Connecticut Department of Labor's Office of Research

Labor Market Information - Financial Activities Sector State of Connecticut

Last Updated: July 18, 2024

Financial Activities Sector ~ State of Connecticut

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1 Month Ago				1 Year Ago				January 2010 Recession Trough				March 2008 Employment Peak
Jun 2024	May 2024	Change	Rate %	Jun 2024	Jun 2023	Change	Rate %	Jun 2024	Jan 2010	Change	Rate %	Jun 2024	Mar 2008	Change	Rate %
119,300	118,600	700	0.6%	119,300	118,700	600	0.5%	119,300	134,900	-15,600	-11.6%	119,300	144,500	-25,200	-17.4%

The financial activities sector is made up of two parts: the finance and insurance sector (sector 52), and the real estate and rental and leasing sector (sector 53). The finance and insurance sector comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities are identified:

Raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities.
Pooling of risk by underwriting insurance and annuities.
Providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs.

The real estate and rental and leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. This sector also includes establishments primarily engaged in managing real estate for others, selling, renting and/or buying real estate for others, and appraising real estate. The main components of this sector are the real estate lessors industries; equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works).

Month	2015	Y/Y	2016	Y/Y	2017	Y/Y	2018	Y/Y	2019	Y/Y	2020	Y/Y	2021	Y/Y	2022	Y/Y	2023	Y/Y	2024	Y/Y
Jan	129,600		130,100		128,700		126,400		124,000		122,700		119,000		118,700		118,500		118,100
Feb	129,800		130,000		128,300		126,300		124,000		122,700		118,900		118,700		118,400		118,500
Mar	129,900		130,300		128,100		126,000		123,700		122,300		119,000		118,800		118,400		118,300
Apr	130,100		130,200		128,200		125,600		123,800		119,500		117,900		118,700		118,400		119,000
May	130,400		130,000		128,300		125,600		123,600		119,200		117,700		118,800		118,500		118,600
Jun	130,300		129,600		128,300		125,600		124,100		119,200		117,400		118,400		118,700		119,300
Jul	130,200		129,200		128,000		125,200		124,100		119,100		117,300		118,500		118,300
Aug	130,200		129,200		127,700		125,000		124,000		119,400		117,200		118,300		118,600
Sep	130,100		129,200		127,500		125,100		123,600		119,500		116,800		118,500		118,500
Oct	130,100		129,000		127,300		125,000		123,600		119,300		118,200		118,400		118,300
Nov	130,100		128,700		126,800		124,800		123,300		119,200		118,600		118,400		117,800
Dec	130,000		128,400		126,700		124,600		123,000		118,800		118,600		118,500		117,500

Month	2005	Y/Y	2006	Y/Y	2007	Y/Y	2008	Y/Y	2009	Y/Y	2010	Y/Y	2011	Y/Y	2012	Y/Y	2013	Y/Y	2014	Y/Y
Jan	141,200		143,700		145,600		143,800		140,800		134,900		136,100		133,700		132,400		128,900
Feb	141,500		143,500		145,200		144,100		140,200		135,000		136,100		133,500		131,900		128,700
Mar	141,200		143,500		144,600		144,500		139,700		135,000		135,700		133,500		131,500		128,300
Apr	142,300		143,800		145,200		144,200		138,500		134,800		135,600		133,500		131,400		128,300
May	142,000		143,900		144,900		144,000		138,000		134,800		135,400		133,500		130,500		128,600
Jun	142,200		143,900		145,100		144,000		137,100		135,000		134,400		133,500		130,800		128,400
Jul	142,700		144,200		144,800		143,400		136,700		135,200		135,100		133,100		130,600		128,600
Aug	142,600		144,400		144,400		143,600		136,300		135,700		135,000		132,800		130,300		128,700
Sep	142,600		144,500		144,300		143,100		136,100		135,300		134,400		133,000		129,700		128,900
Oct	142,900		145,000		144,000		142,200		136,100		135,400		134,000		132,700		129,300		129,100
Nov	142,900		145,300		143,600		142,200		136,000		135,600		134,100		132,300		129,200		129,200
Dec	143,300		145,200		143,700		141,600		135,600		135,700		133,800		132,100		129,200		129,300

Month	1995	Y/Y	1996	Y/Y	1997	Y/Y	1998	Y/Y	1999	Y/Y	2000	Y/Y	2001	Y/Y	2002	Y/Y	2003	Y/Y	2004	Y/Y
Jan	130,900		128,600		127,700		133,900		140,100		141,800		142,700		143,400		143,200		140,900
Feb	130,700		129,400		128,800		134,400		140,000		142,200		142,700		143,100		142,800		140,700
Mar	130,600		129,400		128,900		135,200		139,700		142,500		142,700		142,800		142,400		140,600
Apr	131,700		128,700		129,300		134,300		140,700		142,300		142,800		142,300		143,500		140,300
May	131,900		128,500		129,900		134,800		140,800		142,500		142,900		142,500		143,700		140,500
Jun	132,000		128,100		128,600		135,400		140,900		143,100		143,100		142,100		143,400		140,300
Jul	133,900		127,900		129,300		138,600		141,100		143,700		143,300		142,400		142,800		140,300
Aug	134,000		128,000		129,900		139,000		140,900		143,800		143,400		142,400		142,600		140,700
Sep	134,500		127,400		130,900		139,200		141,200		143,700		143,100		142,600		142,500		140,600
Oct	132,700		129,200		132,500		139,400		141,400		143,600		142,900		142,400		142,000		140,800
Nov	132,900		129,500		132,600		139,700		141,400		143,500		142,900		142,900		141,700		141,000
Dec	132,700		128,600		133,500		139,800		141,500		143,600		142,700		142,700		141,700		140,900

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