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Labor Market Information - Connecticut Business Employment Dynamics
 Connecticut Business Employment Dynamics Last Updated: October 28, 2020
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 1Q 2020 1Q 2020 Business Employment Dynamics  (pdf, 139K)  new
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.

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