Business Employment Dynamics in Connecticut — Third Quarter 2024

From June 2024 to September 2024, gross job losses from closing and contracting private-sector establishments in Connecticut were 82,868, while gross job gains from opening and expanding private-sector establishments were 79,977, the U.S. Bureau of Labor Statistics reported today. Acting Regional Commissioner Mark J. Maggi noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment loss of 2,891 jobs in the private sector during the third quarter of 2024. (See table 1.) During the previous quarter, gross job gains exceeded gross job losses by 3,023. (See chart 1.)

Line chart of private-sector gross job gains and losses in Connecticut, September 2019 to September 2024, seasonally adjusted. An accessible version is available in View Chart Data link below the chart.

View Chart Data

Chart 1. Private-sector gross job gains and losses in Connecticut, September 2019–September 2024, seasonally adjusted
Period	Gross job losses	Gross job gains
Sep 2019	81,942	78,818
Dec 2019	79,891	78,268
Mar 2020	86,328	84,626
Jun 2020	262,362	58,366
Sep 2020	65,481	148,194
Dec 2020	79,405	88,644
Mar 2021	73,029	87,295
Jun 2021	78,871	90,885
Sep 2021	82,523	95,339
Dec 2021	74,338	96,265
Mar 2022	75,504	90,170
Jun 2022	88,561	89,594
Sep 2022	87,094	89,657
Dec 2022	84,858	84,485
Mar 2023	74,141	88,900
Jun 2023	82,001	91,954
Sep 2023	90,637	84,094
Dec 2023	83,179	81,927
Mar 2024	75,630	82,391
Jun 2024	81,499	84,522
Sep 2024	82,868	79,977

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all private businesses in the economy. Business Employment Dynamics (BED) statistics track these changes in employment at private-sector establishments from the third month of one quarter to the third month of the next. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See the Business Employment Dynamics Technical Note.)

Gross job losses

In the third quarter of 2024, gross job losses represented 5.7 percent of private-sector employment in Connecticut; nationally, gross job losses accounted for 5.8 percent of private-sector employment. (See chart 2.) Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. In Connecticut, contracting establishments lost 67,431 jobs in the third quarter of 2024, an increase of 3,016 jobs from the prior quarter. Closing establishments lost 15,437 jobs, a decrease of 1,647 jobs from the previous quarter.

View Chart Data

Chart 2. Private-sector gross job losses as a percent of employment, United States and Connecticut, September 2019–September 2024, seasonally adjusted
Period	United States	Connecticut
Sep 2019	5.8	5.8
Dec 2019	5.5	5.6
Mar 2020	6.3	6.0
Jun 2020	16.8	19.5
Sep 2020	5.9	5.0
Dec 2020	5.7	5.9
Mar 2021	5.5	5.4
Jun 2021	5.9	5.7
Sep 2021	6.1	6.0
Dec 2021	5.4	5.3
Mar 2022	5.5	5.3
Jun 2022	6.2	6.2
Sep 2022	5.9	6.1
Dec 2022	5.9	5.9
Mar 2023	5.5	5.1
Jun 2023	5.9	5.7
Sep 2023	6.0	6.2
Dec 2023	5.7	5.7
Mar 2024	5.4	5.2
Jun 2024	5.9	5.6
Sep 2024	5.8	5.7

Gross job gains

In the third quarter of 2024, gross job gains represented 5.5 percent of private-sector employment in Connecticut; nationally, gross job gains accounted for 5.8 percent of private-sector employment. (See chart 3.) Gross job gains are the sum of increases in employment due to expansions at existing establishments and the addition of new jobs at opening establishments. In Connecticut, gross job gains at expanding establishments totaled 63,017 in the third quarter of 2024, a decrease of 3,057 jobs compared to the previous quarter. Opening establishments accounted for 16,960 jobs gained in the third quarter of 2024, a decrease of 1,488 jobs from the previous quarter.

