jobs

Electric Boat

Electric Boat expects to hire more than 500 extra employees as it gets ready to work on the largest contract ever awarded by the U.S. Navy. The workforce can still expect pain in the short term.

The contract for ten Virginia class submarines represents five years of steady work building two submarines a year at the Groton yard, something that's been hard to come by in recent decades.

Steven Depolo / Creative Commons

After decades of stagnant incomes, the inability to save, and disappearing pensions, 75 percent of Americans nearing retirement have less than $30,000 saved, which won’t last long. One third of Connecticut residents are baby boomers -- a big demographic that is headed straight towards retirement. In fact, Connecticut’s population of 65 and up is growing ten times faster than the general population.

Chris Lewis / Creative Commons

About half of Connecticut's residents would move to a different state if given the chance, according to a Gallup poll conducted in all 50 states last year.

Until recently, Mike Smith, 64, of Long Beach, Calif., worked 11 hours a day, Monday through Friday and then half a day on Saturday. He was a district manager for a national auto parts chain.

He dreamed of retiring early, but it wasn't an option for him because he and his wife relied on the health insurance tied to his job.

"At our age, with some pre-existing medical conditions, it would have been very costly to buy insurance on the open market — about $3,000 a month," he says.

David Butler II / Butler Photography, LLC

As World War II came to a close, manufacturing in Connecticut employed close to half the state's working population. Now it accounts for only eleven percent of employment. That dramatic decline over half a century is due to one irresistible force: off-shoring, and the loss of work to cheaper labor markets in Asia. But that force may not be so irresistible after all.

SpaceX will launch an official protest against the Air Force for its no-bid national security launch contracts to Boeing and Lockheed, SpaceX CEO Elon Musk said in a televised press conference.

He said his company thought the process was "unfair" and that he wanted to shine a light on the process.

"As I've said, sunlight is the best disinfectant. If everything's fine, then I guess that's great," Musk said. "But that seems unlikely to me."

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Connecticut's historic Ovation guitars will no longer be made in the state. The New Hartford factory will close this summer.

Lydia Brown / WNPR

This hour, we kick off our year-long Made in Connecticut series with a conversation about keeping jobs in and bringing jobs back to Connecticut. Last week, Senator Chris Murphy joined us, along with WNPR’s Harriet Jones, and some folks from the local manufacturing industry, to take an in-depth look at the present and future of manufacturing in our state.

Can our state be home to a boom of reshored jobs? How can we keep the skilled manufacturing jobs we already have?

Connecticut lawmakers are again trying to ban discrimination against unemployed job seekers. Advocates say the problem has not gone away even though the jobless rate has fallen from 9.5 percent in November 2010 to 7 percent in February. A similar proposal failed in 2012. The legislation would prohibit employers from mentioning in a job ad that being unemployed disqualifies an applicant.

Harriet Jones / WNPR

A new analysis says large companies that allow their workers to rely on state assistance could be heavily penalized by a law currently being considered by the state legislature.

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Connecticut’s manufacturers have a lot more confidence in the future of their companies, according to a new survey. But they're more cautious about the future of the state.

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State officials are to announce today that Connecticut’s first P-TECH model school will open in September.

P-TECH stands for Pathways in Technology Early College High School, and by the start of the next academic year there will be about 27 of these schools across the country.

The first slice of data about job growth in March offers some hope that the U.S. labor market gained some strength:

President Obama travels to Michigan Wednesday to tout his proposal to boost the minimum wage.

Raising the wage to $10.10 an hour is one of the top agenda items for Obama and his fellow Democrats during this mid-term election year. The White House says the move would put more money in the pockets of some 28 million workers.

One test of that strategy will be in Arkansas, where proponents are trying to put a minimum wage increase on the ballot in November. Arkansas has some of the lowest wages in the country and it's also home to one of the most vulnerable Senate Democrats.

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Three quarters of Americans nearing retirement have saved less than $30,000 for their retirement years, according to data from the New School for Social Research. Decades of stagnant incomes, an inability to save, and disappearing pensions are part of the reason.

