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News Release Information

23-2323-BOS
Tuesday, October 31, 2023

Contacts Technical information: Media contact:
  • (617) 565-4141

Business Employment Dynamics in Connecticut — First Quarter 2023

From December 2022 to March 2023, gross job gains from opening and expanding private-sector establishments in Connecticut were 87,749, while gross job losses from closing and contracting private-sector establishments were 75,054, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner William J. Sibley noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 12,695 jobs in the private sector during the first quarter of 2023. During the previous quarter, gross job losses exceeded gross job gains by 483.(See chart 1.)

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 Technical Note.)

Gross job gains

In the first quarter of 2023, gross job gains represented 6.1 percent of private-sector employment in Connecticut; nationally, gross job gains accounted for 6.2 percent of private-sector employment. (See chart 2.) 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 69,509 in the first quarter of 2023, an increase of 2,604 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 18,240 jobs gained in the first quarter of 2023, an increase of 749 jobs from the previous quarter.

Gross job losses

In the first quarter of 2023, gross job losses represented 5.3 percent of private-sector employment in Connecticut; nationally, gross job losses accounted for 5.4 percent of private-sector employment. (See chart 3.) 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 59,747 jobs in the first quarter of 2023, a decrease of 6,229 jobs from the prior quarter. Closing establishments lost 15,307 jobs, a decrease of 3,596 jobs from the previous quarter.

Industries

Gross job gains exceeded gross job losses in 7 of the 10 published industry sectors in Connecticut in the first quarter of 2023. Leisure and hospitality had the largest over-the-quarter net job increase, with a gain of 4,246 jobs. This was the result of 17,603 gross job gains and 13,357 gross job losses. The education and health services industry had a net gain of 3,819 jobs. Transportation and warehousing showed a net loss of 2,039 jobs, the largest loss 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 www.bls.gov/bdm/.

The Business Employment Dynamics for Second Quarter 2023 are scheduled to be released on Tuesday, January 30, 2024.

Revisions to Business Employment Dynamics (BED) Data

Data in this release contain annual revisions in accordance with standard procedures. These revisions include the previous four quarters of not seasonally adjusted data and five years of seasonally adjusted data.


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. Most employers in the U.S. are required to file quarterly reports on the employment and wages of workers covered by unemployment insurance (UI) laws, and to pay quarterly UI taxes. The QCEW is based largely on quarterly UI reports which are sent by businesses to the State Workforce Agencies (SWAs). These UI reports are supplemented by two additional BLS data collections to render administrative data into economic statistics. Together these data comprise the QCEW and form the basis of the Bureau’s establishment universe sampling frame.

In the BED program, the QCEW records are linked across quarters to provide a longitudinal history for each establishment. The linkage process allows the tracking of net employment changes at the establishment level, which in turn allows the estimation of jobs gained at opening and expanding units and jobs lost at closing and contracting units.

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all businesses in the economy. BED statistics track these changes in employment at private business establishments from the third month of one quarter to the third month of the next. Gross job gains are the sum of increases in employment from expansions at existing establishments and the addition of new jobs at opening establishments. Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. The difference between the number of gross jobs gained and the number of gross jobs lost is the net change in employment.

Gross job gains and gross job losses are expressed as rates by dividing their levels by the average of employment in the current and previous quarters. The rates are calculated for the components of gross job gains and gross job losses and then summed to form their respective totals. These rates can be added and subtracted just as their levels can. For instance, the difference between the gross job gains rate and the gross job losses rate is the net growth rate.

The formal definitions of employment changes are as follows:

Openings. These are either units with positive third month employment for the first time in the current quarter, with no links to the prior quarter, or with positive third month employment in the current quarter following zero employment in the previous quarter.

Expansions. These are units with positive employment in the third month in both the previous and current quarters, with a net increase in employment over this period.

Closings. These are units with positive third month employment in the previous quarter and either not reported, or reported with zero employment, in the current quarter.

Contractions. These are units with positive employment in the third month in both the previous and current quarters, with a net decrease in employment over this period.

