Good news comes this month in terms of the recovering economy. Our friend, Nicholas Perna, of Webster Bank released his hopeful May/June newsletter . Perna informs us that jobs are beginning to recover! While productivity has slowed, that only means businesses will have to ramp up hiring even if the GDP continues to grow. “This seems to have already started, with payroll jobs increasing well over 200,000 during each of the past few months,” said Perna. If the job market grows, the housing market is predicted to grow as well. Below is the National Recovery Scorecard for May/June. The rest of Perna’s newsletter can be found here: Economic Review by Nick Perna
Other good news comes this week for employment from UCONN’s Center for Continuing Studies. Their study took a look into the nonprofit sector of employment in the state. The nonprofit sector employs 10% of Connecticut’s workforce, approximately 150,000 jobs. Of the Greater Hartford nonprofit organizations surveyed, 77% expect to be hiring within in the next year. For a list of nonprofit organizations in Ridgefield, view the Chamber directory!