Connecticut Q4, 2019 Employment Statistics

  • 123,674 employers, up 1.3% from 122,068
  • 1,688,728 employees, down 0.4% from 1,682,172
  • $1,383 average weekly wage, up 3.8% from $1,333
  • The average weekly wage is 16.7% above the national average
  • The cost of living is 27.7% above the national average

Employer & Employee Growth

In the last year, the number of employers in the state increased by 1,606, which is an increase of 1.3%. The number of employees in Connecticut declined by 6,556, a decline of 0.4%. During this same period, the average weekly wage increased by $50, an increase of 3.8%.

The number of private employers increased since last years' Q1. The number of private businesses increased by 1,598 or 1.3%. Growth in private businesses in Connecticut grew slower than the national average of 2.5%. The number of employees in these businesses decreased since last years' Q1, declining by 6,605 or 0.5%. The growth in employees of private businesses in Connecticut was slower than the national average of 1.2%.

The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $54 or 4.0%. Growth in average weekly wage of employees of private businesses in Connecticut grew faster than the national average of 3.8%.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Other services with 14.8% of the businesses in the state. The number of businesses in this sector increased by 2.3%. Professional services (11.8%), which increased by 1.9% and Retail trade (10.1%), which decreased by 0.6%, round out the 3 largest sectors.

Table: Sectors by Year-over-Year Qtly Business Change %
SectorChange Biz% Change
Information33013.9%
Company management524.0%
Educational services743.8%
Arts and entertainment693.6%
Healthcare2662.4%
Other services4052.3%
Professional services2661.9%
Real estate and rental561.5%
Accommodation and food services951.1%
Finance and insurance480.7%
Transport and warehousing150.7%
Utilities10.6%
Waste services310.4%
Construction30.0%
Wholesale trade-19-0.2%
Manufacturing-11-0.2%
Retail trade-74-0.6%
Agriculture and forestry-5-1.3%
Mining and oil extraction-1-1.9%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 16.2% of the employees in the state, had an increase in employees of 1.1% in the last year. Retail trade (10.6%), decreased by 2.8% and Manufacturing (9.6%), increased by 0.1%, round out the top 3 sectors.

Table: Sectors by Year-over-Year Qtly Employee Change %
SectorEmployee Change% Change
Transport and warehousing5,90011.2%
Educational services1,2912.2%
Healthcare2,9821.1%
Agriculture and forestry310.6%
Manufacturing840.1%
Real estate and rental90.0%
Utilities-3-0.1%
Professional services-71-0.1%
Accommodation and food services-1,295-1.0%
Other services-685-1.0%
Information-367-1.1%
Construction-757-1.2%
Mining and oil extraction-8-1.4%
Finance and insurance-1,602-1.5%
Company management-630-1.9%
Arts and entertainment-628-2.3%
Retail trade-5,216-2.8%
Waste services-3,222-3.4%
Wholesale trade-2,292-3.7%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Finance and insurance paying $3,221per week compared with the state average of $1,405. Weekly wages in this sector declined by $40 or 1.2%. Company management ($3,140), rose by $441 or 16.3% and Information ($2,451) increased by $100 or 4.3% round out the 3 largest sectors.

Table: Sectors by Year-over-Year Weekly Wage Change %
SectorWage ChangeChange %
Company management$44116.3%
Real estate and rental$17412.7%
Educational services$816.3%
Healthcare$605.5%
Waste services$495.3%
Manufacturing$845.2%
Accommodation and food services$204.4%
Professional services$964.4%
Information$1004.3%
Retail trade$263.9%
Other services$233.4%
Wholesale trade$583.1%
Construction$422.9%
Mining and oil extraction$462.5%
Agriculture and forestry$182.4%
Transport and warehousing$50.5%
Arts and entertainment$30.4%
Finance and insurance$-40-1.2%
Utilities$-82-3.4%


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 7.8% of the businesses in the state (with 9,675 employing 14,578 workers). The Private households industry had 372 more businesses, an increase of 4.0% in the last year. Restaurants and other eating places (6.0% of businesses) added 42 businesses, an increase of 0.6% and Computer systems design and related services (3.1% of businesses) added 60 businesses, an increase of 1.6% round out the 3 industries with the most businesses.

Table: Top 7 Industries by Business Change %
IndustryBusiness Chg% Change
Data processing hosting and related services23285.6%
Office equipment merchant wholesalers4351.8%
All other information services250.0%
Facilities support services642.9%
Zoos and botanical gardens342.9%
Snack food manufacturing337.5%
Satellite telecommunications233.3%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Private households3724.0%
Data processing hosting and related services23285.6%
Offices of physicians823.0%
Druggists' goods merchant wholesalers8123.2%
Medical equipment merchant wholesalers7418.0%
Management consulting services713.2%
Computer systems design and related services601.6%


Employees by Industry

Restaurants and other eating places (6.0% of employees) added 42 employees, an increase of 0.6% and Computer systems design and related services (3.1% ofemployees) added 60 employees, an increase of 1.6% round out the 3 industries with the most employees.

