TABLE OF CONTENTS
                                                                                                                                         Page
INTRODUCTION .......................................................................................................................  2
GENERAL CHARACTERISTICS ............................................................................................  3-16
Census Information ...............................................................................................................  3
Population Projections ..........................................................................................................  8
Housing ...................................................................................................................................  11
EMPLOYMENT PROFILE ........................................................................................................  17-28
Employment Estimates .........................................................................................................  17
Nonagricultural Employment .............................................................................................  18
Manufacturing Employment ...............................................................................................  21
Nonmanufacturing Employment ........................................................................................  24
Unemployment Rate .............................................................................................................  28
SECTOR ANALYSIS ..................................................................................................................  29-76
Energy .....................................................................................................................................  29
Gasoline Consumption and Automotive Fuel Economy .................................................  39
Export Sector ..........................................................................................................................  44
Connecticut’s Defense Industry ..........................................................................................  53
Retail Trade in Connecticut ..................................................................................................  58
Small Business in Connecticut .............................................................................................  63
Nonfinancial Debt .................................................................................................................  66
Savings by U.S. Households ................................................................................................  71
      
PERFORMANCE INDICATORS .............................................................................................   77-96
Gross Product .........................................................................................................................  77
Productivity and Unit Labor Cost .......................................................................................  80
Value Added ..........................................................................................................................  81
Capital Expenditures ............................................................................................................  83
Total Personal Income ..........................................................................................................  83
Per Capita Personal Income .................................................................................................   87
Per Capita Disposable Personal Income.............................................................................   89
Inflation and Its Effect On Personal Income ......................................................................  90
Real Personal Income ............................................................................................................  91
Real Per Capita Personal Income ........................................................................................  93
Cost of Living Index ..............................................................................................................  94
MAJOR REVENUE RAISING TAXES ....................................................................................  97-114
Personal Income Tax .............................................................................................................  98
Sales and Use Tax ..................................................................................................................  103
Corporation Business Tax ....................................................................................................  106
Motor Fuels Tax .....................................................................................................................  108
Other Sources .........................................................................................................................  110
ECONOMIC ASSUMPTIONS OF THE GOVERNOR'S BUDGET ..................................  115-129
The Foreign Sector .................................................................................................................  115
The United States Economy .................................................................................................  118
The Connecticut Economy ...................................................................................................  121
REVENUE FORECAST ..............................................................................................................  130-135
IMPACT OF THE GOVERNOR'S BUDGET ON THE STATE'S ECONOMY ...............  136-144
APPENDIX ...................................................................................................................................  A1-A16
Connecticut Resident Population Census Counts  ..................................................................  A1–A4 Major U.S. and Connecticut Economic Indicators ...................................................................  A5-A16 1. U.S. Economic Variables ....................................................................................................  A5 2. U.S. Personal Income .........................................................................................................  A6 3. U.S. Personal Income and its Disposition .......................................................................  A7 4. U.S. Employment and the Labor Force ...........................................................................  A8 5. U.S. Consumer Price Indexes ...........................................................................................  A9 6. Connecticut Personal Income ...........................................................................................  A10 7. Connecticut Deflated Personal Income ...........................................................................  A11 8. Connecticut Manufacturing Employment ......................................................................  A12 9. Connecticut Nonmanufacturing Employment ..............................................................  A13 10. Connecticut Labor Force & Other Economic Indicators ...............................................  A14 11. Connecticut Analytics ........................................................................................................  A15 12. Major Connecticut  Regional Economic Indicators- Personal Income ........................  A16
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