The full Technical Note for the Business Employment Dynamics program, which includes information on coverage, concepts, and methodology, can be found in the current quarterly news release online at www.bls.gov/news.release/cewbd.htm.

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)
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Mar.
2023
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Mar.
2023

Total private (1)

Gross job gains

90,078 89,906 89,510 84,396 87,749 6.3 6.4 6.3 5.9 6.1

At expanding establishments

73,936 72,012 72,324 66,905 69,509 5.2 5.1 5.1 4.7 4.8

At opening establishments

16,142 17,894 17,186 17,491 18,240 1.1 1.3 1.2 1.2 1.3

Gross job losses

75,266 88,645 87,391 84,879 75,054 5.3 6.3 6.2 5.9 5.3

At contracting establishments

62,680 76,185 69,315 65,976 59,747 4.4 5.4 4.9 4.6 4.2

At closing establishments

12,586 12,460 18,076 18,903 15,307 0.9 0.9 1.3 1.3 1.1

Net employment change (2)

14,812 1,261 2,119 -483 12,695 1.0 0.1 0.1 0.0 0.8

Construction

Gross job gains

6,893 5,458 5,206 5,322 6,603 11.2 8.9 8.7 8.9 10.7

At expanding establishments

5,654 4,235 4,147 4,191 5,243 9.2 6.9 6.9 7.0 8.5

At opening establishments

1,239 1,223 1,059 1,131 1,360 2.0 2.0 1.8 1.9 2.2

Gross job losses

5,094 6,304 5,524 5,846 4,954 8.4 10.2 9.2 9.7 8.1

At contracting establishments

3,958 5,386 4,445 4,232 3,871 6.5 8.7 7.4 7.0 6.3

At closing establishments

1,136 918 1,079 1,614 1,083 1.9 1.5 1.8 2.7 1.8

Net employment change (2)

1,799 -846 -318 -524 1,649 2.8 -1.3 -0.5 -0.8 2.6

Manufacturing

Gross job gains

4,399 4,940 4,484 4,467 3,613 2.8 3.2 2.8 2.9 2.3

At expanding establishments

4,101 4,540 3,978 3,884 3,205 2.6 2.9 2.5 2.5 2.0

At opening establishments

298 400 506 583 408 0.2 0.3 0.3 0.4 0.3

Gross job losses

3,401 3,636 4,022 4,146 3,701 2.2 2.3 2.6 2.6 2.4

At contracting establishments

3,047 3,317 3,428 3,500 3,251 2.0 2.1 2.2 2.2 2.1

At closing establishments

354 319 594 646 450 0.2 0.2 0.4 0.4 0.3

Net employment change (2)

998 1,304 462 321 -88 0.6 0.9 0.2 0.3 -0.1

Wholesale trade

Gross job gains

3,262 3,514 3,307 2,920 2,720 5.6 5.9 5.4 4.8 4.5

At expanding establishments

2,565 2,768 2,738 2,291 2,125 4.4 4.6 4.5 3.8 3.5

At opening establishments

697 746 569 629 595 1.2 1.3 0.9 1.0 1.0

Gross job losses

2,227 2,912 2,909 3,212 2,464 3.7 4.9 4.8 5.3 4.1

At contracting establishments

1,612 2,304 2,067 2,124 1,869 2.7 3.9 3.4 3.5 3.1

At closing establishments

615 608 842 1,088 595 1.0 1.0 1.4 1.8 1.0

Net employment change (2)

1,035 602 398 -292 256 1.9 1.0 0.6 -0.5 0.4

Retail trade

Gross job gains

10,581 9,555 10,547 9,313 9,554 6.4 5.6 6.3 5.6 5.8

At expanding establishments

9,627 8,514 9,076 7,546 8,269 5.8 5.0 5.4 4.5 5.0

At opening establishments

954 1,041 1,471 1,767 1,285 0.6 0.6 0.9 1.1 0.8

Gross job losses

8,432 11,092 11,007 10,704 8,163 5.0 6.6 6.5 6.5 4.9

At contracting establishments

7,424 10,147 9,457 9,572 7,202 4.4 6.0 5.6 5.8 4.3

At closing establishments

1,008 945 1,550 1,132 961 0.6 0.6 0.9 0.7 0.6

Net employment change (2)

