Connecticut Q2, 2019 Employment Statistics- 123,044 employers, up 2.0% from 120,597
- 1,678,922 employees, down 0.3% from 1,673,880
- $1,266 average weekly wage, up 3.9% from $1,219
- The average weekly wage is 15.6% 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 2,447, which is an increase of 2.0%. The number of employees in Connecticut declined by 5,042, a decline of 0.3%. During this same period, the average weekly wage increased by $47, an increase of 3.9%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 2,477 or 2.1%. Growth in private businesses in Connecticut grew slower than the national average of 2.9%. The number of employees in these businesses decreased since last years' Q1, declining by 4,206 or 0.3%. The growth in employees of private businesses in Connecticut was slower than the national average of 1.4%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $51 or 4.2%. 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 14.7% of the businesses in the state. The number of businesses in this sector increased by 4.0%. Professional services (11.7%), which increased by 2.1% and Retail trade (10.2%), which increased by 0.1%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Information | 210 | 9.3% |
| Utilities | 9 | 6.1% |
| Company management | 62 | 4.8% |
| Educational services | 88 | 4.6% |
| Arts and entertainment | 75 | 4.0% |
| Other services | 703 | 4.0% |
| Real estate and rental | 117 | 3.2% |
| Accommodation and food services | 241 | 2.8% |
| Healthcare | 295 | 2.7% |
| Transport and warehousing | 56 | 2.7% |
| Professional services | 295 | 2.1% |
| Waste services | 119 | 1.5% |
| Construction | 92 | 1.0% |
| Finance and insurance | 57 | 0.8% |
| Agriculture and forestry | 3 | 0.8% |
| Manufacturing | 9 | 0.2% |
| Retail trade | 18 | 0.1% |
| Wholesale trade | -62 | -0.6% |
| Mining and oil extraction | -1 | -1.9% |
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare with 16.1% of the employees in the state, had an increase in employees of 0.6% in the last year. Retail trade (10.4%), decreased by 3.0% and Manufacturing (9.7%), increased by 1.1%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Construction | 1,637 | 2.8% |
| Educational services | 1,103 | 1.9% |
| Arts and entertainment | 483 | 1.7% |
| Transport and warehousing | 627 | 1.4% |
| Manufacturing | 1,715 | 1.1% |
| Real estate and rental | 211 | 1.0% |
| Mining and oil extraction | 4 | 0.8% |
| Healthcare | 1,663 | 0.6% |
| Accommodation and food services | 623 | 0.5% |
| Agriculture and forestry | 22 | 0.5% |
| Utilities | -21 | -0.4% |
| Professional services | -588 | -0.6% |
| Other services | -451 | -0.7% |
| Information | -301 | -1.0% |
| Waste services | -1,016 | -1.1% |
| Company management | -691 | -2.0% |
| Finance and insurance | -2,166 | -2.1% |
| Wholesale trade | -1,591 | -2.6% |
| Retail trade | -5,504 | -3.0% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Finance and insurance paying $2,745per week compared with the state average of $1,262. Weekly wages in this sector rose by $134 or 5.1%. Company management ($2,702), rose by $177 or 7.0% and Utilities ($2,312) increased by $3 or 0.1% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Information | $225 | 12.0% |
| Waste services | $77 | 8.9% |
| Company management | $177 | 7.0% |
| Finance and insurance | $134 | 5.1% |
| Professional services | $87 | 4.6% |
| Manufacturing | $67 | 4.5% |
| Real estate and rental | $48 | 4.1% |
| Transport and warehousing | $37 | 4.0% |
| Construction | $51 | 3.9% |
| Educational services | $41 | 3.2% |
| Other services | $20 | 3.1% |
| Accommodation and food services | $13 | 3.0% |
| Retail trade | $19 | 2.9% |
| Agriculture and forestry | $18 | 2.6% |
| Wholesale trade | $36 | 2.1% |
| Healthcare | $21 | 2.1% |
| Mining and oil extraction | $20 | 1.5% |
| Arts and entertainment | $8 | 1.5% |
| Utilities | $3 | 0.1% |
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 7.7% of the businesses in the state (with 9,450 employing 14,109 workers). The Private households industry had 626 more businesses, an increase of 7.1% in the last year. Restaurants and other eating places (6.1% of businesses) added 187 businesses, an increase of 2.6% and Wholesale trade agents and brokers (3.2% of businesses) had 634 fewer businesses, a decline of 14.0% 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 | 126 | 60.6% |
| Natural gas distribution | 10 | 58.8% |
| Office equipment merchant wholesalers | 44 | 55.7% |
| Marine cargo handling | 1 | 50.0% |
| Cut and sew apparel contractors | 1 | 33.3% |
| Breweries | 19 | 33.3% |
