Académique Documents
Professionnel Documents
Culture Documents
ECONOMIC DIGEST
Vol.3 No.8 A joint publication of the Connecticut Department of Labor & the Connecticut Department of Economic and Community Development
ice
l
n
ial
ns
rs
n
rt
na
Per
ermit
tio
tio
or
po
re
er
Sa
cia
rv
sio
at
uc
ta
bo
ag
up
Se
ni
er
es
or
od
La
.S
ch
Op
sp
of
Pr
M
Te
m
Pr
an
h.
Ad
At a Glance ............................... 24
Tr
ac
M
ECONOMIC DIGEST
supports the common belief that the women cited seasonal work,
today’s economy is moving
toward hiring more educated Employment, 1996
The Connecticut Economic Digest is
and highly skilled workers, Full-time Part-time published monthly by the Connecticut
while persons with less educa- 1,000
Department of Labor, Office of Research and
tion and skill are facing more the Connecticut Department of Economic and
800 Community Development, Public and
limited job prospects. Government Relations Division. Its purpose is
Thousands
The data further confirm 600 to regularly provide users with a compre-
that Connecticut workers hensive source for the most current, up-to-date
400 data available on the workforce and economy
shifted from manufacturing
of the state, within perspectives of the region
jobs to service jobs over the 200 and nation.
decade, as the percentage of 0 The views expressed by authors are theirs
workers in manufacturing alone and do not necessarily reflect those of
Men Women
declined from 26.2% to 17.7%. the Departments of Labor or Economic and
The services industries now job started or ended, own illness, Community Development.
employ more than one of every child-care problems, other family To receive this publication free of charge write
to: The Connecticut Economic Digest,
four workers (27% in 1996), while or personal obligations, labor Connecticut Department of Labor, Office of
nearly the same percentage of dispute, in school or training, and Research, 200 Folly Brook Boulevard,
workers can be found in wholesale civic or military duty as reasons Wethersfield, CT 06109-1114; or call: (860)
and retail trade (17.3%) as in for working part time. Many 566-7823. Current subscribers who do not wish
to continue receiving the publication or who
manufacturing. women worked in the services and have a change of address are asked to fill out
trade sectors, where part-time the information on the back cover and return it
Women In The Workforce positions are plentiful. In 1996, to the above address.
From 1986 to 1996, the compo- more than a third of women Contributing DOL Staff: Salvatore DiPillo,
sition of Connecticut’s labor force worked in the services industry, Lincoln S. Dyer, Arthur Famiglietti, Noreen
Passardi and Joseph Slepski. Managing
has changed as women have and almost 17% in the trade Editor: J. Charles Joo. Contributing DECD
entered the workforce in increasing sector. For men, despite the Staff: Todd Bentsen, Kolie Chang and Mark
numbers. Chart below shows that overall decline, almost one in four Prisloe. We would also like to thank our
were still employed in associates at the Connecticut Center for
Economic Analysis, University of Connecticut,
manufacturing in 1996. for their contributions to the Digest.
Labor Force Participation Rate Although many
women still worked in
80% 1986 1996
the administrative sup-
port (including clerical) Connecticut
70% and service occupations Department of Labor
in 1996, nearly one in
James P. Butler, Commissioner
60% five females also worked William R. Bellotti, Deputy Commissioner
in the professional field, Jean E. Zurbrigen, Deputy Commissioner
50% which was a higher
Roger F. Therrien, Director
Men Women proportion than men in Office of Research
the same field. Even 200 Folly Brook Boulevard
their participation rate increased more women were employed in Wethersfield, CT 06109-1114
Phone: (860) 566-7823
from 60.8% in 1986 to 62.5% in management positions than previ- Fax: (860) 566-7963
1996 as a consequence of socioeco- ously, rising in employment share E-Mail: salvatore.dipillo@po.state.ct.us
nomic changes such as the rise of from 11.6% in 1986 to 16.2% in
single-parent households and the 1996, as their share in the sales Connecticut Department
decline in buying power over the and administrative support occupa-
last decade. By contrast, men’s tions declined. A greater propor-
of Economic and
participation rate decreased from tion of women workers entered Community Development
80.0% to 74.5% over the same technical fields than ten years James F. Abromaitis, Commissioner
period. earlier as well, as men’s share in Rita Zangari, Deputy Commissioner
As more women entered the that field actually declined over the Public and Government Relations Division
labor force, many were drawn to same time. Research Unit
DECD
part-time jobs. In 1996, almost 505 Hudson Street
Hartford, CT 06106-2502
one third (31.1%) of working A Diverse Workforce Phone: (860) 270-8165
RESEARCH
females worked part time, while Blacks and Hispanics now Fax: (860) 270-8188
this was the case for only 11.8% of make up a larger share of the E-Mail: decd@po.state.ct.us
●
2 THE CONNECTICUT ECONOMIC DIGEST August 1998
Labor Force Composition
Industry Clusters
Non- Non-
white white Bio-Tech Cluster Advances
7% 12%
White
White
B iotechnology is a growth
industry in Connecticut.