View Chart Data

Chart 3. Private-sector gross job gains as a percent of employment, United States and Connecticut, September 2019–September 2024, seasonally adjusted
Period	United States	Connecticut
Sep 2019	5.9	5.5
Dec 2019	6.2	5.5
Mar 2020	5.5	5.9
Jun 2020	4.8	4.3
Sep 2020	9.5	11.4
Dec 2020	7.4	6.6
Mar 2021	6.9	6.5
Jun 2021	6.8	6.6
Sep 2021	7.3	7.0
Dec 2021	7.7	6.9
Mar 2022	6.7	6.3
Jun 2022	6.5	6.3
Sep 2022	6.9	6.3
Dec 2022	6.3	5.9
Mar 2023	6.3	6.2
Jun 2023	6.2	6.4
Sep 2023	5.9	5.8
Dec 2023	6.0	5.6
Mar 2024	5.7	5.6
Jun 2024	5.8	5.8
Sep 2024	5.8	5.5

Industries

Gross job losses exceeded gross job gains in 7 of the 10 published industry sectors in Connecticut in the third quarter of 2024. Leisure and hospitality had the largest over-the-quarter net job decrease, with a loss of 4,591 jobs. This was the result of 17,753 gross job losses and 13,162 gross job gains. Education and health services showed a net gain of 4,457 jobs, the largest gain of any sector in the state.

For more information

The BED data series include gross job gains and gross job losses by industry subsector, for the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands, as well as gross job gains and gross job losses at the firm level by employer size class. BED data for the states have been included in table 2 of this release. Additional information is available online at the Business Employment Dynamics homepage and the Business Employment Dynamics Summary.

The Business Employment Dynamics for Fourth Quarter 2024 are scheduled to be released on Wednesday, July 30, 2025.

Technical Note

The Business Employment Dynamics (BED) data are a product of a federal-state cooperative program known as Quarterly Census of Employment and Wages (QCEW). The BED data are compiled by the U.S. Bureau of Labor Statistics (BLS) from existing QCEW records.

