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An increase in Connecticut’s sales tax for restaurant meals could result in lost jobs, according to a study released by the Yankee Institute for Public Policy.
Connecticut’s unemployment rate remained unchanged at 4.5 percent in January.
“Since February 1989, the state of Connecticut has added 5,800 jobs,” he continued. “Not 5,800 per quarter, not 5,800 per year – 5,800 total. That’s incredible. We are dead last.”
In November 2017, Daymon announced it was merging with California-based Advantage Solutions.
“We need bold reforms to jumpstart our stalled economy, and we need a retooling of our jobs pipeline,” CBIA economist Pete Gioia said.
The job cuts are scheduled to take place by Dec. 31.
“Connecticut’s economy is impacted by the instability at the Capitol,” said Pete Gioia, CBIA’s economist.
Stamford continued to dominate with the largest number of businesses in the state, followed by Greenwich, Hartford, Norwalk and New Haven.
The Connecticut Department of Labor also lowered its June estimate of a 7,000 job gain to 5,600.