State of Connecticut Labor Market Information - Workforce Sector Economic Scorecard

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2023 Workforce Sector Economic Scorecard - State of Connecticut

Benchmarked March 2022

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Taken together, this group of six economic indicators presents an overall picture of the current conditions in the Connecticut labor market. Current levels and the change from the previous period, as well as the year-to-year changes in the number of nonfarm employment jobs #1, residents employed #2 and residents unemployed #5, the unemployment rate #4, the size of the labor force #3, and the average weekly initial claims #6 - the number of those filing initial, new and additional, claims for unemployment. All workforce sector indicators are seasonally adjusted figures.

Nonfarm
Employment

Month	2022	2023

Jan	1,646.5	1,681.9


Feb	1,658.8	1,687.5


Mar	1,665.9


Apr	1,667.6


May	1,666.6


Jun	1,666.9


Jul	1,670.8


Aug	1,672.1


Sep	1,673.4


Oct	1,669.4


Nov	1,674.6


Dec	1,673.1

Residents
Employed

2022	2023

1,862.0	1,837.5


1,864.5	1,835.1


1,866.0


1,865.8


1,863.6


1,859.1


1,852.5


1,845.6


1,840.2


1,837.0


1,837.1


1,838.1

Labor
Force

2022	2023

1,956.7	1,912.9


1,953.7	1,910.9


1,950.4


1,947.7


1,943.4


1,937.0


1,928.7


1,919.9


1,916.1


1,913.8


1,913.7


1,914.3

Unemployment
Rate

2022	2023

4.8	3.9


4.6	4.0


4.3


4.2


4.1


4.0


4.0


3.9


4.0


4.0


4.0


4.0

Residents
Unemployed

2022	2023

94.6	75.4


89.2	75.8


84.5


81.9


79.8


78.0


76.2


74.2


75.9


76.8


76.6


76.2

Average Weekly
Initial Claims

2022	2023

4,832	3,819


4,478	3,872


4,029


3,790


3,442


3,198


3,709


3,851


3,872


3,870


3,875


3,894

2023 Workforce Scorecard Totals
[(Up/Total)-(Down/Total)] x 100 = Net%

Total	Up	Down	NC	Net %

6	4	2	0	+33%


6	4	2	0	+33%


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