More information on formal definitions of the data used in this release, along with coverage, concepts, and methodology, can be found in the Business Employment Dynamics Technical Note.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Private-sector gross job gains and losses by industry, Connecticut, seasonally adjusted
Category	Gross job gains and losses (3 months ended)					Gross job gains and losses as a percent of employment (3 months ended)
Category	Sept. 2023	Dec. 2023	Mar. 2024	June 2024	Sept. 2024	Sept. 2023	Dec. 2023	Mar. 2024	June 2024	Sept. 2024
Total private (1)
Gross job gains	84,094	81,927	82,391	84,522	79,977	5.8	5.6	5.6	5.8	5.5
At expanding establishments	65,932	64,405	65,871	66,074	63,017	4.5	4.4	4.5	4.5	4.3
At opening establishments	18,162	17,522	16,520	18,448	16,960	1.3	1.2	1.1	1.3	1.2
Gross job losses	90,637	83,179	75,630	81,499	82,868	6.2	5.7	5.2	5.6	5.7
At contracting establishments	68,812	63,976	60,509	64,415	67,431	4.7	4.4	4.2	4.4	4.6
At closing establishments	21,825	19,203	15,121	17,084	15,437	1.5	1.3	1.0	1.2	1.1
Net employment change (2)	-6,543	-1,252	6,761	3,023	-2,891	-0.4	-0.1	0.4	0.2	-0.2
Construction
Gross job gains	5,352	5,977	6,285	5,802	5,417	8.7	9.8	9.9	9.0	8.6
At expanding establishments	4,052	4,646	5,061	4,499	4,221	6.6	7.6	8.0	7.0	6.7
At opening establishments	1,300	1,331	1,224	1,303	1,196	2.1	2.2	1.9	2.0	1.9
Gross job losses	6,286	5,891	5,073	5,383	5,859	10.2	9.6	8.0	8.4	9.4
At contracting establishments	4,852	3,947	3,892	4,396	4,379	7.9	6.4	6.1	6.9	7.0
At closing establishments	1,434	1,944	1,181	987	1,480	2.3	3.2	1.9	1.5	2.4
Net employment change (2)	-934	86	1,212	419	-442	-1.5	0.2	1.9	0.6	-0.8
Manufacturing
Gross job gains	4,213	4,213	4,216	4,040	4,677	2.7	2.7	2.7	2.5	3.0
At expanding establishments	3,596	3,559	3,442	3,507	4,250	2.3	2.3	2.2	2.2	2.7
At opening establishments	617	654	774	533	427	0.4	0.4	0.5	0.3	0.3
Gross job losses	4,947	5,329	4,136	5,029	4,445	3.1	3.4	2.7	3.2	2.9
At contracting establishments	4,254	4,031	3,524	4,590	3,728	2.7	2.6	2.3	2.9	2.4
At closing establishments	693	1,298	612	439	717	0.4	0.8	0.4	0.3	0.5
Net employment change (2)	-734	-1,116	80	-989	232	-0.4	-0.7	0.0	-0.7	0.1
Wholesale trade
Gross job gains	2,900	2,501	2,588	2,761	2,965	4.8	4.1	4.3	4.6	4.9
At expanding establishments	2,356	1,881	2,064	2,245	2,304	3.9	3.1	3.4	3.7	3.8
At opening establishments	544	620	524	516	661	0.9	1.0	0.9	0.9	1.1
Gross job losses	2,689	3,201	2,680	3,176	3,069	4.4	5.3	4.4	5.2	5.0
At contracting establishments	2,102	2,228	2,002	2,362	2,341	3.4	3.7	3.3	3.9	3.8
At closing establishments	587	973	678	814	728	1.0	1.6	1.1	1.3	1.2
Net employment change (2)	211	-700	-92	-415	-104	0.4	-1.2	-0.1	-0.6	-0.1
Retail trade
Gross job gains	9,315	8,745	9,494	8,392	8,865	5.5	5.3	5.7	5.0	5.3
At expanding establishments	8,097	7,047	8,482	7,148	7,911	4.8	4.3	5.1	4.3	4.7
At opening establishments	1,218	1,698	1,012	1,244	954	0.7	1.0	0.6	0.7	0.6
Gross job losses	10,781	9,813	7,923	9,655	9,511	6.4	5.9	4.8	5.8	5.7
At contracting establishments	8,862	8,455	6,654	8,704	8,428	5.3	5.1	4.0	5.2	5.1
At closing establishments	1,919	1,358	1,269	951	1,083	1.1	0.8	0.8	0.6	0.6
Net employment change (2)	-1,466	-1,068	1,571	-1,263	-646	-0.9	-0.6	0.9	-0.8	-0.4
Transportation and warehousing
Gross job gains	4,387	6,030	2,938	3,154	3,139	6.7	8.8	4.3	4.7	4.7
At expanding establishments	3,996	5,616	2,755	2,861	2,810	6.1	8.2	4.0	4.3	4.2