The emergence of this cluster is
93% 88%
a prime example of the cluster
concept: groups of industries
1986 1996 that create products or services
related by a common technol-
ogy, market, or need, and the
firms that support them.
working-age population than they races” group are not presented and Connecticut offers proximity to
did ten years ago. They consti- Hispanics are included in both the three major research centers
tuted 6% and 3%, respectively, of white and black population critical to biotech. Yale, espe-
the total labor force in 1986. By groups). These figures show that cially its Medical Center, is one
1996, the figures had grown to minorities have undoubtedly of the top-funded research
10% for blacks and 5% for Hispan- become a significant part of State’s institutions in the U.S. The
ics. The number of whites in the workforce. Indeed, the number of University of Connecticut Health
labor force, on the other hand, blacks and Hispanics working full Center and its Schools of Medi-
shrank from 93% in 1986 to 88% time grew dramatically, by almost cine and Dental Medicine in
in 1996 (detail for race and His- 50% each over the decade, while Farmington plus the Storrs
panic-origin groups will not add to the number working part-time campus receive total research
totals because data for the “other doubled. funding in excess of $112
million per year. Potential exists
at Avery Point and Stamford.
(Continued On Page 4)
●
4 THE CONNECTICUT ECONOMIC DIGEST August 1998
LEADING AND COINCIDENT INDICATORS
LEADING INDEX COINCIDENT INDEX
105 120
Peak
02/89
100
100
95
80 Peak
03/80 Trough
90 06/92
60 Peak Trough
Peak
05/74 01/83
85 12/69
40
80 Trough
Trough
09/75
10/71
75 20
70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98
The distance from peak to trough, indicated by the shaded areas, measures the duration of an employment cycle recession. The vertical scale in
both charts is an index with 1987=100.
●
6 THE CONNECTICUT ECONOMIC DIGEST August 1998
ECONOMIC INDICATORS
Air cargo tons for May were up
BUSINESS ACTIVITY
ACTIVITY
9.9 percent from the month
Y/Y % YEAR TO DATE %
MONTH LEVEL CHG CURRENT PRIOR CHG before and electricity sales for
New Housing Permits JUN 1998 1,203 35.8 5,313 4,616 15.1 March were nearly unchanged
Electricity Sales (mil kWh) APR 1998 2,171 1.1 9,418 9,417 0.0 from their level in the same
Retail Sales (Bil. $) APR 1998 2.90 21.8 10.96 10.25 6.9
month a year ago.
