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Labor Market Information - Connecticut Business Employment Dynamics
 Connecticut Business Employment Dynamics Last Updated: January 26, 2018
Business Employment Dynamics (BED) data provide information on the gross number of jobs gained and lost at business establishments in Connecticut. They include estimates of the number of jobs added at opening and expanding establishments and of jobs eliminated at closing and contracting establishments. Also known as job flows, these data provide a fuller understanding of the labor market dynamics underlying net employment growth that unfold over time.
Current Version Business Employment Dynamics 2Q 2017 2Q 2017 Business Employment Dynamics  (pdf, 136K)  new
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 March 2017 to June 2017, gross job gains from opening and expanding private sector establishments in Connecticut was 82,321, an increase of 3,144 jobs from the previous quarter. Over this period, gross job losses from closing and contracting private sector establishments was 73,239, a decrease of 49 jobs from the previous quarter.

The difference between gross job gains and gross job losses yielded a net employment gain of 9,082 jobs in the private sector during the second quarter of 2017. This net increase is 8,051 jobs above second quarter 2016 levels. From 2004 to 2007, annual average net change was between 1,534 and 4,190 jobs. It fell precipitously thereafter to a 2009 low of -15,445 jobs and was up to 2,608 the following year. In 2015 and 2016, annual average net change has remained below 200 jobs.

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