| Dairy product except frozen manufacturing | 3 | 33.3% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Private households | 626 | 7.1% |
| Restaurants and other eating places | 187 | 2.6% |
| Data processing hosting and related services | 126 | 60.6% |
| Offices of physicians | 97 | 3.6% |
| Medical equipment merchant wholesalers | 92 | 24.4% |
| Computer systems design and related services | 92 | 2.5% |
| Landscaping services | 86 | 3.7% |
Employees by Industry
Restaurants and other eating places (6.1% of employees) added 187 employees, an increase of 2.6% and Wholesale trade agents and brokers (3.2% ofemployees) had 634 fewer employees, a decline of 14.0% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| All other animal production | 23 | 113.5% |
| Local messengers and local delivery | 392 | 67.1% |
| Construction machinery manufacturing | 22 | 45.4% |
| Mobile food services | 59 | 43.9% |
| All other food manufacturing | 53 | 33.7% |
| Facilities support services | 38 | 33.2% |
| Food crops grown under cover | 49 | 32.3% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| Aerospace product and parts manufacturing | 1,323 | 4.4% |
| Management consulting services | 1,306 | 12.3% |
| Restaurants and other eating places | 831 | 0.8% |
| Offices of physicians | 737 | 2.1% |
| Couriers and express delivery services | 735 | 10.7% |
| General medical and surgical hospitals | 567 | 1.1% |
| School and employee bus transportation | 562 | 7.8% |
Average Weekly Wage by Industry
The industry that pays their employees the most is Commodity contracts brokerage, paying $6,325 compared with the state average of $1,262. Employees in the Commodity contracts brokerage industry were paid $2,216 more per week, an increase of 53.9% in the last year. Portfolio management ($5,225) and Miscellaneous intermediation ($5,139) round out the top 3 industries. Employees in the Portfolio management ($5,225 per week) were paid $468 more per week, an increase of 9.8% and Miscellaneous intermediation ($5,139 per week) were paid $1,125 more per week, an increase of 28.0% 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 | $222 | 69.2% |
| Commodity contracts brokerage | $2,216 | 53.9% |
| Appliance and electronics merchant whls. | $749 | 48.8% |
| All other information services | $866 | 40.4% |
| Tobacco and tobacco product merch. whls. | $816 | 39.5% |
| Lighting fixture manufacturing | $521 | 32.3% |
| Language schools | $53 | 32.3% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Commodity contracts brokerage | $2,216 | 53.9% |
| Miscellaneous intermediation | $1,125 | 28.0% |
| All other information services | $866 | 40.4% |
| Tobacco and tobacco product merch. whls. | $816 | 39.5% |
| Appliance and electronics merchant whls. | $749 | 48.8% |
| Office administrative services | $614 | 31.5% |
| All other professional and technical services | $578 | 27.8% |
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 92.4%. (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 | 9,450 | 7.1% |
| Restaurants and other eating places | 7,446 | 2.6% |
| Wholesale trade agents and brokers | 3,885 | -14.0% |
| Computer systems design and related services | 3,761 | 2.5% |
| Offices of physicians | 2,798 | 3.6% |
| Landscaping services | 2,390 | 3.7% |
| Offices of lawyers | 2,248 | -1.0% |
| Management consulting services | 2,175 | 1.6% |
| Hair nail and skin care services | 2,075 | 1.5% |
| Residential building construction | 1,952 | 1.5% |
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 | 106,912 | 0.8% |
| General medical and surgical hospitals | 55,371 | 1.1% |
| Offices of physicians | 35,482 | 2.1% |
| Supermarkets and other grocery stores | 35,237 | -1.8% |
| Management of companies and enterprises | 33,008 | -2.0% |
| Nursing care facilities skilled nursing | 32,996 | -2.8% |
| Aerospace product and parts manufacturing | 31,760 | 4.4% |
| Colleges and universities | 31,031 | 1.7% |
| Direct life and health insurance carriers | 29,410 | -2.3% |
| Temporary help services | 25,437 | -6.6% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
| Industry | Wkly Wages | % Change |
|---|---|---|
| Commodity contracts brokerage | $6,325 | 53.9% |
| Portfolio management | $5,225 | 9.8% |
| Miscellaneous intermediation | $5,139 | 28.0% |
| Sales financing | $4,931 | 8.2% |
| Investment banking and securities dealing | $4,810 | -0.6% |
| Commodity contracts dealing | $4,535 | -1.9% |
| Securities brokerage | $4,212 | -12.5% |
| All other financial investment activities | $4,068 | -7.8% |
| Professional employer organizations | $4,066 | -5.3% |
| Investment advice | $3,425 | 9.3% |
Data Sources
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