One third of Connecticut residents are baby boomers, and state legislators are proposing a program to help them do a better job preparing for retirement.

Steven Depolo / Creative Commons

After decades of stagnant incomes, the inability to save, and disappearing pensions, 75 percent of Americans nearing retirement have less than $30,000 saved, which won’t last long. One third of Connecticut residents are baby boomers -- a big demographic that is headed straight towards retirement. In fact, Connecticut’s population of 65 and up is growing ten times faster than the general population.

Chion Wolf / WNPR

President Obama has congratulated Connecticut for becoming the first state to officially endorse his goal for the minimum wage. The General Assembly on Wednesday night passed a bill that will raise the wage to $10.10 an hour by 2017.

Americans United for Change

The Connecticut General Assembly passed a bill that would raise Connecticut's minimum wage to $10.10 an hour by 2017. The legislation makes the state the first in the nation to endorse President Barack Obama's goal for the national minimum wage.

Republican senators offered a variety of amendments to the bill, but all were been defeated.  

Connecticut officials are discussing final efforts to enroll residents in health insurance plans before next week’s deadline. Governor Dannel Malloy and Lt. Gov. Nancy Wyman appeared at the First Choice Health Center in East Hartford today along with Kevin Counihan, CEO of the state’s insurance marketplace, Access Health CT.  Those who don’t sign up will have to pay $95 or 1 percent of their income, whichever is greater.

If you didn't know any better (or you got confused about what year it was), you might think Vice President Biden was back on the campaign trail, kissing grandmothers, slapping guys on the back and borrowing a woman's phone to razz her son about a basketball game.

Biden returned Tuesday to the familiar campaign grounds of New Hampshire for the first time since October 2012. And he swears he made the trip not to stake out ground for a presidential run, but rather to check out how the statewith the nation's first presidential primary helps match the unemployed with jobs.

A new analysis from UConn claims that Connecticut may suffer some real economic pain from the minimum wage increase that went into effect this year.

The Jackson Laboratory

Connecticut officials have welcomed a report on the progress of the Jackson Laboratory site in Farmington. Jackson Labs said its new facility is on schedule and on budget.

Harriet Jones

The latest employment report from the state Department of Labor showed a hopeful pick-up in job creation in Connecticut last year. But it also revealed a big loss in jobs in the first month of this year.

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Youth unemployment has persisted at record levels since the recession, in Connecticut and around the nation. That’s the finding of a new study which takes a look at the issues of young people trying to enter the workforce in the last decade.

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Legislators want to create a state-sponsored retirement plan for private sector workers in Connecticut. A bill before lawmakers would task the state treasurer with administering a low-cost plan that residents could pay into. 

On Thursday, President Obama rolled out his plan for strengthening overtime pay protections for millions of workers. In his view, if more workers got fatter paychecks, they could spend more and stimulate the economy.

But if his critics are right, then employers would end up laying off workers to make up for the higher wage costs. And that would hurt the already painfully slow recovery.

Which scenario is right?

Pratt and Whitney

The deal offered to United Technologies to redeem extra tax credits could be extended to other corporations in Connecticut. A legislative hearing Monday revealed more details about the huge economic development agreement.

Harriet Jones

The state's poor business climate is a perennial complaint for Connecticut's largest business organization. And now it's launched a campaign to make it an urgent priority. 

This post has been updated.

The nation's unemployment rate edged up to 6.7 percent in February from 6.6 percent the month before, but employers added more jobs than expected, the Bureau of Labor Statistics said Friday.

According to BLS, the number of jobs on public and private payrolls grew by 175,000 last month — about 25,000 more than economists had expected.

Chion Wolf / WNPR

President Barack Obama came to Connecticut on Wednesday to push for an increase in the federal minimum wage to $10.10 an hour. He spoke to a friendly crowd at Central Connecticut State University this afternoon telling them, "It's time to give America a raise."

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