| WETHERSFIELD, October 28, 2020 - 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 2020 to March 2020, gross job gains from opening and expanding private sector establishments in Connecticut was 74,079, a decrease of 4,203 jobs from the previous quarter. Over this period, gross job losses from closing and contracting private sector establishments was 84,157 an increase of 4,158 jobs from the previous quarter.
During the first quarter of 2020, difference between gross job gains and gross job losses yielded a net employment loss of 10,078 jobs in the private sector. This is the lowest net change since March 2010.
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. Annual average net change has been positive from 2010-2018 and was -2,939 in 2019.
| 
