The state's minimum wage increase takes effect today. The one-dollar hike brings the minimum wage in Connecticut to 14-dollars and hour. It's part of a five-year process that began in 2019. The law calls for the wage to cap out at 15-dollars next year, then beginning in 2024 the rate will grow along with economic indicators like inflation.
Meantime, all is not well with the Connecticut economy. A new report hows it contracted by one point four percent.
The U.S. Bureau of Economic Analysis report shows that only New Jersey's economy shrank faster than Connecticut's among Northeast states in the first three months of the year.
It also indicates that Connecticut's economy was in the bottom third of the country in economic growth for all of last year.
The U.S. Department of Labor is also reporting that Connecticut was towards the top of the country in new unemployment claims in the third week of June.
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