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Labor Market Information for Businesses - Overview
The Connecticut Department of Labor and its Office of Research offer many valuable services for businesses, including the production of Labor Market Information. Labor Market Information includes professionally compiled and analyzed economic and labor market data. For businesses, this information is useful in product marketing, new location studies, wage analyses, and economic research. It is helpful in making better-informed decisions on expansion, investment, hiring, and other aspects of business management.

The Office of Research, in cooperation with the Department of Social Services, Child Support Enforcement Unit, is also responsible for collecting data on newly hired employees through the New Hire Reporting Program.

The publication Business & Employment Changes Announced in the News Media lists start-ups, expansions, staff reductions, and layoffs reported by the media, both current and future. The report provides company name, the number of workers involved, date of the action, the principal product or service of the company, a brief synopsis of the action, and the source and date of the media article.

Consumer Price Index computed and published by the U.S. Bureau of Labor Statistics, is a measure of the average change in prices over time in a fixed market basket of goods and services. It is based on prices of food, clothing, shelter, fuels, transportation fares, charges for doctors’ and dentists’ services, drugs and other goods and services that people buy for their day-to-day living.

The publication Labor Force Data for Affirmative Action Plans provides quarterly labor force information for Connecticut and its nine labor market areas (LMAs). The data presented are designed to meet the requirements of the Office of Federal Contract Compliance (OFCCP) and/or the Connecticut Commission on Human Rights and Opportunities (CHRO) for companies, State agencies, and municipalities that submit an Affirmative Action Plan. Includes statewide and labor market area estimates of total labor force, unemployment rates, and unemployed women and minorities. Information on the broad occupational skills of women and minority job seekers registered with the CTWorks Career Centers can also be found here.

Labor Surplus Areas A civil jurisdiction where the average unemployment rate is at least 20 percent above the average unemployment for all states, or its unemployment during the previous two calendar years was ten percent or more. The designation allows establishments in the area preference in bidding for certain federal contracts.

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