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Four annual average town economic indicators were used as components, which are total covered business establishments, total covered employment, inflation-adjusted covered wages, and the unemployment rate.Establishments are the physical work units located in the municipality.The projections suggest a slowing of population growth but do not show an exodus of young people from Connecticut.
Focusing on the most recent 15 year period and comparing it to the next shows a similar pattern.[ read more ] ightly or wrongly, Connecticut's job growth performance is often talked about in the context of "winning" or "losing" to other parts of the country.This article uses the location quotient measure to begin to address this issue by using national Quarterly Census of Employment and Wages (QCEW) data to measure relative job growth from and to Connecticut over time.These indexes provide a measure of the overall economic strength of each state that can be compared and ranked. [ read more ] he Connecticut Town Economic Index (CTEI) showed the state's cities and towns experienced further economic improvement in 2016, though at a slower pace than in 2015.Four annual average state economic indicators were used as components: 1. CTEI: Methodology: The CTEI was introduced two years ago and is being released annually.