| WETHERSFIELD, January 30, 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 industry sector level.
From April 2020 to June 2020, gross job gains from opening and expanding private sector establishments in Connecticut was 57,620, a decrease of 16,459 jobs from the previous quarter. Over this period, gross job losses from closing and contracting private sector establishments was 265,693, an increase of 181,536 jobs from the previous quarter.
During the second quarter of 2020, difference between gross job gains and gross job losses yielded a net employment loss of 208,073 jobs in the private sector. This is the largest net decrease on record and reflects pandemic’s impact on the economy.
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.
| 