At opening establishments	391	414	183	293	329	0.6	0.6	0.3	0.4	0.5
Gross job losses	2,374	3,920	5,185	3,437	2,860	3.6	5.7	7.6	5.2	4.3
At contracting establishments	2,200	3,483	4,803	3,129	2,607	3.3	5.1	7.0	4.7	3.9
At closing establishments	174	437	382	308	253	0.3	0.6	0.6	0.5	0.4
Net employment change (2)	2,013	2,110	-2,247	-283	279	3.1	3.1	-3.3	-0.5	0.4
Financial activities
Gross job gains	5,235	4,539	3,985	4,938	4,315	4.5	3.9	3.4	4.3	3.7
At expanding establishments	4,019	3,354	2,937	3,813	3,568	3.5	2.9	2.5	3.3	3.1
At opening establishments	1,216	1,185	1,048	1,125	747	1.0	1.0	0.9	1.0	0.6
Gross job losses	5,892	4,680	4,512	4,472	5,275	5.0	4.0	3.9	3.9	4.6
At contracting establishments	4,205	3,260	3,671	3,213	4,235	3.6	2.8	3.2	2.8	3.7
At closing establishments	1,687	1,420	841	1,259	1,040	1.4	1.2	0.7	1.1	0.9
Net employment change (2)	-657	-141	-527	466	-960	-0.5	-0.1	-0.5	0.4	-0.9
Professional and business services
Gross job gains	13,408	12,121	13,555	14,998	13,928	6.0	5.5	6.2	6.8	6.3
At expanding establishments	9,348	8,658	10,052	11,252	10,118	4.2	3.9	4.6	5.1	4.6
At opening establishments	4,060	3,463	3,503	3,746	3,810	1.8	1.6	1.6	1.7	1.7
Gross job losses	15,739	15,735	13,553	13,453	14,794	7.1	7.1	6.2	6.1	6.6
At contracting establishments	11,216	11,668	10,147	10,371	10,927	5.1	5.3	4.6	4.7	4.9
At closing establishments	4,523	4,067	3,406	3,082	3,867	2.0	1.8	1.6	1.4	1.7
Net employment change (2)	-2,331	-3,614	2	1,545	-866	-1.1	-1.6	0.0	0.7	-0.3
Education and health services
Gross job gains	17,102	14,605	15,109	17,183	16,997	4.9	4.1	4.3	4.9	4.8
At expanding establishments	14,721	12,395	12,980	13,433	12,834	4.2	3.5	3.7	3.8	3.6
At opening establishments	2,381	2,210	2,129	3,750	4,163	0.7	0.6	0.6	1.1	1.2
Gross job losses	15,593	12,759	11,315	15,876	12,540	4.5	3.7	3.2	4.5	3.5
At contracting establishments	11,167	10,465	9,065	10,710	10,762	3.2	3.0	2.6	3.0	3.0
At closing establishments	4,426	2,294	2,250	5,166	1,778	1.3	0.7	0.6	1.5	0.5
Net employment change (2)	1,509	1,846	3,794	1,307	4,457	0.4	0.4	1.1	0.4	1.3
Leisure and hospitality
Gross job gains	14,048	16,246	16,261	16,059	13,162	9.1	10.6	10.6	10.3	8.4
At expanding establishments	10,593	12,143	12,580	12,260	10,324	6.9	7.9	8.2	7.9	6.6
At opening establishments	3,455	4,103	3,681	3,799	2,838	2.2	2.7	2.4	2.4	1.8
Gross job losses	18,877	14,986	14,555	14,102	17,753	12.3	9.8	9.4	9.0	11.4
At contracting establishments	15,237	11,672	11,717	11,920	14,927	9.9	7.6	7.6	7.6	9.6
At closing establishments	3,640	3,314	2,838	2,182	2,826	2.4	2.2	1.8	1.4	1.8
Net employment change (2)	-4,829	1,260	1,706	1,957	-4,591	-3.2	0.8	1.2	1.3	-3.0
Other services (3)
Gross job gains	4,112	3,680	4,024	4,080	3,671	8.2	7.3	7.9	7.9	7.1
At expanding establishments	3,030	2,724	3,091	3,235	2,773	6.0	5.4	6.1	6.3	5.4
At opening establishments	1,082	956	933	845	898	2.2	1.9	1.8	1.6	1.7
Gross job losses	3,908	3,646	3,534	3,668	4,413	7.7	7.3	6.9	7.2	8.5
At contracting establishments	2,634	2,708	2,675	2,660	3,423	5.2	5.4	5.2	5.2	6.6
At closing establishments	1,274	938	859	1,008	990	2.5	1.9	1.7	2.0	1.9
Net employment change (2)	204	34	490	412	-742	0.5	0.0	1.0	0.7	-1.4
Footnotes: (1) Includes unclassified sector not shown separately. (2) The net employment change is the difference between total gross job gains and total gross job losses. See the Technical Note for further information. (3) Except public administration.