Table: Top 7 Industries by Employee Change %
IndustryEmp Chg% Change
Local messengers and local delivery61781.4%
Construction machinery manufacturing3475.1%
Facilities support services4337.8%
All other information services837.3%
General warehousing and storage4,63636.8%
Beef cattle ranching farming and feedlots1032.3%
All other food manufacturing5029.2%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
General warehousing and storage4,63636.8%
General medical and surgical hospitals1,4222.6%
Management consulting services1,30512.1%
Aerospace product and parts manufacturing1,1633.8%
Research and development in the physical engineering and life sciences89213.1%
Local messengers and local delivery61781.4%
Colleges and universities6151.9%


Average Weekly Wage by Industry

The industry that pays their employees the most is Portfolio management, paying $8,532 compared with the state average of $1,405. Employees in the Portfolio management industry were paid $498 more per week, an increase of 6.2% in the last year. Record production and distribution ($6,372) and Miscellaneous intermediation ($6,180) round out the top 3 industries. Employees in the Record production and distribution ($6,372 per week) were paid $5,850 more per week, an increase of 1,120.7% and Miscellaneous intermediation ($6,180 per week) were paid $218 more per week, an increase of 3.7% round out the 3 industries that pay their employees the most.

Table: Top 7 Industries by Wage Change %
IndustryWkly Chg% Change
Record production and distribution$5,8501,120.7%
Construction machinery manufacturing$1,927136.9%
Heavy machinery rental and leasing$3,101131.7%
Nonferrous metal foundries$94479.5%
Savings institutions$71150.4%
Scenic and sightseeing transportation water$19445.0%
Skiing facilities$10143.3%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Record production and distribution$5,8501,120.7%
Heavy machinery rental and leasing$3,101131.7%
Construction machinery manufacturing$1,927136.9%
Commodity contracts brokerage$1,07824.7%
Nonferrous metal foundries$94479.5%
Independent artists writers and performers$80819.9%
All other professional and technical services$78626.8%


Company Size

Connecticut Businesses by Size

The solopreneur company, has the most businesses in Connecticut by far. 63.3% of all businesses in the state have fewer than 5 employees. The 114,208 small businesses in the state represent 95.9% of all private businesses. The national average is 91.2%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) Connecticut added 2,702 businesses in the last year, an increase of 2.3% as compared to the national average of 3.0%.

Small businesses are defined as companies with fewer than 50 employees. These small businesses added 2,698 businesses in the last year, which is an increase of 2.4% as compared to the national average of 3.1%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 7 businesses in the last year, which is an increase of 0.1% as compared to the national average of 1.3%.

Large businesses are defined as companies with more than 500 employees. These large businesses declined 3 businesses in the last year, which is a decrease of 1.8% as compared to the national average of 2.1%.



Connecticut Employees by Business Size

Connecticut added -1,643 employees in the last year, an increase of -0.1% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added -14,722 businesses in the last year, which is an increase of -11.4% as compared to the national average of 4.2%.

Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 12,727 employees in the last year, which is an increase of 2.4% as compared to the national average of 4.7%.

Large businesses are defined as companies with more than 500 employees. Large businesses added 352 employees in the last year, which is an increase of 0.2% as compared to the national average of 9.2%.

Connecticut Avg Weekly Wages by Business Size

The smallest companies in Connecticut (those with fewer than 5 employees) pay workers 24.3% more than the national average ($1,327 per week as compared to the national average of $1,005 per week). The largest companies in Connecticut (those with more than 1,000 employees) pay 15.5% workers above the national average ($2,264 per week as compared to the national average of $1,913 per week).

Average weekly wages in small businesses declined $204 per week in the last year, which is a decrease of 4.5% as compared to the national average of 3.1%. Employees of mid-sized businesses added $209 in wages per week in the last year, which is an increase of 4.7% as compared to the national average of 1.3%.

Employees of large businesses added $5 of weekly wages in the last year, which is an increase of 0.1% as compared to the national average of 2.1%.

Top Industries for Business and Employment

The table below illustrates the largest industries in the state, by number of businesses:

Table: Top 10 Industries by # of Businesses
Industry# Businesses% Change
Private households9,6754.0%
Restaurants and other eating places7,3750.6%
Computer systems design and related services3,7981.6%
Wholesale trade agents and brokers3,670-13.8%
Offices of physicians2,8123.0%
Landscaping services2,3951.9%
Management consulting services2,2653.2%
Offices of lawyers2,250-0.7%
Hair nail and skin care services2,0780.8%
Residential building construction1,9710.4%


The table below illustrates the largest industries in the state, by number of employees:

Table: Top 10 Industries by # of Employees
Industry# Employees% Change
Restaurants and other eating places103,415-0.8%
General medical and surgical hospitals56,8252.6%
Offices of physicians35,3860.0%
Supermarkets and other grocery stores35,227-2.3%
Management of companies and enterprises32,853-1.9%
Nursing care facilities skilled nursing32,686-3.4%
Colleges and universities32,4841.9%
Aerospace product and parts manufacturing32,0463.8%
Direct life and health insurance carriers29,529-0.3%
Temporary help services26,250-10.6%


The table below illustrates the largest industries in the state, by highest wages:

Table: Top 10 Industries by Weekly Wage
IndustryWkly Wages% Change
Portfolio management$8,5326.2%
Record production and distribution$6,3721,120.7%
Miscellaneous intermediation$6,1803.7%
Heavy machinery rental and leasing$5,456131.7%
Commodity contracts brokerage$5,43424.7%
Investment banking and securities dealing$5,355-3.2%
Investment advice$4,9012.8%
Independent artists writers and performers$4,87319.9%
Cable and other subscription programming$4,8191.5%
Securities brokerage$4,7534.9%




Data Sources




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.