the Connecticut Business & Industry Association’s CBIA Service Corp. division.
Connecticut manufacturers will need to fill 13,600 positions by 2018 to meet growing demand, according to the survey.