Labor Market Information - Archived 2008 Workforce Sector Scorecard

2008 Workforce Sector Economic Scorecard - State of Connecticut

Benchmarked March 2013

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Taken together, this group of six economic indicators

Detailed description of the workforce scorecard indicators and resulting score

presents an overall picture of the current conditions in the Connecticut labor market. Current levels and the change from the previous period, as well as the year-to-year changes in the number of nonfarm employment jobs #1, residents employed #2 and residents unemployed #5, the unemployment rate #4, the size of the labor force #3, and the average weekly initial claims #6 - the number of those filing initial, new and additional, claims for unemployment. For charts, trends and data for the six labor market economic indicators and historical totals follow the column header links or "trends" buttons. All workforce sector indicators are seasonally adjusted figures.


Nonfarm Employment

Month	2007	2008
Jan	1,691.4	1,711.5

Feb	1,692.1	1,711.9

Mar	1,690.6	1,713.0

Apr	1,693.1	1,710.4

May	1,697.1	1,708.1

Jun	1,701.8	1,706.5

Jul	1,700.9	1,697.9

Aug	1,701.0	1,696.0

Sep	1,699.8	1,693.1

Oct	1,703.1	1,686.6

Nov	1,704.3	1,680.7

Dec	1,705.1	1,672.5


Residents Employed

2007	2008
1,761.6	1,770.9

1,761.7	1,771.6

1,761.0	1,771.7

1,759.8	1,771.2

1,758.5	1,770.4

1,757.8	1,769.6

1,757.9	1,769.2

1,759.1	1,769.0

1,761.1	1,768.6

1,763.4	1,767.0

1,765.5	1,764.2

1,767.3	1,760.2


Labor Force

2007	2008
1,842.5	1,863.4

1,842.2	1,864.4

1,841.4	1,865.4

1,840.4	1,866.9

1,839.8	1,869.1

1,840.1	1,872.0

1,841.7	1,875.1

1,844.6	1,878.2

1,848.5	1,880.8

1,852.7	1,882.9

1,856.4	1,884.6

1,859.2	1,886.4


Unemployment Rate

2007	2008
4.4	5.0

4.4	5.0

4.4	5.0

4.4	5.1

4.4	5.3

4.5	5.5

4.5	5.7

4.6	5.8

4.7	6.0

4.8	6.2

4.9	6.4

4.9	6.7


Residents Unemployed

2007	2008
80.9	92.5

80.6	92.8

80.4	93.7

80.6	95.7

81.3	98.7

82.3	102.4

83.8	106.0

85.5	109.2

87.4	112.3

89.3	115.8

90.9	120.4

91.9	126.2


Average Weekly Initial Claims

2007	2008
4,074	4,202

4,162	4,276

4,029	4,094

4,121	4,526

4,019	4,578

4,047	4,720

4,066	4,827

3,843	5,749

3,857	5,563

4,152	5,807

4,324	6,117

4,437	5,806


Workforce Scorecard Totals [(Up/Total)-(Down/Total)] x 100 = Net%

Total	Up	Down	NC	Net %
6	3	3	0	0%

6	3	3	0	0%

6	3	3	0	0%

6	3	3	0	0%

6	3	3	0	0%

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	1	5	0	-67%

6	1	5	0	-67%