2019 State of Connecticut Business Sector Scorecard ~ Labor Market Information

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2019 State of Connecticut Business Sector Scorecard ~ Labor Market Information

Last Updated: February 19, 2020

	2019 Connecticut Business Sector Scorecard	Seasonally / Not Seasonally Adjusted	Select Year >>
	The health of the business sector will affect, among other things, the ability of firms to hire workers and, particularly in regard to businesses selling their goods and services outside the State, the ability to increase the State’s income through exports. There are several indicators that provide a picture of the business sector's vital signs. The levels, changes from the previous period and year-to-year changes of Housing Permits give not only a reading of the State’s construction sector, but also of the financial sector, particularly in terms of mortgage-lending activity, and ultimately, consumer spending on durable goods and services related to the purchase of a new house. Air Cargo Tons (Discontinued Sept 2014) and the value of Connecticut Exports (collected quarterly before 2004) gauges the ability of Connecticut businesses to compete in the world market. The Connecticut Manufacturing Production Index (CMPI) and Average Manufacturing Weekly Hours (AMWH) provide a measure of the State’s manufacturing activity, while the strength of the entertainment and tourism sectors is reflected in the Gaming Slots Revenues, Major Attraction Visitors, and Air Passenger Count.

	Scorecard Home		Business Trends 2001-2019		Download Business Data 2001-2019		2019 Business Print Version

Housing
Permits

Month	2018	2019

Jan	342	278

Feb	470	310

Mar	321	491

Apr	290	721

May	383	341

Jun	413	336

Jul	494	435

Aug	349	376

Sep	269	478

Oct	439	1,136

Nov	354	561

Dec	525	44

Connecticut
Exports (000)

2018	2019

1,135,799	1,534,127

1,063,935	1,355,327

1,538,521	1,488,806

1,490,803	1,368,232

1,643,860	1,293,530

1,568,796	1,387,043

1,279,819	1,130,718

1,594,880	1,229,116

1,496,184	1,392,520

1,702,746	1,281,304

1,448,648	1,352,834

1,439,397

Gaming Slots
Revenue (000)

2018	2019

984,414	880,376

1,019,842	947,365

1,198,920	1,117,529

1,129,525	996,666

1,098,911	1,056,471

1,111,442	1,003,861

1,198,530	1,049,474

1,154,479	1,103,152

1,055,863	984,116

983,304	958,404

1,009,986	996,125

1,105,992	953,743

Major Attraction
Visitors

2018	2019

246,193

272,287

340,286

519,226

555,446

720,108

Air Passenger
Count

2018	2019

469,205	537,511

464,795	468,931

548,408	580,840

579,659	612,102

576,626	612,306

569,521	582,381

621,072	603,144

634,691	606,637

513,085	520,470

583,992	582,896

568,288	543,677

537,511	564,833

CMP
Index

2018	2019

85.4	95.9

94.2	90.7

91.0	95.4

90.1	92.0

111.3	96.3

84.1	94.5

98.9	105.1

107.0	99.1

97.8	96.8

99.2	96.8

95.2	96.5

91.8	91.3

Average Manu.
Weekly Hours

2018	2019

40.3	42.5

40.9	41.5

39.7	41.7

40.8	42.8

41.0	42.5

40.5	42.6

41.2	42.0

40.9	41.6

41.6	41.9

42.2	42.4

42.3	42.4

43.9	43.0

2019 Business Scorecard
[(Up/Total)-(Down/Total)]x100=Net%

Total	Up	Down	NC	Net %

6	4	2	0	+33%

6	3	3	0	0%

6	4	2	0	+33%

6	4	2	0	+33%

6	2	4	0	-33%

6	3	3	0	0%

6	2	4	0	-33%

6	2	4	0	-33%

6	2	4	0	-33%

6	2	4	0	-33%

6	2	4	0	-33%

5	1	4	0	-60%

State of Connecticut Department of Labor - Office of Research, 200 Folly Brook Boulevard, Wethersfield, CT 06109