2,149 -1,537 -460 -1,391 1,391 1.4 -1.0 -0.2 -0.9 0.9

Transportation and warehousing

Gross job gains

3,986 3,694 3,041 5,886 3,394 6.0 5.6 4.7 9.0 5.2

At expanding establishments

3,637 3,365 2,689 5,565 2,919 5.5 5.1 4.2 8.5 4.5

At opening establishments

349 329 352 321 475 0.5 0.5 0.5 0.5 0.7

Gross job losses

3,447 5,611 5,017 3,060 5,433 5.2 8.6 7.9 4.7 8.3

At contracting establishments

3,168 5,367 4,724 2,665 5,150 4.8 8.2 7.4 4.1 7.9

At closing establishments

279 244 293 395 283 0.4 0.4 0.5 0.6 0.4

Net employment change (2)

539 -1,917 -1,976 2,826 -2,039 0.8 -3.0 -3.2 4.3 -3.1

Financial activities

Gross job gains

5,154 5,523 5,813 5,488 4,129 4.4 4.7 5.0 4.7 3.5

At expanding establishments

4,398 4,333 4,543 4,303 3,177 3.8 3.7 3.9 3.7 2.7

At opening establishments

756 1,190 1,270 1,185 952 0.6 1.0 1.1 1.0 0.8

Gross job losses

4,764 6,407 5,921 5,958 4,480 4.1 5.5 5.1 5.1 3.8

At contracting establishments

3,935 5,444 4,543 4,511 3,497 3.4 4.7 3.9 3.9 3.0

At closing establishments

829 963 1,378 1,447 983 0.7 0.8 1.2 1.2 0.8

Net employment change (2)

390 -884 -108 -470 -351 0.3 -0.8 -0.1 -0.4 -0.3

Professional and business services

Gross job gains

16,353 15,620 15,619 14,711 14,459 7.4 7.0 7.0 6.7 6.5

At expanding establishments

13,224 11,574 12,048 11,228 11,143 6.0 5.2 5.4 5.1 5.0

At opening establishments

3,129 4,046 3,571 3,483 3,316 1.4 1.8 1.6 1.6 1.5

Gross job losses

13,202 16,562 16,378 16,075 14,115 6.0 7.5 7.4 7.3 6.4

At contracting establishments

9,956 14,156 12,271 11,469 10,660 4.5 6.4 5.5 5.2 4.8

At closing establishments

3,246 2,406 4,107 4,606 3,455 1.5 1.1 1.9 2.1 1.6

Net employment change (2)

3,151 -942 -759 -1,364 344 1.4 -0.5 -0.4 -0.6 0.1

Education and health services

Gross job gains

13,459 15,217 17,000 13,672 16,011 4.1 4.6 5.1 4.0 4.7

At expanding establishments

11,429 12,785 14,262 11,268 13,311 3.5 3.9 4.3 3.3 3.9

At opening establishments

2,030 2,432 2,738 2,404 2,700 0.6 0.7 0.8 0.7 0.8

Gross job losses

14,636 14,222 12,613 13,296 12,192 4.5 4.3 3.8 4.0 3.6

At contracting establishments

12,429 11,844 9,954 10,675 9,226 3.8 3.6 3.0 3.2 2.7

At closing establishments

2,207 2,378 2,659 2,621 2,966 0.7 0.7 0.8 0.8 0.9

Net employment change (2)

