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 %
Sector | Change Biz | % Change |
---|---|---|
Information | 330 | 13.9% |
Company management | 52 | 4.0% |
Educational services | 74 | 3.8% |
Arts and entertainment | 69 | 3.6% |
Healthcare | 266 | 2.4% |
Other services | 405 | 2.3% |
Professional services | 266 | 1.9% |
Real estate and rental | 56 | 1.5% |
Accommodation and food services | 95 | 1.1% |
Finance and insurance | 48 | 0.7% |
Transport and warehousing | 15 | 0.7% |
Utilities | 1 | 0.6% |
Waste services | 31 | 0.4% |
Construction | 3 | 0.0% |
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 %
Sector | Employee Change | % Change |
---|---|---|
Transport and warehousing | 5,900 | 11.2% |
Educational services | 1,291 | 2.2% |
Healthcare | 2,982 | 1.1% |
Agriculture and forestry | 31 | 0.6% |
Manufacturing | 84 | 0.1% |
Real estate and rental | 9 | 0.0% |
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 %
Sector | Wage Change | Change % |
---|---|---|
Company management | $441 | 16.3% |
Real estate and rental | $174 | 12.7% |
Educational services | $81 | 6.3% |
Healthcare | $60 | 5.5% |
Waste services | $49 | 5.3% |
Manufacturing | $84 | 5.2% |
Accommodation and food services | $20 | 4.4% |
Professional services | $96 | 4.4% |
Information | $100 | 4.3% |
Retail trade | $26 | 3.9% |
Other services | $23 | 3.4% |
Wholesale trade | $58 | 3.1% |
Construction | $42 | 2.9% |
Mining and oil extraction | $46 | 2.5% |
Agriculture and forestry | $18 | 2.4% |
Transport and warehousing | $5 | 0.5% |
Arts and entertainment | $3 | 0.4% |
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 %
Industry | Business Chg | % Change |
---|---|---|
Data processing hosting and related services | 232 | 85.6% |
Office equipment merchant wholesalers | 43 | 51.8% |
All other information services | 2 | 50.0% |
Facilities support services | 6 | 42.9% |
Zoos and botanical gardens | 3 | 42.9% |
Snack food manufacturing | 3 | 37.5% |
Satellite telecommunications | 2 | 33.3% |
Table: Top 7 Industries by Business Change #
Industry | Business Chg | % Change |
---|---|---|
Private households | 372 | 4.0% |
Data processing hosting and related services | 232 | 85.6% |
Offices of physicians | 82 | 3.0% |
Druggists' goods merchant wholesalers | 81 | 23.2% |
Medical equipment merchant wholesalers | 74 | 18.0% |
Management consulting services | 71 | 3.2% |
Computer systems design and related services | 60 | 1.6% |
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 %
Industry | Emp Chg | % Change |
---|---|---|
Local messengers and local delivery | 617 | 81.4% |
Construction machinery manufacturing | 34 | 75.1% |
Facilities support services | 43 | 37.8% |
All other information services | 8 | 37.3% |
General warehousing and storage | 4,636 | 36.8% |
Beef cattle ranching farming and feedlots | 10 | 32.3% |
All other food manufacturing | 50 | 29.2% |
Table: Top 7 Industries by Employee Change #
Industry | Emp Chg | % Change |
---|---|---|
General warehousing and storage | 4,636 | 36.8% |
General medical and surgical hospitals | 1,422 | 2.6% |
Management consulting services | 1,305 | 12.1% |
Aerospace product and parts manufacturing | 1,163 | 3.8% |
Research and development in the physical engineering and life sciences | 892 | 13.1% |
Local messengers and local delivery | 617 | 81.4% |
Colleges and universities | 615 | 1.9% |
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 %
Industry | Wkly Chg | % Change |
---|---|---|
Record production and distribution | $5,850 | 1,120.7% |
Construction machinery manufacturing | $1,927 | 136.9% |
Heavy machinery rental and leasing | $3,101 | 131.7% |
Nonferrous metal foundries | $944 | 79.5% |
Savings institutions | $711 | 50.4% |
Scenic and sightseeing transportation water | $194 | 45.0% |
Skiing facilities | $101 | 43.3% |
Table: Top 7 Industries by Wage Change $
Industry | Wkly Chg | % Change |
---|---|---|
Record production and distribution | $5,850 | 1,120.7% |
Heavy machinery rental and leasing | $3,101 | 131.7% |
Construction machinery manufacturing | $1,927 | 136.9% |
Commodity contracts brokerage | $1,078 | 24.7% |
Nonferrous metal foundries | $944 | 79.5% |
Independent artists writers and performers | $808 | 19.9% |
All other professional and technical services | $786 | 26.8% |
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 households | 9,675 | 4.0% |
Restaurants and other eating places | 7,375 | 0.6% |
Computer systems design and related services | 3,798 | 1.6% |
Wholesale trade agents and brokers | 3,670 | -13.8% |
Offices of physicians | 2,812 | 3.0% |
Landscaping services | 2,395 | 1.9% |
Management consulting services | 2,265 | 3.2% |
Offices of lawyers | 2,250 | -0.7% |
Hair nail and skin care services | 2,078 | 0.8% |
Residential building construction | 1,971 | 0.4% |
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 places | 103,415 | -0.8% |
General medical and surgical hospitals | 56,825 | 2.6% |
Offices of physicians | 35,386 | 0.0% |
Supermarkets and other grocery stores | 35,227 | -2.3% |
Management of companies and enterprises | 32,853 | -1.9% |
Nursing care facilities skilled nursing | 32,686 | -3.4% |
Colleges and universities | 32,484 | 1.9% |
Aerospace product and parts manufacturing | 32,046 | 3.8% |
Direct life and health insurance carriers | 29,529 | -0.3% |
Temporary help services | 26,250 | -10.6% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
Industry | Wkly Wages | % Change |
---|---|---|
Portfolio management | $8,532 | 6.2% |
Record production and distribution | $6,372 | 1,120.7% |
Miscellaneous intermediation | $6,180 | 3.7% |
Heavy machinery rental and leasing | $5,456 | 131.7% |
Commodity contracts brokerage | $5,434 | 24.7% |
Investment banking and securities dealing | $5,355 | -3.2% |
Investment advice | $4,901 | 2.8% |
Independent artists writers and performers | $4,873 | 19.9% |
Cable and other subscription programming | $4,819 | 1.5% |
Securities brokerage | $4,753 | 4.9% |
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.