Construction Contracts
Index (1980=100) MAY 1998 175.0 -17.9 --- --- ---
New Auto Registrations JUN 1998 19,813 20.3 110,283 101,655 8.5
Air Cargo Tons MAY 1998 11,172 9.9 55,715 57,218 -2.6
Sources: Department of Economic and Community Development; U.S. Department of Energy, Energy Information
Administration; Connecticut Department of Revenue Services; F.W. Dodge; Connecticut
Department of Motor Vehicles; Connecticut Department of Transportation, Bureau of Aviation and Ports
1,600
May 1,581.5 1,609.3 1,641.8
1,550 Jun 1,583.9 1,611.1 1,645.0
Jul 1,580.7 1,611.9
1,500
Aug 1,588.9 1,616.1
1,450 Sep 1,586.7 1,621.7
Oct 1,598.2 1,627.2
1,400
Nov 1,600.4 1,634.6
84 85 86 87 88 89 90 91 92 93 94 95 96 97 98
Dec 1,601.9 1,642.6
AVERAGE WEEKLY INITIAL CLAIMS (Seasonally adjusted) Month 1996 1997 1998
Jan 4,702 3,946 3,386
9,000
Feb 4,666 3,903 3,578
8,000 Mar 4,192 4,012 3,444
7,000 Apr 4,250 4,326 3,493
6,000 May 4,374 3,768 3,677
Jun 4,211 4,100 4,093
5,000
Jul 4,355 3,621
4,000 Aug 4,223 3,799
3,000 Sep 4,194 3,629
Oct 4,193 3,503
2,000
Nov 3,881 3,670
84 85 86 87 88 89 90 91 92 93 94 95 96 97 98
Dec 4,383 4,178
●
10 THE CONNECTICUT ECONOMIC DIGEST August 1998
ECONOMIC INDICATOR TRENDS
REAL AVG MANUFACTURING HOURLY EARNINGS (Not seasonally adjusted)Month 1996 1997 1998
Jan $9.22 $9.09 $9.26
9.6
Feb 9.10 9.06 9.25
9.4 Mar 9.12 9.08 9.29
1982-84 Dollars
AVG MANUFACTURING WEEKLY HOURS (Not seasonally adjusted) Month 1996 1997 1998
Jan 39.1 42.7 42.7
45
Feb 42.6 42.1 42.9
44 Mar 43.0 42.4 42.7
43 Apr 42.0 42.5 42.6
42 May 42.7 42.4 42.9
Jun 43.0 42.5 43.1
41
Jul 42.2 41.9
40 Aug 42.6 42.0
39 Sep 43.1 43.0
Oct 42.9 42.8
38
Nov 43.2 43.1
84 85 86 87 88 89 90 91 92 93 94 95 96 97 98
Dec 43.4 43.4
HARTFORD HELP WANTED INDEX (Seasonally adjusted) Month 1996 1997 1998
Jan 35 35 35
120
Feb 33 36 38
100 Mar 34 34 37
Apr 34 36 37
1987=100
80
May 35 36 40
60 Jun 36 38 39
Jul 34 35
40
Aug 32 34
20 Sep 35 36
Oct 35 35
0
Nov 36 37
84 85 86 87 88 89 90 91 92 93 94 95 96 97 98
Dec 35 36
DOL NEWLY REGISTERED EMPLOYERS (12-month moving average) Month 1996 1997 1998
Jan 810 833 868
1,100
Feb 794 840 870
1,000 Mar 812 856 846
Apr 813 849 878
900
May 811 856 861
800 Jun 838 848 836
Jul 833 856
700
Aug 833 862
600 Sep 838 854
Oct 825 859
500
Nov 825 859
84 85 86 87 88 89 90 91 92 93 94 95 96 97 98
Dec 828 852
HEALTH SERVICES EMPLOYMENT (Not seasonally adjusted) Month 1996 1997 1998
Jan 152.3 155.7 157.2
170
Feb 152.8 155.6 156.8
160 Mar 153.7 156.2 157.1
Apr 153.7 156.0 157.1
Thousands
150
May 154.2 156.7 158.0
140 Jun 155.3 157.5 159.2
Jul 154.4 156.7
130
Aug 155.2 157.2
120 Sep 156.2 157.5
Oct 155.6 157.2
110
Nov 156.6 158.0
84 85 86 87 88 89 90 91 92 93 94 95 96 97 98
Dec 157.4 158.8
●
12 THE CONNECTICUT ECONOMIC DIGEST August 1998
ECONOMIC INDICATOR TRENDS
PERSONAL INCOME (Seasonally adjusted) Quarter 1996 1997 1998
14 First 4.4 9.1 6.6
Year-over-year % changes
60
Second 5.6 6.3 10.9
50
Third 4.8 8.6 10.3
40
Fourth 6.7 9.9 7.7
30
20
10
0
-10
-20
-30
84 85 86 87 88 89 90 91 92 93 94 95 96 97 98
U.S. EMPLOYMENT COST INDEX (Seasonally adjusted) Quarter 1996 1997 1998
First 2.8 2.8 3.3
7
Second 2.8 2.8 3.4
Year-over-year % changes
U.S. CONSUMER PRICE INDEX (Not seasonally adjusted) Month 1996 1997 1998
Jan 2.7 3.0 1.6
7
Feb 2.7 3.0 1.4
Year-over-year % changes
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1997.
