MIDDLETOWN NOVEMBER STATISTICS REPORT
↑ Local Economy- Unemployment dropped 0.5% to 7.9%, the first time unemployment has dropped below 8% since December 2009. This month two new matrixes are introduced, measures of Middletown’s innovativeness and creative economy. Tradename registrations are up 23% over 2009. Job opportunities retreated from September, but are at a level that should help either control the unemployment rate or reduce it. Using counts of patents, Middletown is twice as innovative as the state and the country as a whole. Using a search algorithm to identify creative industries web pages updated in the past 30 days. Compared to towns similar in size to Middletown, on a per capita basis Middletown has a creative economy that is 40% larger than its peers. Compared to the top ten most populous Connecticut cities, Middletown on a per capita basis is 55% smaller.
↓ Housing- Housing is sending mixed signals either indicating a bottom or some additional declines. The “robosigning” foreclosure scandal may be behind the 68% drop in foreclosures from last month. Foreclosures have been this low since before 2008. Building permits are up 23% for the same period of 2009.
↓ Web Presence- All measures show reduce presence on the web for Middletown.
For full report go to: http://www.middletownplanning.
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