Report: state climbs a notch in economic performance
Wednesday, December 26, 2018
The state’s economy edged up slightly from 40th to 39th place during 2017, but it remains one of the last states still coming out of the great recession, according to the state Department of Labor.
The DOL report, issued last week, found that Colorado had the best overall economy in 2017, the most recently available data, while Alaska scored at the bottom.
Connecticut’s rating of 128.7 was its best score in seven years, but still below the U.S. value of 139.1, according to the report. The report examined each state and Washington, D.C. using quarterly census employment and wages program, annual average unemployment rates from local statisticts. The indexes provide a measure of economic strength of each state that can be compared and ranked.