Tag: Personal income

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.

Although Connecticut’s personal income was above the U.S. average of a 4.3 percent increase, it ranked 27th in the nation.

The state also ranked first for per capita personal income.

Personal income increase 1.1 percent in February after a 3.7 percent drop the month prior, according to the Bureau of Economic Analysis.