*Total excludes workers idled due to labor-management disputes. **Includes Indian tribal government employment.
●
14 THE CONNECTICUT ECONOMIC DIGEST August 1998
NONFARM EMPLOYMENT ESTIMATES
BRIDGEPORT LMA Not Seasonally Adjusted
JUN JUN CHANGE MAY
1998 1997 NO. % 1998
For further information on the Bridgeport Labor Market Area contact Arthur Famiglietti at (860) 566-3472.
DANB UR
ANBUR Y LMA
URY Not Seasonally Adjusted
JUN JUN CHANGE MAY
1998 1997 NO. % 1998
For further information on the Danbury Labor Market Area contact Arthur Famiglietti at (860) 566-3472.
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1997.
*Total excludes workers idled due to labor-management disputes.
For further information on the Danielson Labor Market Area contact Noreen Passardi at (860) 566-3470.
For further information on the Hartford Labor Market Area contact Arthur Famiglietti at (860) 566-3472.
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1997.
*Total excludes workers idled due to labor-management disputes.
●
16 THE CONNECTICUT ECONOMIC DIGEST August 1998
NONFARM EMPLOYMENT ESTIMATES
LOWER RIVER LMA Not Seasonally Adjusted
JUN JUN CHANGE MAY
1998 1997 NO. % 1998
For further information on the Lower River Labor Market Area contact Noreen Passardi at (860) 566-3470.
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1997.
*Total excludes workers idled due to labor-management disputes.
For further information on the New London Labor Market Area contact Lincoln Dyer at (860) 566-3470.
STAMFORD LMA
STAMFORD Not Seasonally Adjusted
JUN JUN CHANGE MAY
1998 1997 NO. % 1998
●
18 THE CONNECTICUT ECONOMIC DIGEST August 1998
NONFARM EMPLOYMENT ESTIMATES
TORRINGTON LMA
ORRINGTON Not Seasonally Adjusted
JUN JUN CHANGE MAY
1998 1997 NO. % 1998
For further information on the Torrington Labor Market Area contact Joseph Slepski at (860) 566-7823.
WATERB UR
TERBUR Y LMA
URY Not Seasonally Adjusted
JUN JUN CHANGE MAY
1998 1997 NO. % 1998
For further information on the Waterbury Labor Market Area contact Joseph Slepski at (860) 566-7823.
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1997.
*Total excludes workers idled due to labor-management disputes.
