Changing World of Work Could Mean Opportunities for Connecticut’s Cities — Connecticut by the Numbers

“In the wake of the COVID-19 pandemic, tens of millions of employees — and their households — are now not tethered to a bodily workplace. According to Gartner, Inc., the share of information employees working remotely almost doubled between 2019 and 2021, and 16 p.c of firms worldwide at the moment are absolutely distant.According to Forbes, 17 p.c of paid job listings on LinkedIn in July 2022 had been for distant work listings, which drew a majority of purposes (54%), a steep rise from January 2020, when distant jobs made up simply 2 p.c of paid listings and attracted simply 3 p.c of candidates.”According to McKinsey’s May 2022 American Opportunity Survey, 58 p.c of Americans report having the alternative to do business from home at the very least at some point every week, and 35 p.c report having the choice to do business from home 5 days every week.”The report additionally identified that “the shift towards distant work has not solely modified the means particular person households reside and work, but in addition how governments method financial growth. Where as soon as policy-makers needed to battle to draw complete firms (and even industries), right this moment governments — in addition to their vacation spot advertising and marketing group companions — should take into account learn how to recruit people and households who can work remotely and the way to make sure that the advantages of distant work are felt by the wider neighborhood.”An article earlier this yr on the web site wayviator.com identified that “ Cities used to must depend upon the energy of… native employers, native jobs, and native industries when selling their area as a spot to reside and work. Now, the supply of jobs and revenue has been radically uncoupled from literal bodily proximity. Any city or area can promote itself as a terrific place to reside  by itself deserves.” The largest metropolis in Connecticut, based on printed reviews, is Bridgeport, with a inhabitants of 148,333. Bridgeport is the 183rd largest metropolis in the US. The second largest metropolis is Stamford, with a inhabitants of 136,309, and is the 204th largest metropolis in the US.  New Haven, Hartford and Waterbury, finishing Connecticut’s prime 5 by inhabitants, every with greater than 100,000 residents, are decrease down the nationwide population-ranked record.Connecticut’s Economic Development Action Plan, finalized a yr in the past in September 2021, rests on 4 pillars:  Workforce – Broaden the base of expert employees to fulfill rising trade demandCommunities – Attract and retain expertise by investing in vibrant and inexpensive communities for allInnovation – Support development and generate inclusive financial alternative inside CT’s most revolutionary and specialised industriesBusiness Environment – Improve CT’s atmosphere and status for beginning and rising companiesThe state’s Workforce Strategic Plan notes that 26% of Connecticut’s labor power is age 55+ and more likely to retire quickly, in comparison with 22% nationally, and factors out that Connecticut ranks 4th in the nation for superior levels amongst the 25+ inhabitants.The web site of the Metro Hartford Alliance signifies that “Success will depend on expertise. One of the MetroHartford Alliance’s prime priorities is recruiting and retaining proficient people of all ages to contribute to the Hartford Region.”When the editors at U.S. News & World Report sifted via the job market, salaries, housing costs, unemployment price, air high quality, and quite a few different knowledge to tally their record of 150 Best Places to Live, printed this previous Spring, Hartford ranked No. 47 in the 2022-2023 rating, up six slots from the journal’s 2021 survey. New Haven, No. 114 in the present rankings, fell three rungs from final yr’s rankings.  In the journal’s rankings for Best Places to Live for Quality of Life, Connecticut’s Capital City ranked #11 nationally.

https://ctbythenumbers.news/ctnews/changing-world-of-work-could-mean-opportunities-for-connecticuts-cities

Recommended For You