Little improvement seen in Conn. economy in 2010

AP News
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Posted: Jan 04, 2010 3:46 PM

Two state economists say Connecticut's economy will improve little, if at all, in 2010.

Stan McMillen and Mark Prisloe of the Department of Economic and Community Development said Monday that the recession is the longest in 71 years. Twelve recessions since 1939 have lasted 20 months on average.

They say in the monthly Connecticut Economic Digest that the current recession has now lasted 22 months. McMillen and Prisloe also say job losses continue, though at a lower rate.

Unemployment in the state increased to 8.8 percent in October from 7.3 percent in January 2009.

Since March 2008, 85,400 jobs have been lost.

The two economists also say data show personal income will decline by 4.3 percent in Connecticut this year. That's double the previous estimate.