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The coronavirus effect will be a factor in the Commerce Department’s next report, due in June. As of now, Connecticut has gained back 83% of jobs lost in the Great Recession; as of Monday, nearly 100,000 unemployment claims have been submitted as businesses continue to shut down.
Connecticut’s poor performance was attributed to losses in its manufacturing sector, particularly in the chemical industry.
MasterCard has tracked the evolution of consumer behavior since the debt crisis and has identified changes in spending.
As the U.S. SBA kicks off National Small Business Week beginning May 20, retailers in Westchester County say they haven’t seen noticeable signs of an economic recovery.