-1,177 995 4,387 376 3,819 -0.4 0.3 1.3 0.0 1.1

Leisure and hospitality

Gross job gains

16,245 17,263 15,932 14,964 17,603 11.3 11.7 10.6 10.0 11.7

At expanding establishments

13,571 13,775 13,061 11,714 14,465 9.4 9.3 8.7 7.8 9.6

At opening establishments

2,674 3,488 2,871 3,250 3,138 1.9 2.4 1.9 2.2 2.1

Gross job losses

13,332 14,399 16,993 14,995 13,357 9.2 9.7 11.4 10.0 8.9

At contracting establishments

11,597 12,467 13,899 12,022 10,550 8.0 8.4 9.3 8.0 7.0

At closing establishments

1,735 1,932 3,094 2,973 2,807 1.2 1.3 2.1 2.0 1.9

Net employment change (2)

2,913 2,864 -1,061 -31 4,246 2.1 2.0 -0.8 0.0 2.8

Other services (3)

Gross job gains

3,921 4,033 3,986 3,547 4,257 8.2 8.3 8.1 7.3 8.6

At expanding establishments

3,185 3,247 3,130 2,574 3,061 6.7 6.7 6.4 5.3 6.2

At opening establishments

736 786 856 973 1,196 1.5 1.6 1.7 2.0 2.4

Gross job losses

3,310 3,340 3,766 4,054 3,132 7.0 6.9 7.7 8.2 6.4

At contracting establishments

2,657 2,532 2,633 2,912 2,259 5.6 5.2 5.4 5.9 4.6

At closing establishments

653 808 1,133 1,142 873 1.4 1.7 2.3 2.3 1.8

Net employment change (2)

611 693 220 -507 1,125 1.2 1.4 0.4 -0.9 2.2

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)
Mar. 2022 June 2022 Sept. 2022 Dec. 2022 Mar. 2023 Mar. 2022 June 2022 Sept. 2022 Dec. 2022 Mar. 2023

United States(1)

