Connecticut Employment Statistics

  • 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.
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.
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.

Leading Sectors

Businesses by Sector

The 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.
Other services17,48314.5%
Professional services14,07811.7%
Retail trade12,58510.4%
Wholesale trade10,0778.3%
Accommodation and food services8,7707.3%
Waste services7,8696.5%
Finance and insurance7,2206.0%
Real estate and rental3,6473.0%
Transport and warehousing2,0711.7%
Educational services1,9381.6%
Arts and entertainment1,8941.6%
Company management1,2821.1%
Agriculture and forestry3880.3%
Mining and oil extraction540.0%

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'
Retail trade180,70510.8%
Accommodation and food services129,2587.7%
Finance and insurance103,6436.2%
Professional services96,3155.8%
Waste services91,1505.4%
Other services66,8224.0%
Wholesale trade61,5493.7%
Educational services58,2733.5%
Transport and warehousing48,6742.9%
Company management33,6162.0%
Arts and entertainment28,5681.7%
Real estate and rental19,9831.2%
Agriculture and forestry4,7450.3%
Mining and oil extraction5240.0%

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
SectorWkly Wagevs St Avg.
Finance and insurance$3,305251.5%
Company management$2,912221.6%
Professional services$2,027154.3%
Wholesale trade$1,833139.5%
Mining and oil extraction$1,451110.4%
Real estate and rental$1,352102.9%
Educational services$1,28397.6%
Transport and warehousing$92070.0%
Waste services$88567.4%
Agriculture and forestry$69552.9%
Retail trade$66550.6%
Other services$64749.2%
Arts and entertainment$56743.2%
Accommodation and food services$43132.8%

Leading Industries

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:
Industry# BusinessesEmp/Biz
Private households8,9311.6
Restaurants and other eating places7,26814.4
Wholesale trade agents and brokers4,4571.9
Computer systems design and related services3,6776.8
Offices of physicians2,71612.9
Landscaping services2,2945.2
Offices of lawyers2,2655.5
Management consulting services2,1515.0
Hair nail and skin care services2,0515.1
Residential building construction1,9233.1

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
Industry# EmpEmp/Biz
Restaurants and other eating places104,54914.4
General medical and surgical hospitals55,019696.4
Supermarkets and other grocery stores35,90643.2
Offices of physicians34,96812.9
Nursing care facilities skilled nursing33,871148.6
Management of companies and enterprises33,61626.2
Colleges and universities30,659175.2
Aerospace product and parts manufacturing30,588213.9
Direct life and health insurance carriers29,940274.7
Temporary help services27,83518.0

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
IndustryWkly Wage% of Avg
Commodity contracts brokerage$7,514571.8
Portfolio management$6,980531.2
Commodity contracts dealing$6,134466.8
Investment banking and securities dealing$5,727435.8
Sales financing$5,600426.2
Miscellaneous intermediation$5,479417.0
Securities brokerage$4,472340.3
All other financial investment activities$4,280325.7
Investment advice$4,009305.1
Reinsurance carriers$3,874294.8

Company Size

Connecticut Businesses by Size

The solopreneur 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).

Data Sources

About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & 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.