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
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