Table 2. Private-sector gross job gains and losses as a percent of total employment by state, seasonally adjusted
Category	Gross job gains as a percent of employment (3 months ended)					Gross job losses as a percent of employment (3 months ended)
Category	Sept. 2023	Dec. 2023	Mar. 2024	June 2024	Sept. 2024	Sept. 2023	Dec. 2023	Mar. 2024	June 2024	Sept. 2024
United States(1)	5.9	6.0	5.7	5.8	5.8	6.0	5.7	5.4	5.9	5.8
Alabama	6.0	6.2	5.7	5.6	5.7	6.0	5.7	5.5	5.6	5.9
Alaska	8.5	10.2	10.5	10.2	7.9	10.5	9.9	8.6	9.6	9.7
Arizona	6.8	6.5	8.4	5.6	6.3	5.7	6.6	6.4	6.8	6.5
Arkansas	5.6	6.2	5.6	5.2	5.2	5.8	5.0	5.2	5.8	5.2
California	6.4	6.4	5.8	6.1	6.4	6.5	6.4	5.6	6.8	6.1
Colorado	5.4	8.2	6.4	6.5	6.3	6.1	7.6	7.7	6.2	6.7
Connecticut	5.8	5.6	5.6	5.8	5.5	6.2	5.7	5.2	5.6	5.7
Delaware	6.0	6.1	6.0	5.9	6.8	6.5	5.8	5.1	6.5	6.4
District of Columbia	5.4	5.2	5.1	5.1	4.9	5.4	5.6	4.9	6.0	5.0
Florida	6.5	6.1	5.8	6.0	6.6	5.9	5.9	5.4	5.9	5.7
Georgia	6.1	6.2	6.0	5.7	5.7	6.1	5.7	5.7	5.7	6.1
Hawaii	5.3	6.1	5.4	5.1	5.6	6.8	5.0	5.1	5.4	5.0
Idaho	7.2	8.5	7.9	7.5	7.2	7.9	5.8	8.3	7.4	7.6
Illinois	4.8	5.0	5.1	5.2	5.0	5.3	5.1	4.8	5.3	5.1
Indiana	5.7	5.5	5.3	5.2	5.3	5.7	5.1	5.0	5.5	5.4
Iowa	5.6	6.1	6.1	5.5	5.2	5.8	5.7	5.6	5.7	6.0
Kansas	5.7	5.8	5.7	5.8	5.3	6.0	5.3	5.6	5.7	5.6
Kentucky	5.7	5.7	5.7	5.2	5.4	5.6	5.2	5.0	5.9	5.5
Louisiana	6.2	6.3	6.2	5.7	6.1	6.0	5.8	5.7	6.3	5.8
Maine	7.0	7.4	7.2	7.3	6.2	7.8	7.0	6.1	7.0	7.0
Maryland	6.3	6.2	5.8	7.2	6.1	6.4	5.8	5.7	6.5	6.1
Massachusetts	5.4	5.5	5.2	5.7	4.9	5.9	5.5	5.1	5.6	5.8
Michigan	5.2	5.5	5.4	5.7	5.4	5.9	5.5	5.2	5.6	5.8
Minnesota	3.3	6.9	5.8	5.7	5.1	4.3	6.9	5.7	5.4	5.9
Mississippi	6.2	6.1	5.7	5.8	6.1	6.2	5.7	6.1	6.3	5.7
Missouri	5.6	6.0	5.7	5.6	5.5	5.8	5.6	5.3	5.8	5.8
Montana	7.7	8.8	8.1	7.9	7.3	8.4	7.2	7.5	7.6	8.1
Nebraska	6.0	5.9	5.8	5.4	5.6	5.9	5.7	5.1	5.6	5.6
Nevada	6.5	6.7	5.9	5.8	6.1	5.6	5.4	6.2	5.7	5.9
New Hampshire	5.8	6.2	6.5	6.1	5.5	6.7	5.9	5.8	6.0	6.7
New Jersey	6.0	5.9	5.5	5.9	5.3	6.0	5.8	5.4	5.4	5.8
New Mexico	6.4	6.9	6.0	6.0	6.2	6.8	5.8	6.0	6.3	6.3
New York	5.8	5.7	5.9	5.9	5.6	6.0	5.6	5.0	5.5	5.7
North Carolina	5.7	6.3	5.4	5.6	5.6	6.1	4.9	5.5	5.7	6.1
North Dakota	6.6	6.7	6.9	6.6	6.5	6.6	6.3	6.1	6.6	6.6
Ohio	5.2	5.4	5.5	5.2	5.1	5.6	5.2	4.8	5.4	5.4
Oklahoma	6.3	6.1	5.6	5.6	6.0	6.0	5.8	5.2	6.4	5.6
Oregon	6.1	6.2	6.4	6.0	6.3	6.7	6.2	6.1	6.4	6.6
Pennsylvania	5.2	5.2	5.1	4.9	5.1	5.1	4.8	4.6	5.1	5.1
Rhode Island	6.4	6.8	6.9	6.6	6.2	6.7	6.3	5.7	6.7	6.5
South Carolina	6.6	6.2	6.4	5.9	6.2	5.7	5.3	6.3	6.4	5.9
South Dakota	6.3	6.6	6.3	6.0	5.9	6.3	5.8	5.8	6.3	5.9
Tennessee	5.6	6.2	5.5	5.5	5.6	5.7	5.5	4.9	5.7	5.8
Texas	5.7	5.7	5.4	5.4	5.6	5.5	5.2	5.1	5.3	5.3
Utah	6.9	6.6	6.7	6.4	6.6	6.6	6.5	6.0	6.6	6.1
Vermont	6.4	7.3	7.2	6.6	6.6	7.9	6.6	6.3	7.5	7.3
Virginia	5.9	5.9	5.7	5.7	5.8	6.0	5.5	5.2	5.6	5.5
Washington	5.8	6.0	5.7	5.7	5.7	6.0	5.4	5.3	5.3	5.4
West Virginia	6.5	6.5	6.9	6.6	5.8	6.6	5.8	5.7	6.8	6.6
Wisconsin	5.2	5.5	5.5	5.3	5.0	5.8	5.2	4.8	5.5	5.4
Wyoming	8.3	8.9	8.4	8.2	8.6	8.2	8.4	8.3	9.0	9.0
Puerto Rico	5.7	4.9	5.4	5.6	5.4	5.3	4.8	4.6	4.9	5.1
Virgin Islands	8.2	6.0	5.6	4.3	4.4	6.8	5.9	4.5	5.1	6.1
Footnotes (1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands. The sum of the states will not necessarily add to the U.S. total because of the independent seasonal adjustment of each state.

Last Modified Date: Thursday, May 15, 2025

Northeast Information Office

Business Employment Dynamics in Connecticut — Third Quarter 2024