Jobs For Connecticut Now

The Providence Business Journal reported that Rhode Island has been losing jobs faster than any other state in the New England region.  Employment in Rhode Island began to decline in January 2007, and has not stopped falling yet, according to the U.S. Bureau of Labor Statistics.

Other states in New England, including Massachusetts and New Hampshire, did not see a decline in employment until March 2008, more than a year after the job slump began in Rhode Island.  In 12 months, the state’s employment has dropped 4.6%, and statewide employment is at its lowest since 1999.  Like many neighboring New England states, Rhode Island’s construction, retail and manufacturing industries have suffered the most in this recession.

Now is the time for policymakers across the New England region to take action to encourage business growth, incentivize investment, and create an environment that will foster job retention.  Economic growth and development will help to pull our region out of this recession and create jobs and new economic opportunities for residents.  There is no time like the present to take measures that will ensure a prosperous future for all residents of New England.

The full Providence Business Journal article can be seen here.