BRIDGEPORT LMA Civilian Labor Force 222,400 223,600 -1,200 -0.5 217,700
Employed 211,600 209,300 2,300 1.1 207,900
Unemployed 10,800 14,300 -3,500 -24.5 9,800
Unemployment Rate 4.9 6.4 -1.5 --- 4.5
DANBURY LMA Civilian Labor Force 110,300 109,500 800 0.7 108,900
Employed 107,200 105,600 1,600 1.5 106,300
Unemployed 3,000 3,900 -900 -23.1 2,600
Unemployment Rate 2.7 3.5 -0.8 --- 2.4
DANIELSON LMA Civilian Labor Force 34,500 34,200 300 0.9 33,600
Employed 32,500 31,700 800 2.5 31,800
Unemployed 2,000 2,500 -500 -20.0 1,800
Unemployment Rate 5.9 7.3 -1.4 --- 5.4
HARTFORD LMA Civilian Labor Force 590,000 594,600 -4,600 -0.8 582,500
Employed 565,500 560,800 4,700 0.8 560,300
Unemployed 24,500 33,800 -9,300 -27.5 22,200
Unemployment Rate 4.2 5.7 -1.5 --- 3.8
LOWER RIVER LMA Civilian Labor Force 12,700 12,600 100 0.8 12,400
Employed 12,300 12,100 200 1.7 12,100
Unemployed 400 500 -100 -20.0 300
Unemployment Rate 3.0 4.0 -1.0 --- 2.5
NEW HAVEN LMA Civilian Labor Force 271,500 276,500 -5,000 -1.8 268,200
Employed 260,700 261,000 -300 -0.1 258,200
Unemployed 10,700 15,500 -4,800 -31.0 10,000
Unemployment Rate 3.9 5.6 -1.7 --- 3.7
NEW LONDON LMA Civilian Labor Force 158,800 158,000 800 0.5 154,700
Employed 151,600 148,700 2,900 2.0 148,200
Unemployed 7,100 9,300 -2,200 -23.7 6,600
Unemployment Rate 4.5 5.9 -1.4 --- 4.2
STAMFORD LMA Civilian Labor Force 201,000 197,600 3,400 1.7 196,200
Employed 195,700 190,900 4,800 2.5 191,500
Unemployed 5,300 6,600 -1,300 -19.7 4,700
Unemployment Rate 2.7 3.4 -0.7 --- 2.4
WATERBURY LMA Civilian Labor Force 121,700 120,300 1,400 1.2 119,400
Employed 116,100 113,000 3,100 2.7 114,200
Unemployed 5,600 7,300 -1,700 -23.3 5,200
Unemployment Rate 4.6 6.1 -1.5 --- 4.4
UNITED STATES Civilian Labor Force 138,798,000 137,557,000 1,241,000 0.9 137,240,000
Employed 132,265,000 130,463,000 1,802,000 1.4 131,476,000
Unemployed 6,534,000 7,094,000 -560,000 -7.9 5,764,000
Unemployment Rate 4.7 5.2 -0.5 --- 4.2
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1997.
●
20 THE CONNECTICUT ECONOMIC DIGEST August 1998
MANUFACTURING HOURS AND EARNINGS
AVG WEEKLY EARNINGS AVG WEEKLY HOURS AVG HOURLY EARNINGS
JUN CHG MAY JUN CHG MAY JUN CHG MAY
(Not seasonally adjusted) 1998 1997 Y/Y 1998 1998 1997 Y/Y 1998 1998 1997 Y/Y 1998
MANUFACTURING $638.31 $611.15 $27.16 $632.78 43.1 42.5 0.6 42.9 $14.81 $14.38 $0.43 $14.75
DURABLE GOODS 654.26 625.31 28.96 648.43 43.3 42.8 0.5 43.2 15.11 14.61 0.50 15.01
Lumber & Furniture 491.47 468.86 22.61 482.57 41.3 41.9 -0.6 41.0 11.90 11.19 0.71 11.77
Stone, Clay and Glass 639.72 593.12 46.60 630.09 46.9 44.0 2.9 45.2 13.64 13.48 0.16 13.94
Primary Metals 650.54 603.37 47.17 625.95 46.5 44.3 2.2 45.0 13.99 13.62 0.37 13.91
Fabricated Metals 597.02 586.77 10.26 598.84 43.2 43.4 -0.2 43.3 13.82 13.52 0.30 13.83
Machinery 700.00 676.85 23.16 698.34 44.7 44.5 0.2 45.2 15.66 15.21 0.45 15.45
Electrical Equipment 505.77 488.35 17.42 501.43 40.3 40.9 -0.6 40.9 12.55 11.94 0.61 12.26
Trans. Equipment 829.39 768.53 60.86 823.44 44.4 41.7 2.7 43.8 18.68 18.43 0.25 18.80
