Middletown Planning, Conservation & Development Newsletter- May 24, 2010
MIDDLETOWN MAY 2010 STATISTICS
↑ Local Economy- Unemployment notched lower by 0.3%. Middletown added 69 new jobs in March, but 103 additional people were added to the labor force looking for work. Number of positions that firms are trying to fill with people increased by 1% in April, but regionally the number decreased slightly, after three months of strong growth (Middletown Employment Index) from +1 in November 2009 to +14 in March 2010.
↔ Housing- Sales are up, but prices lower than a year ago for both Single Family homes and condos. Prices when compared to rental prices show that home values are fairly priced. Any further drop in home prices would indicate bargain prices that could attract buyers once employment recovers. 31 of the 55 were initiated by the City of Middletown.
↑ Web Presence- With 84% increase in the search terms “Middletown Connecticut”, our community increase its presence on the web. Rising search terms, show that Esca restaurant should be a hot culinary spot in the area it is Google search trends are anything to the restaurant by. People are also flocking the Destinta Theater, possibly a recession bump. Search volumes for Middletown have also out paced previous months.
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