When asked about their specific area, most businesses say the general business conditions are either excellent or good. Both measures show increases from the previous quarter. A third of businesses report they will increase the size of their workforce in Connecticut for the fourth quarter. It should be noted that these numbers reflect traditional holiday hiring in addition to general hiring increases. The labor situation is a major concern for Connecticut businesses.
Labor costs a concern.
The overall health of the U.S. and Connecticut economies, Their current level of satisfaction with the economy, Future expectations for the economy, Their confidence in the future of their own business, and Future expectations for the job market. Results are based on 403 telephone interviews conducted across the state. The interviews were conducted by trained interviewers from the CSRA research facility in Storrs, Connecticut between September 1st and 12th, 2000. Businesses surveyed in this study were scientifically selected from a list of all businesses in Connecticut. The list includes new businesses and older ones, businesses with only a few employees and those with many employees, and businesses with modest incomes and those with large incomes.