Connecticut Department of Labor's Office of Research

Labor Market Information - Financial Activities Sector State of Connecticut

Last Updated: September 18, 2023

Financial Activities Sector ~ State of Connecticut

Select Industry

1 Month Ago				1 Year Ago				January 2010 Recession Trough				March 2008 Employment Peak
Aug 2023	Jul 2023	Change	Rate %	Aug 2023	Aug 2022	Change	Rate %	Aug 2023	Jan 2010	Change	Rate %	Aug 2023	Mar 2008	Change	Rate %
114,700	114,900	-200	-0.2%	114,700	118,000	-3,300	-2.8%	114,700	134,900	-20,200	-15.0%	114,700	144,500	-29,800	-20.6%

The financial activities sector is made up of two parts: the finance and insurance sector (sector 52), and the real estate and rental and leasing sector (sector 53). The finance and insurance sector comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Three principal types of activities are identified:

Raising funds by taking deposits and/or issuing securities and, in the process, incurring liabilities.
Pooling of risk by underwriting insurance and annuities.
Providing specialized services facilitating or supporting financial intermediation, insurance, and employee benefit programs.

The real estate and rental and leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. This sector also includes establishments primarily engaged in managing real estate for others, selling, renting and/or buying real estate for others, and appraising real estate. The main components of this sector are the real estate lessors industries; equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works).

Month	2014	Y/Y	2015	Y/Y	2016	Y/Y	2017	Y/Y	2018	Y/Y	2019	Y/Y	2020	Y/Y	2021	Y/Y	2022	Y/Y	2023	Y/Y
Jan	128,900		129,600		130,100		128,700		126,400		123,900		122,700		118,900		118,500		115,800
Feb	128,700		129,800		130,000		128,300		126,300		123,800		122,500		118,700		118,500		115,200
Mar	128,300		129,900		130,300		128,100		126,000		123,500		122,200		118,800		118,700		115,000
Apr	128,300		130,100		130,200		128,200		125,600		123,700		119,700		117,900		118,800		114,800
May	128,600		130,400		130,000		128,300		125,600		123,800		119,300		117,800		118,800		115,300
Jun	128,400		130,300		129,600		128,300		125,600		124,100		119,300		117,500		118,300		114,700
Jul	128,600		130,200		129,200		128,000		125,200		124,200		119,200		117,400		118,300		114,900
Aug	128,700		130,200		129,200		127,700		125,000		124,000		119,400		117,200		118,000		114,700
Sep	128,900		130,100		129,200		127,500		125,100		123,700		119,600		116,900		118,300
Oct	129,100		130,100		129,000		127,300		125,000		123,600		119,300		118,300		118,100
Nov	129,200		130,100		128,700		126,800		124,800		123,100		119,200		118,600		117,200
Dec	129,300		130,000		128,400		126,700		124,600		123,000		118,800		118,600		116,600

Month	2004	Y/Y	2005	Y/Y	2006	Y/Y	2007	Y/Y	2008	Y/Y	2009	Y/Y	2010	Y/Y	2011	Y/Y	2012	Y/Y	2013	Y/Y
Jan	140,900		141,200		143,700		145,600		143,800		140,800		134,900		136,100		133,700		132,400
Feb	140,700		141,500		143,500		145,200		144,100		140,200		135,000		136,100		133,500		131,900
Mar	140,600		141,200		143,500		144,600		144,500		139,700		135,000		135,700		133,500		131,500
Apr	140,300		142,300		143,800		145,200		144,200		138,500		134,800		135,600		133,500		131,400
May	140,500		142,000		143,900		144,900		144,000		138,000		134,800		135,400		133,500		130,500
Jun	140,300		142,200		143,900		145,100		144,000		137,100		135,000		134,400		133,500		130,800
Jul	140,300		142,700		144,200		144,800		143,400		136,700		135,200		135,100		133,100		130,600
Aug	140,700		142,600		144,400		144,400		143,600		136,300		135,700		135,000		132,800		130,300
Sep	140,600		142,600		144,500		144,300		143,100		136,100		135,300		134,400		133,000		129,700
Oct	140,800		142,900		145,000		144,000		142,200		136,100		135,400		134,000		132,700		129,300
Nov	141,000		142,900		145,300		143,600		142,200		136,000		135,600		134,100		132,300		129,200
Dec	140,900		143,300		145,200		143,700		141,600		135,600		135,700		133,800		132,100		129,200

Month	1994	Y/Y	1995	Y/Y	1996	Y/Y	1997	Y/Y	1998	Y/Y	1999	Y/Y	2000	Y/Y	2001	Y/Y	2002	Y/Y	2003	Y/Y
Jan	137,700		130,900		128,600		127,700		133,900		140,100		141,800		142,700		143,400		143,200
Feb	137,200		130,700		129,400		128,800		134,400		140,000		142,200		142,700		143,100		142,800
Mar	136,300		130,600		129,400		128,900		135,200		139,700		142,500		142,700		142,800		142,400
Apr	136,900		131,700		128,700		129,300		134,300		140,700		142,300		142,800		142,300		143,500
May	136,700		131,900		128,500		129,900		134,800		140,800		142,500		142,900		142,500		143,700
Jun	136,100		132,000		128,100		128,600		135,400		140,900		143,100		143,100		142,100		143,400
Jul	135,100		133,900		127,900		129,300		138,600		141,100		143,700		143,300		142,400		142,800
Aug	134,800		134,000		128,000		129,900		139,000		140,900		143,800		143,400		142,400		142,600
Sep	135,000		134,500		127,400		130,900		139,200		141,200		143,700		143,100		142,600		142,500
Oct	134,200		132,700		129,200		132,500		139,400		141,400		143,600		142,900		142,400		142,000
Nov	133,900		132,900		129,500		132,600		139,700		141,400		143,500		142,900		142,900		141,700
Dec	133,600		132,700		128,600		133,500		139,800		141,500		143,600		142,700		142,700		141,700


	State of Connecticut Department of Labor - Office of Research 200 Folly Brook Boulevard, Wethersfield, CT 06109 LMI Home \| CTDOL Home \| CT.gov \| Feedback \| Disclaimer \| Privacy Policy \| Accessibility Policy This workforce product was funded by a grant awarded by the U.S. Department of Labor's Employment and Training Administration. (more)