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Good News, Bad News
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Business New Haven
12/11/2000
By: BNH
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HARTFORD - The Connecticut Technical Employment Report for the third quarter, released last month by RJS Associates of Hartford, gives cause for renewed optimism about the state's economy. Compared with the same period a year ago, job orders were up 28 percent this year, revenues grew by 25 percent, and jobs filled rose ten percent.
“While some of the large, highly visible dot.com companies cut their staffing levels in the third quarter, many smaller dot.coms continued to grow and create new positions, especially in the area of software development,” said RJS President Richard J. Stewart. RJS also charted strong demand for information systems personnel at traditional large financial institutions. Hiring in environmental services and biomedicine also remained strong, the report said.
On the down side, RJS also charted a slowdown in the insurance industry. Effective January 1, 2000, new federal laws on the pricing of term life insurance took effect. This created a flurry of insurance sales in the fourth quarter of 1999, reducing demand thus far in 2000.
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