Labor Market Information - Connecticut, Employment Sectors & United States Nonfarm Employment

State of Connecticut, Employment Sectors & United States Nonfarm Employment

Last Updated: January 27, 2014

Preliminary December job estimates indicate that the state lost 3,900 (-0.2%) jobs, a reversal of the 3,800 jobs (0.2%) added in November. Both the private sector component (-3,800, -0.3%) and the government supersector (-100, -0.04%) lost jobs. Connecticut has now added 11,500 total nonfarm jobs (0.7%) since December 2012, for a seasonally adjusted total of 1,651,200. Hiring in the private sector has been better over the year, adding 12,800 positions (0.9%). Government is down 1,300 (-0.5%) positions since December 2012.

Connecticut’s seasonally adjusted nonfarm job growth year-to-date through December 2013 has been 11,500 jobs (958 per month). This is more than the 8,600 jobs gained in the year-to-date through December of 2012 (718 per month). In 2011, the twelve months of the year produced 14,300 jobs (1,192 per month) and in 2010, the year the employment recovery started, the year-to-date December gain was 9,900 (825 per month).

Labor Market Information - Connecticut, Employment Sectors & United States Nonfarm Employment

		Year to Year				Month to Month				Previous Three Months
		Dec 2013	Dec 2012	Change	Rate %	Dec 2013	Nov 2013	Change	Rate %	Sep 2013	Aug 2013	Jul 2013

Graph	Follow link below for more charts & data	State of Connecticut Employment

	Connecticut Nonfarm Employment	1,651,200	1,639,700	11,500	0.7%	1,651,200	1,655,100	-3,900	-0.2%	1,650,800	1,654,900	1,660,000

Graph	Follow links below for more charts & data	Goods Producing Industries

	Construction	56,000	50,200	5,800	11.6%	56,000	56,200	-200	-0.4%	55,100	54,500	52,900

	Manufacturing	159,200	163,200	-4,000	-2.5%	159,200	159,500	-300	-0.2%	163,900	161,500	160,400

Graph	Follow links below for more charts & data	Service Providing Industries

	Trade, Transportation & Public Utilities	300,700	296,500	4,200	1.4%	300,700	302,000	-1,300	-0.4%	298,600	299,200	297,600

	Information	30,400	31,000	-600	-1.9%	30,400	30,600	-200	-0.7%	30,600	30,900	31,100

	Financial Activities	129,500	130,800	-1,300	-1.0%	129,500	129,200	300	0.2%	128,000	129,100	130,800

	Professional & Business Services	202,900	201,500	1,400	0.7%	202,900	205,500	-2,600	-1.3%	206,500	207,700	208,400

	Educational & Health Services	328,300	320,400	7,900	2.5%	328,300	328,600	-300	-0.1%	324,200	325,000	324,900

	Leisure & Hospitality	145,600	144,800	800	0.6%	145,600	145,600	0	0.0%	146,600	148,500	148,200

	Other Services	60,900	62,300	-1,400	-2.2%	60,900	60,000	900	1.5%	61,400	60,500	60,400

	Government	237,200	238,500	-1,300	-0.5%	237,200	237,300	-100	-0.0%	238,500	236,500	244,800

Graph	Follow link below for more charts & data	United States Employment

	United States Nonfarm Employment	136,877,000	134,691,000	2,186,000	1.6%	136,877,000	136,803,000	74,000	0.1%	136,362,000	136,187,000	135,949,000

Just two industry supersectors added jobs in December, while seven supersectors exhibited declines. Leisure & hospitality was unchanged. On the plus side were other services (900, 1.5%) and financial activities (300, 0.2%). Note that this is the second consecutive month of job growth in the strategic Finance and insurance Industry which had previously shed jobs throughout the recession / recovery cycle to date.

The seven declining industry supersectors may have been weather impacted to some degree and were led lower by the professional business services (-2,600, -1.3%). In this grouping, much of the weakness came from administrative and support services (-3,400, -3.9%), more specifically from services to building and dwellings which can be affected by the weather. Trade transportation & utilities also lost jobs (-1,300, -0.4%) with most of the decline coming from transportation and utilities (-1,200, -2.3%) and a slight drop from retail trade (-100, -0.05%). Wholesale trade was unchanged. The combined construction and mining (-300, -0.5%) industry supersector was lower as well. Manufacturing lost jobs (-300,-0.2%), with the more capital intensive durable goods component (-300, -0.2%) weaker. The nondurable goods segment went unchanged. The education and health services supersector (-300, -0.1%) also posted a small decline. Education (-1,300, -1.9%) was decidedly lower with weakness from private colleges and universities while a health services gain (1,000, 0.4%) could not offset the overall supersector decline. The information supersector (-200, -0.7%) was lower last month as well. And again government employment continued to decline (-100, -0.1%) with the entire monthly drop associated with local government (-200, -0.1%).

Connecticut’s Ten Industry Supersector Performance (YTD December 2013: 5 up, 5 down, before revisions)

1.) Education and Health Services (7,900, 2.5%) 6.) Information (-600, -1.9%)

2.) Construction and Mining (5,800, 11.4%, combined) 7.) Government (-1,300, -0.5%)

3.) Trade, Transportation, and Utilities (4,200, 1.4%) 8.) Financial Activities (-1,300, -1.0%)

4.) Professional and Business Services (1,400, 0.7%) 9.) Other Services (-1,400, -2.2%)

5.) Leisure and Hospitality (800, 0.6%) 10.) Manufacturing (-4,000, -2.5%)