| WETHERSFIELD, November 7th, 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 January 2018 to March 2018, gross job gains from opening and expanding private sector establishments in Connecticut was 73,726 a decrease of 2,499 jobs from the previous quarter. Over this period, gross job losses from closing and contracting private sector establishments was 74,835, an increase of 2,231 jobs from the previous quarter.
The difference between gross job gains and gross job losses yielded a net employment loss of 1,109 jobs in the private sector during the first quarter of 2018. This follows a first quarter net gain of 1,081 jobs.
From 2004 to 2007, four quarter average net 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 2018, four quarter average net change was 2,825 jobs. The prior two years were both below 200 jobs.
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