Instruments 595.94 601.80 -5.86 592.56 41.5 42.5 -1.0 41.7 14.36 14.16 0.20 14.21
Miscellaneous Mfg 601.38 574.43 26.94 591.64 42.5 42.9 -0.4 42.2 14.15 13.39 0.76 14.02
NONDUR. GOODS 599.25 578.64 20.61 595.02 42.5 41.9 0.6 42.2 14.10 13.81 0.29 14.10
Food 551.15 504.78 46.37 541.58 43.5 42.1 1.4 43.5 12.67 11.99 0.68 12.45
Textiles 495.13 469.70 25.43 476.19 42.5 41.9 0.6 41.3 11.65 11.21 0.44 11.53
Apparel 351.14 337.79 13.35 338.13 40.5 39.6 0.9 39.0 8.67 8.53 0.14 8.67
Paper 696.78 704.09 -7.31 700.57 44.1 46.2 -2.1 44.2 15.80 15.24 0.56 15.85
Printing & Publishing 576.24 549.17 27.07 582.43 38.7 37.9 0.8 39.3 14.89 14.49 0.40 14.82
Chemicals 804.15 783.15 21.00 797.45 45.0 45.4 -0.4 44.6 17.87 17.25 0.62 17.88
Rubber & Misc. Plast. 526.80 497.12 29.68 520.80 43.9 41.6 2.3 43.4 12.00 11.95 0.05 12.00
CONSTRUCTION 822.36 788.95 33.41 822.48 42.0 42.1 -0.1 42.2 19.58 18.74 0.84 19.49
LMAs AVG WEEKLY EARNINGS AVG WEEKLY HOURS AVG HOURLY EARNINGS
JUN CHG MAY JUN CHG MAY JUN CHG MAY
MANUFACTURING 1998 1997 Y/Y 1998 1998 1997 Y/Y 1998 1998 1997 Y/Y 1998
Bridgeport $655.87 $632.58 $23.29 $652.88 42.7 42.8 -0.1 42.7 $15.36 $14.78 $0.58 $15.29
Danbury 640.93 640.92 0.01 645.79 42.9 43.6 -0.7 43.4 14.94 14.70 0.24 14.88
Danielson 469.13 463.73 5.40 467.78 40.2 40.5 -0.3 40.5 11.67 11.45 0.22 11.55
Hartford 672.88 643.81 29.07 667.44 43.3 42.3 1.0 43.2 15.54 15.22 0.32 15.45
Lower River 540.42 525.81 14.61 536.07 40.3 42.2 -1.9 41.3 13.41 12.46 0.95 12.98
New Haven 631.73 602.62 29.11 614.24 42.8 42.8 0.0 42.1 14.76 14.08 0.68 14.59
New London 643.02 613.79 29.23 643.58 42.0 41.5 0.5 41.9 15.31 14.79 0.52 15.36
Stamford 547.37 553.78 -6.41 545.60 40.1 40.6 -0.5 40.0 13.65 13.64 0.01 13.64
Torrington 541.73 533.41 8.32 546.04 41.8 42.2 -0.4 42.1 12.96 12.64 0.32 12.97
Waterbury 613.02 589.19 23.83 604.15 43.6 44.3 -0.7 43.0 14.06 13.30 0.76 14.05
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1997.
●
22 THE CONNECTICUT ECONOMIC DIGEST August 1998
TECHNICAL NOTES
BUSINESS ST AR TS AND TERMINA
STAR TIONS
TERMINATIONS
DOL newly registered employers are those businesses newly registered with the Labor Department’s unemployment insurance program (includ-
ing reopened accounts) during the month. DOL discontinued employers are those accounts that are terminated due to inactivity (no employees)
or business closure. Registrations and terminations of business entities as recorded with the Secretary of the State are an indication of new
business formation and activity. These registrations include limited liability companies, limited liability partnerships, and foreign-owned (out-of-
state) and domestic-owned (in-state) corporations.
INITIAL CLAIMS
Average weekly initial claims are calculated by dividing the total number of new claims for unemployment insurance received in the month by the
number of weeks in the month. A minor change in methodology takes effect with data published in the March 1997 issue of the DIGEST. Data
have been revised back to January 1980.
