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Labor Market Information - Connecticut Business Employment Dynamics
 Connecticut Business Employment Dynamics Last Updated: April 24, 2019
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 3Q 2018 3Q 2018 Business Employment Dynamics  (pdf, 314K)  new
WETHERSFIELD, April 24th, 2019 - 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 July 2018 to September 2018, gross job gains from opening and expanding private sector establishments in Connecticut was 75,079, a decrease of 7,835 jobs from the previous quarter. Over this period, gross job losses from closing and contracting private sector establishments was 80,313, an increase of 7,772 jobs from the previous quarter.

During the third quarter of 2018, difference between gross job gains and gross job losses yielded a net employment loss of 5,234 jobs in the private sector. This third quarter net loss is 1,509 jobs less than the net loss a year before.

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. In 2017, annual average net change was 2,019 jobs. The prior two years were both below 200 jobs.

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