6.7 6.6 6.9 6.3 6.2 5.5 6.2 5.9 5.9 5.4

Alabama

6.4 6.6 6.9 6.6 6.4 5.9 6.2 5.9 6.1 5.5

Alaska

10.2 10.2 8.5 10.9 10.4 9.5 9.0 10.4 9.2 8.0

Arizona

6.7 6.5 7.1 6.6 5.9 5.7 6.3 5.5 6.0 5.4

Arkansas

6.3 6.1 6.5 6.2 5.8 5.6 5.5 5.2 5.2 5.0

California

7.3 6.8 6.8 6.6 6.1 5.7 6.7 6.2 6.6 6.4

Colorado

7.5 7.3 7.0 7.6 7.2 6.3 6.6 7.1 6.9 6.5

Connecticut

6.3 6.4 6.3 5.9 6.1 5.3 6.3 6.2 5.9 5.3

Delaware

7.3 6.5 8.6 7.0 6.7 5.5 6.9 6.2 7.5 5.2

District of Columbia

6.1 6.1 7.2 5.6 5.9 5.1 6.3 5.0 5.5 4.8

Florida

6.5 7.5 7.8 6.2 6.3 5.7 6.3 5.6 6.0 5.6

Georgia

7.7 6.8 7.1 6.7 6.2 5.8 6.2 5.9 5.9 5.8

Hawaii

6.3 6.0 6.4 6.0 5.5 5.1 5.5 4.9 4.9 5.0

Idaho

8.6 7.1 7.8 8.4 7.9 6.2 8.4 7.5 6.9 7.5

Illinois

6.3 5.9 5.8 5.4 5.8 5.2 5.5 5.3 5.1 4.8

Indiana

5.9 5.7 6.4 5.7 5.5 4.9 5.9 5.5 5.2 5.0

Iowa

6.5 5.9 5.9 6.4 6.0 5.4 6.2 5.9 6.2 5.4

Kansas

6.4 6.5 7.4 6.3 6.1 5.5 7.1 5.5 5.6 5.4

Kentucky

6.7 6.3 6.6 6.0 6.1 5.7 6.5 5.4 5.3 4.9

Louisiana

6.7 6.7 6.9 6.1 6.3 6.3 6.4 5.7 6.2 5.6

Maine

8.5 7.2 7.6 7.4 7.7 6.3 8.0 7.3 6.8 6.2

Maryland

6.7 6.5 7.4 6.6 6.8 6.9 6.9 6.0 6.9 5.6

Massachusetts

6.8 6.1 6.2 5.5 5.8 5.1 5.5 6.1 5.8 4.7

Michigan

6.3 6.0 5.7 5.9 5.7 4.9 5.9 5.8 5.2 4.9

Minnesota

6.2 6.4 6.5 5.9 5.7 5.4 6.4 5.9 5.8 4.9

Mississippi

6.3 6.6 7.2 6.8 6.1 6.2 6.7 6.3 6.2 5.7

Missouri

6.5 6.2 6.8 6.1 6.5 5.4 5.9 6.3 5.8 5.1

Montana

9.3 8.2 8.7 9.2 8.7 7.6 9.1 7.8 7.8 7.1

Nebraska

6.8 6.4 7.1 6.0 6.3 5.9 6.5 6.1 5.7 5.1

Nevada

6.8 6.9 7.4 6.4 6.2 5.5 5.7 5.8 6.1 5.7

New Hampshire

7.7 6.7 6.9 6.7 7.0 5.6 6.7 6.7 6.0 5.9

New Jersey

7.1 6.6 6.8 6.8 6.1 5.7 6.2 6.4 5.9 5.7

New Mexico

7.6 6.7 8.0 6.7 6.8 6.2 7.1 5.9 6.2 5.9

New York

6.8 7.1 6.6 5.9 6.5 5.4 6.1 5.9 6.0 5.1

North Carolina

6.6 6.4 6.7 6.6 6.4 5.4 6.1 5.8 5.7 5.3

North Dakota

7.5 6.9 7.6 6.4 7.6 6.4 6.5 6.3 6.7 5.6

Ohio

6.4 5.9 5.8 5.9 5.8 4.9 5.9 5.5 5.7 4.9

Oklahoma

6.4 6.7 7.4 6.6 6.3 6.0 6.1 5.6 5.9 5.3

Oregon

7.6 6.0 6.7 6.5 7.3 5.6 7.0 6.0 6.2 6.1

Pennsylvania

6.3 5.5 6.1 5.5 5.5 4.8 5.6 5.1 5.2 4.6

Rhode Island

7.9 7.1 6.7 6.9 7.5 6.0 6.7 7.3 6.4 5.9

South Carolina

7.1 6.6 7.3 6.9 6.8 6.1 6.2 5.6 6.2 5.8

South Dakota

7.7 6.6 7.3 6.5 7.2 6.1 6.5 6.4 6.5 5.9

Tennessee

6.6 6.2 7.0 5.8 5.9 4.8 6.2 5.5 5.6 5.0

Texas

6.3 6.6 7.2 6.2 5.9 5.3 5.8 5.3 5.3 5.0

Utah

7.9 7.0 7.5 6.9 7.0 5.9 6.6 6.8 6.6 6.2

Vermont

8.8 7.5 7.2 7.8 8.2 6.4 7.6 7.8 7.0 6.0

Virginia

6.6 6.5 7.5 6.2 6.2 5.8 6.7 6.1 5.8 5.2

Washington

7.3 7.0 7.2 5.9 6.4 5.4 7.2 6.3 5.3 5.5

West Virginia

7.4 6.7 8.1 6.6 7.1 6.1 8.0 6.9 6.4 5.3

Wisconsin

6.6 6.0 6.0 6.0 6.0 4.8 6.0 5.8 5.5 4.9

Wyoming

9.2 8.4 9.2 9.2 8.9 8.3 9.2 8.4 7.9 7.8

Puerto Rico

7.4 6.7 6.2 6.6 5.1 5.0 6.1 5.3 6.1 5.7

Virgin Islands

7.4 8.0 8.5 5.9 7.5 8.8 9.2 5.5 4.7 6.5

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: Tuesday, October 31, 2023