The Bureau of Labor Statistics has identified the five towns of Canaan, Kent, North Canaan, Salisbury and Sharon as a separate area for
reporting labor force data. For the convenience of our data users, data for these towns are included in the Torrington Labor Market Area. For the
same purpose, data for the town of Thompson, which is officially part of the Worcester Metropolitan Statistical Area, are included in the
Danielson Labor Market Area. Also, data for Hopkinton and Westerly, Rhode Island are included in the New London Labor Market Area.
UI COVERED W AGES
WAGES
UI covered wages is the total amount paid to those employees who are covered under the Connecticut’s Unemployment Insurance (UI) law for
services performed during the quarter. The fluctuations in the 1992-93 period reflect the effect of the changes in the tax law and the massive
restructuring in the state’s economy.
Leading Employment Index ......... +2.7 Business Activity Tour ism and Tr avel
ourism
Coincident Employment Index ..... +7.9 New Housing Permits .................. +35.8 Tourism Inquiries ............................. -8.8
Electricity Sales ............................. +1.1 Tourism Info Centers ...................... +8.7
Total Nonfar
Nonfar
armm Employment ......... +2.1
Employment Retail Sales ................................. +21.8 Attraction Visitors ......................... +21.7
Construction Contracts Index ........ -17.9 Hotel-Motel Occupancy .................. +2.2
Unemployment ........................... -1.4* New Auto Registrations ................ +20.3 Air Passenger Count ..................... +4.3
Labor Force .................................... -0.2 Air Cargo Tons ............................... +9.9
Employed ...................................... +1.3 Employment Cost Index (U.S.)
Unemployed ................................. -27.3 Total ............................................... +3.5
Business Starts Wages & Salaries .......................... +4.0
Aver age Weekly Initial Claims ....... -0.2
erage Secretary of the State .................. +20.2 Benefit Costs ................................. +2.6
Help Wanted Inde x -- Har
Index tf
Hartf ord ...... +2.6
tford Dept. of Labor .............................. +21.0
Aver age Ins
erage Ins.. Unempl. Rate ........ -0.38* Consumer Price Index
Business Ter minations
erminations U.S. City Average ........................... +1.7
Aver age Weekly Hours
erage Hours,, Mfg ......... +1.4 Secretary of the State .................. +17.2 Northeast Region ........................... +1.6
Aver age Hour
erage Hourly ly Ear nings
nings,, Mfg ...... +3.0
Earnings Dept. of Labor .............................. +45.6 NY-NJ-Long Island ......................... +1.3
Aver age Weekly Ear
erage nings
nings,, Mfg ..... +4.4
Earnings Boston-Brockton-Nashua ............... +2.5
Manufacturing Output .................. +3.6 Consumer Confidence
Production Worker Hours ............... +0.7 State Tax Collections ................... +6.6 U.S. ............................................... +5.9
Productivity .................................... +2.8 Corporate Tax ................................. +0.2 New England .............................. +29.2
Personal Income Tax .................... +14.2
Personal Income ......................... +6.1 Real Estate Conveyance Tax .......... +0.7 Interest Rates
UI Covered Wages ....................... +7.7
Cov Sales & Use Tax ............................. +3.2 Prime .............................................. 0.0*
Conventional Mortgage ............... -0.69*
*Percentage point change; **Less than 0.05 percent; NA = Not Available
THE CONNECTICUT
ECONOMIC DIGEST
A joint publication of
The Connecticut Departments of Labor and
Economic and Community Development
❑ If you wish to have your name removed from our mailing list, please
Mailing address:
check here and return this page to the address at left.
Connecticut Economic Digest ❑ If your address has changed, please check here, make the necessary
Connecticut Department of Labor changes to your address label and return this page to the address at
Office of Research left.
200 Folly Brook Boulevard ❑ If you receive more than one copy of this publication, please check
Wethersfield, CT 06109-1114 here and return this page from the duplicate copy to the address at left.