A recent piece from WNPR.org highlights the creative destruction of the manufacturing industry within Connecticut. As the article by Harriet Jones notes, manufacturing has had it tough in the last three years. Since 2010, the sector has seen a net decline in employment of about 4,000 jobs in Connecticut. But that number masks the fact that there’s been tremendous turnover in the industry — about 40,000 jobs have been created in that time, and just as many lost. Patrick Flaherty is an economist with the state Department of Labor. “The economy is very dynamic,” he said, “and there are companies that are going out of business all the time, unfortunately, but new companies are starting all the time, which is great.”
The article goes on to point out that the dollar value of what’s produced in the state has increased even as employment has declined; this is due to productivity gains and innovations.
Despite current unemployment rates, many companies report finding skilled workers is a challenge, as the workforce pipeline isn’t creating the right mix of skills.
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