Connecticut Employment Statistics
86.6% of employees work for a private company, this is 1.3% greater than the national average of 85.2%. Local government agencies employ 8.7% of the workers in the state, state government agencies employ 3.6% of the workers and the federal government employs 1.1%. The percentage of employees working for a government agency (13.4%) is 1.3% lower than the national average. The chart below illustrates the breakout of employees by type of employer.
- 120,729 employers
- 1,673,861 employees
- $1,303 average weekly wage
- The average weekly wage is 18.3% above the national average
- The cost of living is 28.8% above the national average
Types of Employers (Private Sector vs Government Agency)
As an employer in Connecticut, you are most likely to be running a private company rather than a government agency. 97.2% of employers run private companies in the state, BIGGER0.2% greater than the national average of 97.0. The remaining 2.8% of employers are government agencies: 0.4% work in a federal agency, 0.5% work for the state and 1.8% work for local government. The chart below illustrates the breakout of employers by type.
The average weekly wage in Connecticut is $1,303 per week, which is 18.3% less than the national average of $1,101 per week. Connecticut workers that are employed by private businesses earn $1,314 per week, 19.5% greater than the national average for private company employees. Employees of federal government agencies in Connecticut earn $1,483 per week, a premium of 12.9% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Businesses by SectorThe sector with the greatest number of businesses in the state is Other services with 14.5% of the businesses in the state. Professional services (11.7%) and Retail trade (10.4%) round out the top 3 sectors.
Table: Sectors by # of Businesses
|Sector||# Businesses||% of Bus.|
|Accommodation and food services||8,770||7.3%|
|Finance and insurance||7,220||6.0%|
|Real estate and rental||3,647||3.0%|
|Transport and warehousing||2,071||1.7%|
|Arts and entertainment||1,894||1.6%|
|Agriculture and forestry||388||0.3%|
|Mining and oil extraction||54||0.0%|
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare
with 16.0% of the employees in the state. Retail trade
(10.8%) and Manufacturing
(9.6%) round out the top 3 sectors.
Table: Sectors by # of Employees
|Sector||# Employees||% of Emp'|
|Accommodation and food services||129,258||7.7%|
|Finance and insurance||103,643||6.2%|
|Transport and warehousing||48,674||2.9%|
|Arts and entertainment||28,568||1.7%|
|Real estate and rental||19,983||1.2%|
|Agriculture and forestry||4,745||0.3%|
|Mining and oil extraction||524||0.0%|
Average Weekly Wage by Sector
The sector that pays their employees the highest is Finance and insurance
paying $3,305per week compared with the state average of $1,314. Company management
($2,912) and Utilities
($2,525) round out the top 3 sectors.
Table: Wages by Sector
|Sector||Wkly Wage||vs St Avg.|
|Finance and insurance||$3,305||251.5%|
|Mining and oil extraction||$1,451||110.4%|
|Real estate and rental||$1,352||102.9%|
|Transport and warehousing||$920||70.0%|
|Agriculture and forestry||$695||52.9%|
|Arts and entertainment||$567||43.2%|
|Accommodation and food services||$431||32.8%|
Businesses by Industry
Each broad sector is made up of specific industries. In Connecticut. the industry with the most businesses is Private households
with 7.4% of the businesses in the state (with 8,931 employing 14,317 workers). Restaurants and other eating places
(6.0%) and Wholesale trade agents and brokers
(3.7%) round out the top 3 industries. The Top 10 Industries in the state are:
|Restaurants and other eating places||7,268||14.4|
|Wholesale trade agents and brokers||4,457||1.9|
|Computer systems design and related services||3,677||6.8|
|Offices of physicians||2,716||12.9|
|Offices of lawyers||2,265||5.5|
|Management consulting services||2,151||5.0|
|Hair nail and skin care services||2,051||5.1|
|Residential building construction||1,923||3.1|
Employees by Industry
The industry with the greatest number of employees in the state is Restaurants and other eating places
with 6.2% of the businesses in the state. The industry employs 104,549 in 7,268 businesses, there are 14.4 employees on average in each of these businesses. General medical and surgical hospitals
(3.3%) and Supermarkets and other grocery stores
(2.1%) round out the top 3 industries.
Table: Industries by # of Employees
|Restaurants and other eating places||104,549||14.4|
|General medical and surgical hospitals||55,019||696.4|
|Supermarkets and other grocery stores||35,906||43.2|
|Offices of physicians||34,968||12.9|
|Nursing care facilities skilled nursing||33,871||148.6|
|Management of companies and enterprises||33,616||26.2|
|Colleges and universities||30,659||175.2|
|Aerospace product and parts manufacturing||30,588||213.9|
|Direct life and health insurance carriers||29,940||274.7|
|Temporary help services||27,835||18.0|
Average Weekly Wage by Industry
The industry that pays their employees the most is Commodity contracts brokerage
, paying $7,514 compared with the state average of $1,314. Portfolio management
($6,980) and Commodity contracts dealing
($6,134) round out the top 3 industries.
Table: Wages by Industry
|Industry||Wkly Wage||% of Avg|
|Commodity contracts brokerage||$7,514||571.8|
|Commodity contracts dealing||$6,134||466.8|
|Investment banking and securities dealing||$5,727||435.8|
|All other financial investment activities||$4,280||325.7|
Connecticut Businesses by Size
company, has the most businesses in Connecticut by far. 62.4% of all businesses in the state have fewer than 5 employees. The 111,844 small businesses in the state represent 95.8% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.
Connecticut Employees by Business Size
The largest companies in the state represent 137.1% of all employees, which is 1.4% lower than the national average of 138.4%. Interestingly, the smallest companies in the state employ a higher percentage than the largest companies, this is not typical. The solopreneur (those that employ fewer than 5) companies employ 96.2% of all workers, which is 4.7% higher than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 558.8% of the labor force in the state, 8.8% more than the national average of 550.0%.
Connecticut Avg Weekly Wages by Business Size
The smallest companies in Connecticut (those with fewer than 5 employees) pay workers 21.0% more than the national average ($1,234 per week as compared to the national average of $975 per week). The largest companies in Connecticut (those with more than 1,000 employees) pay 20.3% workers above the national average ($2,362 per week as compared to the national average of $1,882 per week).
About the Writer
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.