| WETHERSFIELD, January 30th, 2018 - Business Employment Dynamics (BED) data published quarterly by the Bureau of Labor Statistics tracks employment change at the establishment level and reveals the underlying dynamics of net employment change. The data include gross employment change, business expansion/contraction, establishment birth/death, and is available at industry sector level.
From April 2018 to June 2018, gross job gains from opening and expanding private sector establishments in Connecticut was 82,914, an increase of 9,188 jobs from the previous quarter. Over this period, gross job losses from closing and contracting private sector establishments was 72,541, a decrease of 2,294 jobs from the previous quarter.
During the second quarter of 2018, difference between gross job gains and gross job losses yielded a net employment gain of 10,373 jobs in the private sector. This is the largest second quarter net gain since 2011 and follows a first quarter net loss of 1,109 jobs.
From 2004 to 2007, annual average net employment change was between 1,534 and 4,190 jobs. It fell precipitously to a series low of -15,445 jobs in 2009 and was up to 2,608 the following year. In 2017, annual average net change was 2,019 jobs. The prior two years were both below 200 jobs.
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