| WETHERSFIELD, July 29, 2021 - 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 sector level.
From October 2020 to December 2020, gross job gains from opening and expanding private sector establishments in Connecticut was 87,068, a decrease of 58,797 jobs from the previous quarter. Over this period, gross job losses from closing and contracting private sector establishments was 77,371, an increase of 10,905 jobs from the previous quarter.
During the fourth quarter of 2020, difference between gross job gains and gross job losses yielded a net employment gain of 9,697 jobs in the private sector. This net increase follows a 79,399 net increase during the third quarter of 2020, when many initial pandemic mitigation policies were lifted.
Prior to the current recession, annual average net change was -2,939 in 2019 and positive from 2010-2018. During the last recession it fell precipitously to a low of -15,445 jobs in 2009. Before that from 2004-2007, annual average net change ranged between 1,534 and 4,190 jobs.
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