Connecticut Q1, 2019 Employment Statistics- 122,411 employers, up 2.2% from 119,724
- 1,646,879 employees, down 0.0% from 1,646,447
- $1,487 average weekly wage, up 2.3% from $1,453
- The average weekly wage is 25.6% above the national average
- The cost of living is 28.8% above the national average
Employer & Employee Growth
In the last year, the number of employers in the state increased by 2,687, which is an increase of 2.2%. The number of employees in Connecticut declined by 432, a decline of 0.0%. During this same period, the average weekly wage increased by $34, an increase of 2.3%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 2,702 or 2.3%. Growth in private businesses in Connecticut grew slower than the national average of 3.0%. The number of employees in these businesses decreased since last years' Q1, declining by 548 or 0.0%. The growth in employees of private businesses in Connecticut was slower than the national average of 1.7%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $39 or 2.6%. Growth in average weekly wage of employees of private businesses in Connecticut grew slower than the national average of 3.0%.
Leading Sectors
Businesses by Sector
The sector with the greatest number of businesses in the state is Other services with 14.7% of the businesses in the state. The number of businesses in this sector increased by 4.9%. Professional services (11.7%), which increased by 2.2% and Retail trade (10.2%), which decreased by 0.7%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Utilities | 12 | 8.1% |
| Information | 168 | 7.5% |
| Other services | 845 | 4.9% |
| Company management | 53 | 4.2% |
| Transport and warehousing | 77 | 3.8% |
| Arts and entertainment | 67 | 3.6% |
| Real estate and rental | 120 | 3.3% |
| Educational services | 62 | 3.2% |
| Healthcare | 317 | 2.9% |
| Accommodation and food services | 224 | 2.6% |
| Professional services | 302 | 2.2% |
| Waste services | 158 | 2.0% |
| Construction | 151 | 1.6% |
| Finance and insurance | 89 | 1.2% |
| Agriculture and forestry | 3 | 0.8% |
| Manufacturing | 17 | 0.4% |
| Wholesale trade | -24 | -0.2% |
| Retail trade | -93 | -0.7% |
| Mining and oil extraction | -2 | -3.6% |
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare with 16.4% of the employees in the state, had an increase in employees of 0.9% in the last year. Retail trade (10.6%), decreased by 2.3% and Manufacturing (9.8%), increased by 1.5%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Construction | 1,865 | 3.6% |
| Transport and warehousing | 1,572 | 3.3% |
| Arts and entertainment | 603 | 2.5% |
| Educational services | 1,328 | 2.3% |
| Manufacturing | 2,445 | 1.5% |
| Real estate and rental | 188 | 1.0% |
| Healthcare | 2,433 | 0.9% |
| Accommodation and food services | 608 | 0.5% |
| Other services | 10 | 0.0% |
| Professional services | -906 | -0.9% |
| Utilities | -50 | -1.0% |
| Waste services | -876 | -1.0% |
| Agriculture and forestry | -43 | -1.2% |
| Information | -568 | -1.8% |
| Finance and insurance | -2,376 | -2.3% |
| Retail trade | -4,145 | -2.3% |
| Wholesale trade | -1,454 | -2.4% |
| Mining and oil extraction | -15 | -3.1% |
| Company management | -1,251 | -3.7% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Finance and insurance paying $4,983per week compared with the state average of $1,529. Weekly wages in this sector rose by $119 or 2.4%. Company management ($3,905), declined by $52 or 1.3% and Utilities ($3,017) increased by $8 or 0.3% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Information | $291 | 12.8% |
| Professional services | $147 | 6.8% |
| Construction | $72 | 5.6% |
| Other services | $29 | 4.6% |
| Agriculture and forestry | $31 | 4.5% |
| Retail trade | $29 | 4.3% |
| Healthcare | $34 | 3.5% |
| Transport and warehousing | $29 | 3.2% |
| Accommodation and food services | $13 | 3.1% |
| Educational services | $36 | 2.9% |
| Mining and oil extraction | $37 | 2.9% |
| Wholesale trade | $47 | 2.4% |
