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Connecticut Private Sector Job Gains Above Average in Q4 2020

  • Connecticut private sector experiences net gain of 9,697 jobs in the fourth quarter of 2020, well above historic norms
  • Increase is driven by economic recovery from the COVID-19 pandemic, although it marks a significant slowdown from the third quarter of 2020
  • Business closings in Connecticut were outnumbering openings in the lead-up to the pandemic, and data is not yet available on the number of business losses caused by the pandemic recession
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Robotics Account for Fraction of Business Equipment Expenditures, Concentrated in Manufacturing

  • Census Bureau’s latest data from the Annual Capital Expenditures Survey finds that robotic equipment purchases made up just 0.7 percent of all business equipment expenditures in 2019
  • The retail, manufacturing, and health care and social assistance sectors accounted for the vast majority of these purchases
  • Manufacturing accounted for nearly two-thirds of all robotic equipment purchases
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Connecticut Minimum Wage Set to Increase to $13 an Hour on Sunday

  • Connecticut’s minimum wage increasing from $12 an hour to $13 an hour on Sunday
  • State minimum wage has been going up annually since legislation passed in 2019 to gradually increase the rate to $15 an hour
  • The minimum wage remains lower for certain employees
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Connecticut DPH Recommends Resumption of Indoor Mask Wearing in Three Connecticut Counties

  • Connecticut Department of Public Health strongly recommends that people in Hartford, New London, and New Haven counties resume indoor mask wearing in public places, regardless of vaccination status
  • Recommendation is in line with guidance from the Centers for Disease Control that people in counties considered at substantial or high risk of COVID-19 transmission
  • Guidance comes in response to the spread of the Delta variant of COVID-19, which in rare cases can infect and be transmitted through vaccinated people
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Business News Roundup, July 30, 2021

A concerning report on the Delta variant, increased consumer spending, challenges for child care businesses and restaurants, new mask rules for some parts of Connecticut, and projections on Connecticut's recreational cannabis tax revenue are among the top business news items…

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Businesses Take a Firmer Stance Against Rudeness Amid Customer Frustrations and Worker Abuse

  • Businesses have been coping with an increase in customer rudeness due to challenges created by labor and supply shortages
  • Stress caused by interaction with abusive customers is one factor that has caused employees to quit their jobs
  • Businesses are asking customers for patience, but also stepping up to show appreciation for employees and warn that rude customer behavior won’t be tolerated
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Survey by Online Games Site Suggests Workers Take 2.7 Hours of Breaks During the Workday

  • Survey finds that workers spend much more time away from their daily tasks than anticipated
  • While the average respondent believed they only took 42 minutes for breaks, the figure increased to 2.7 hours when factoring in other factors unrelated to work
  • Many small breaks are essential, but others may be more concerning for employers
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Share of Small Businesses Receiving Federal Contracts Slips Even as Contract Awards Hit Record Levels

  • SBA announces that a record $145.7 billion in federal contracts were awarded to small businesses in the 2020 fiscal year
  • Despite the increase in funding, the share of small business contracting fell slightly from the 2019 fiscal year
  • SBA Administrator Isabella Casillas Guzman said the administration is working to improve contracting opportunities and make them more equitable
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Cybersecurity Startups Seeing Greater Demand as Small Businesses Urged to Improve Protections

  • Investments in cybersecurity companies pick up after high-profile breaches earlier this year
  • Investors have put $12.2 billion into these businesses so far this year, more than double what was invested in 2016
  • The White House is urging the private sector to ramp up their cybersecurity efforts
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Business News Roundup, July 29, 2021

The recovery of U.S. GDP, continued easy money policies from the Fed, an infrastructure agreement advance, jobless claims creep down, a push to increase domestic contracting, and grant funds for Connecticut nonprofits are among the top business news items this…

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