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News
Survey: Rising Costs Straining Connecticut Households » CBIA
1+ hour, 40+ min ago (269+ words) Rising costs and growing financial pressures are straining Connecticut households, according to a new survey released today, with half of residents reporting they are worse off financially than a year ago. Nearly nine in 10 residents say household expenses, including groceries,…...
US DOL Issues Unemployment for Striking Workers Warning » CBIA
2+ week, 1+ day ago (440+ words) The state of Washington was forced to overhaul a controversial new law allowing striking workers to collect unemployment benefits following a warning from the U.S. Department of Labor. The law, which took effect in January this year, waived the state’s rigorous…...
Report: Small Business Inflation Fears Climb » CBIA
3+ week, 2+ hour ago (451+ words) Renewed concerns about inflation are weighing on small businesses’ economic outlook and tempering hiring and investment plans according to a new report. The U.S. Chamber of Commerce’s Small Business Index Q2 2026, found that inflation is the top challenge for 57% of small…...
Survey: AI Anxiety Tops Employer Concerns » CBIA
3+ week, 5+ day ago (741+ words) U.S. employers are shifting their regulatory worries toward artificial intelligence and data privacy according to law firm Littler Mendelson’s annual employer survey. Littler’s 14th Annual Employer Survey shows AI concerns increasing even as immigration enforcement and workplace accommodation demands continue to strain…...
Slow Job Growth, Higher Spending Signal Budget Risks » CBIA
1+ mon, 1+ week ago (821+ words) Connecticut set a jobs record in June, with payroll employment reaching an all-time high of 1,726,500, according to the state Department of Labor’s monthly report. The positive results capped a first half of the year in which employers added 9,500 positions—8,600 more…...
Latest Tariffs Target State's Largest Trading Partners » CBIA
1+ mon, 2+ week ago (534+ words) A new wave of U.S. tariffs took effect July 24, hitting imports from about 60 of the country’s—and Connecticut’s—largest trading partners, including Canada, Mexico, the European Union, and the United Kingdom. The new tariffs, ranging from 10% to 12.5%, followed a series of…...
Labor Shortage: 'Losing a Town Every Year' » CBIA
1+ mon, 2+ week ago (751+ words) Employers added 1,500 jobs last month and 9,500 through the first half of the year—8,600 more than in all of 2025—with nonfarm payroll employment now at an all-time high. The manufacturing and education and health services sectors accounted for 84% of those new…...
CBIA Response to June 2026 Employment Report » CBIA
1+ mon, 2+ week ago (179+ words) The state’s largest business organization issued the following response to today’s release of the June 2026 employment report. “At the same time, the labor force—those working and actively looking for work—shrank by 11,300 people in May and is now down…...
Mismatch: Job Openings Grow, Labor Force Shrinks » CBIA
2+ mon, 6+ day ago (733+ words) Connecticut job openings jumped 2.6% in May to 87,356, led by growing demand in the healthcare, retail trade, and manufacturing sectors. State Department of Labor data shows the need for workers remains strong, while employers remain frustrated by the lack of skilled…...
What's Happening to Connecticut's Labor Force? » CBIA
2+ mon, 2+ week ago (486+ words) The May employment report offered the starkest example to date of the growing challenges facing Connecticut’s job market. Employers added a modest 500 jobs in May, with the monthly employment report showcasing the growing disconnection between job demand and labor supply....