Fixing Our Future
Focus for Members in Industry.
Position Out of the Shadows
Marien + Company, LLC
Economist and Director of Research
for DataCore Partners, LLC
Members in Industry kept CSCPA's
"Fixing Our Future" initiative rolling with
yet another presentation from CSCPA
an update on the state's economy from
economist Donald Klepper-Smith.
director of research for DataCore
Partners, LLC, told the Friday Focus
group that "Connecticut has actually
had job growth of about one half of
one percent, or 10,600 jobs ... and the
data show that corporate profits are
up 30 percent.
recovery, because we don't see the job
growth we normally associate with eco-
nomic recovery. Tax income [to the
state] is not going to be coming back as
in previous recoveries ... nor are jobs.
ability to recover, as we're all doing
more with less, so it's taking longer and
longer to get back the jobs we've lost...
today we're looking at `just-in-time'
employees, so we've seen a 26 per-
cent rise in temporary employees.
out, but will come back in nickels and
dimes. The lending environment we
have right now, in a word, is `cautious.'
not being strategic about it, and if
we're not strategic and proactive
about our economic future, it can slip
through our hands," Klepper-Smith
warned the audience.
reprise of the presentation she has
(see related story on page 10).