18 Hartford Business Journal • decemBer 28, 2015 www.HartfordBusiness.com
BOOK OF LISTS 2015-2016
Scorecards
SCORECARDS
Here is a quick snapshot of what four Connecticut economists and business
professors think will happen to the state's economy in 2016.
Edward Deak
What's your 2016 economic
outlook for Connecticut?
Moderate Growth
How many jobs will
Connecticut add/lose?
+12,000, but many potential
job losses (from General
Electric, ESPN, related to
mergers involving Aetna,
Cigna and Pfizer, etc.)
threaten to limit CT job
gains in 2016.
What will Connecticut's
unemployment rate be at
the end of 2016?
5%, slow growth in labor
force will help keep rate
from rising, with combi-
nation of dropouts and
retirements.
What type of GDP growth
will CT see in 2016?
1.5% - 2%
Which industry will add
the most jobs?
The largest job sector is
education and health care
so it should have the most
absolute number of new
jobs but at a slower annual
rate of gain vs. past years.
Other industry gainers
will be retail, leisure and
hospitality.
Which industry will lose
the most jobs?
Local government and
manufacturing are the most
likely sectors to lose jobs.
Manufacturing declines
would be due to strong U.S.
dollar that restricts exports,
and local government
losses would be a result of
casino job losses and slow
revenue gains that limit hir
-
ing of new workers for local
government.
Edward Deak
CT model manager, The New England Economic Partnership
Andy Condon
What's your 2016 economic
outlook for Connecticut?
Moderate Growth
How many jobs will
Connecticut add/lose?
+16,000
What will Connecticut's
unemployment rate be at
the end of 2016?
4.9%
What type of GDP growth
will CT see in 2016?
2.2%
Which industry will add
the most jobs?
Health care/social
assistance
Which industry will lose
the most jobs?
Information
Andy Condon
Director, office of research, Connecticut Department of Labor
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