Updated: Thursday, 17 Jan 2013, 11:12 PM EST
Published : Thursday, 17 Jan 2013, 5:27 PM EST
(WTNH) -- New job numbers are out for Connecticut and they show that this state is lagging behind other and the nation is creating jobs and pulling out of the recession.
"We don't seem to have a sense of business confidence and consumer confidence," Don Klepper Smith said.
Financial expert Don Klepper Smith analizes the latest unemployment numbers. He says they tell the story of a state that is unfriendly to business.
Farmington Bank CEO John Patrick believes that one reason the unemployment numbers are still high is tax hikes.
"Everybody got their paycheck over the last couple of weeks. Whether you made a half a million dollars a year or whether you made 10 dollars a year there is less in there and so that effected everybody and so people are still trying to figure out what the true ramifications of that is," Partrick.
John Patrick says at Farmington Bank many of their business customers have gotten by with the staff that they have and that they're cautious about expansion.
"While everybody wants to grow and they applaud the efforts of the things that are happening out there, the fact of the matter is that they are not hiring right now," said Patrick.
The governors office points at projects like the bio sciences buildings going up at UConn which will create thousands of jobs. They say it's seeds like that that will take time to grow and it will take time to turn the economy around here in Connecticut.
"We have programs for large companies, for small companies and start up and I think given time you will see results of this, you will see the economy grow and you already are but there is no question there is more ground to cover," said Andrew Doba Director of Communications.
Whether it's manufacturing or banking, business leaders say government regulations are not friendly to growth.
"I think I feel the same as a lot of other business owners do is that, tell me what the rules are and I will play the game. I don't know what the rules are because they're changing all the time," said Patrick.