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 In the News » Moody’s reclassifies recession in Hartford and Norwich-New London regions logo Image: In the news collage

Moody’s reclassifies recession in Hartford and Norwich-New London regions

“It would be nice if it were true,” said Edward Deak, an economics professor at Fairfield University, “but the May numbers were particularly good-looking for Connecticut. Then you look into June, and there were 4,800 jobs lost.” Throw in possible job losses at Pratt & Whitney and the Obama administration’s move to cease production of additional F-22 fighter jets, Deak said, “and we’re looking at a substantial upheaval in production and employment in the Hartford area.”

Published in Hartford Courant on 7/25/09

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