| Finance and insurance | $119 | 2.4% |
| Waste services | $21 | 2.3% |
| Manufacturing | $31 | 1.8% |
| Arts and entertainment | $9 | 1.6% |
| Utilities | $8 | 0.3% |
| Company management | $-52 | -1.3% |
| Real estate and rental | $-68 | -4.2% |
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 7.6% of the businesses in the state (with 9,341 employing 13,913 workers). The Private households industry had 701 more businesses, an increase of 8.1% in the last year. Restaurants and other eating places (6.0% of businesses) added 187 businesses, an increase of 2.6% and Wholesale trade agents and brokers (3.3% of businesses) had 652 fewer businesses, a decline of 13.9% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| All other food manufacturing | 7 | 63.6% |
| Office equipment merchant wholesalers | 43 | 54.4% |
| Satellite telecommunications | 2 | 50.0% |
| Data processing hosting and related services | 101 | 49.5% |
| Natural gas distribution | 7 | 36.8% |
| Breweries | 18 | 35.3% |
| Frozen food manufacturing | 2 | 33.3% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Private households | 701 | 8.1% |
| Restaurants and other eating places | 187 | 2.6% |
| Computer systems design and related services | 113 | 3.1% |
| Data processing hosting and related services | 101 | 49.5% |
| Computer and software merchant wholesalers | 100 | 29.1% |
| Offices of physicians | 99 | 3.7% |
| Medical equipment merchant wholesalers | 95 | 26.5% |
Employees by Industry
Restaurants and other eating places (6.0% of employees) added 187 employees, an increase of 2.6% and Wholesale trade agents and brokers (3.3% ofemployees) had 652 fewer employees, a decline of 13.9% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| All other animal production | 13 | 63.6% |
| Local messengers and local delivery | 323 | 59.4% |
| Steel and precast concrete contractors | 251 | 41.0% |
| Poultry hatcheries | 3 | 40.8% |
| All other food manufacturing | 61 | 39.6% |
| Cemeteries and crematories | 113 | 38.4% |
| Construction machinery manufacturing | 19 | 38.0% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| Aerospace product and parts manufacturing | 1,434 | 4.8% |
| Management consulting services | 1,126 | 10.5% |
| Couriers and express delivery services | 1,062 | 15.5% |
| Services for the elderly and disabled | 1,012 | 4.7% |
| Restaurants and other eating places | 927 | 0.9% |
| Colleges and universities | 903 | 3.0% |
| Plumbing and hvac contractors | 765 | 7.4% |
Average Weekly Wage by Industry
Restaurants and other eating places ($6) and Wholesale trade agents and brokers ($3) round out the top 3 industries. Employees in the Restaurants and other eating places ($6 per week) were paid $187 more per week, an increase of 2.6% and Wholesale trade agents and brokers ($3 per week) were paid $652 less per week, a decline of 13.9% round out the 3 industries that pay their employees the most.Table: Top 7 Industries by Wage Change %
| Industry | Wkly Chg | % Change |
|---|---|---|
| Appliance and electronics merchant whls. | $992 | 58.7% |
| Consumer electronics and appliances rental | $329 | 38.1% |
| Jewelry and silverware manufacturing | $183 | 35.4% |
| Footwear and leather goods repair | $195 | 35.4% |
| Furniture stores | $357 | 35.0% |
| Glass and glass product manufacturing | $316 | 33.6% |
| Sporting goods merchant wholesalers | $301 | 30.8% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Commodity contracts dealing | $2,859 | 27.9% |
| Commodity contracts brokerage | $2,551 | 17.4% |
| Sales financing | $2,220 | 29.6% |
| Appliance and electronics merchant whls. | $992 | 58.7% |
| Investment advice | $818 | 15.9% |
| Management consulting services | $669 | 25.2% |
| Cable and other subscription programming | $611 | 18.9% |
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 92.9%. (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%.
Data Sources
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