Académique Documents
Professionnel Documents
Culture Documents
Vol.12 No.6 A joint publication of the Connecticut Department of Labor & the Connecticut Department of Economic and Community Development
20,483
United States .............. 137,684,000 20,000
Change over month ............. 0.06%
Qtr4-to-Qtr4 Change
June 2007
THE CONNECTICUT fourth quarter, jumped by 20,483 currently measured), accounted
ECONOMIC DIGEST
The Connecticut Economic Digest is
between 2005 and 2006.
Nationally, the resolution of
this paradox may lie in recent
for 15.5% of the 6.6 million new
jobs add by the 16 major indus-
try sectors that had net gains in
published monthly by the Connecticut trends in productivity growth. In the U.S. Over the same period,
Department of Labor, Office of Research and
the Connecticut Department of Economic and
addition, there are some factors 22.3%, or 10,600, of the jobs
Community Development, Compliance Office specific to Connecticut that created by Connecticut’s 12
and Planning/Program Support. Its purpose is provide some additional explana- major industry sectors with net
to regularly provide users with a tion to the State’s recent employ- gains in employment have been
comprehensive source for the most current, up-
to-date data available on the workforce and ment trends. in health care and social assis-
economy of the state, within perspectives of The national decline in pro- tance. Of the four remaining
the region and nation. ductivity since 2005 has, no major industry sectors contribut-
The annual subscription is $50. Send doubt, affected Connecticut’s ing more than 10% of the new
subscription requests to: The Connecticut economy. It has probably been job growth in the State’s
Economic Digest, Connecticut Department of
Labor, Office of Research, 200 Folly Brook
behind the recent simultaneous economy over the current recov-
Boulevard, Wethersfield, CT 06109-1114. downward revisions in GDP ery, only construction is in the
Make checks payable to the Connecticut growth and upward revisions in goods producing sector. The
Department of Labor. Back issues are $4 per job growth. Some of the story remaining three, accommodation
copy. The Digest can be accessed free of
charge from the DOL Web site. Articles from
behind the productivity slowdown and food services, administration
The Connecticut Economic Digest may be may lie in the GPDI numbers. and support services, and educa-
reprinted if the source is credited. Please send Business fixed investment has tional services are all in the lower
copies of the reprinted material to the Managing been weak during this recovery. productivity, service-providing
Editor. The views expressed by the authors
are theirs alone and may not reflect those of Plant and equipment, including sector.
the DOL or DECD. IT equipment, has been aging,
Contributing Staff: Rob Damroth (CCT), and efficiency gains from more The Current Recovery
Cynthia L. DeLisa, Salvatore DiPillo, Lincoln effective use of newly acquired Over the current recovery
S. Dyer, Arthur Famiglietti, Daniel W. Kennedy, equipment from the previous (2003 to 2006), Connecticut’s
Ph.D., Stanley McMillen, Ph.D. (DECD), David
F. Post, Joseph Slepski, Mark Stankiewicz and
boom has long since reached its goods producing sector had an
Kolie Sun (DECD). Managing Editor: Jungmin limits, resulting in a capital stock annual net decline of 1,000 jobs,
Charles Joo. We would also like to thank our that has probably become less while the service-providing sector
associates at the Connecticut Center for productive. Consequently, it had an annual net gain of
Economic Analysis, University of Connecticut,
for their contributions to the Digest.
takes more and more workers to 36,200 jobs, producing a total
produce a given level of output. net gain of 35,200 annual, non-
Another important develop- agricultural jobs over the three-
Connecticut ment, which could explain both year period. One-half of those job
Department of Labor the productivity slowdown, and gains, in both service-providing
Patricia H. Mayfield, Commissioner the gains in employment, is and total nonfarm employment,
Linda L. Agnew, Deputy Commissioner where job growth is taking place. were in 2006. In fact, more than
Roger F. Therrien, Director
Between 2003 and 2006, health 85% of the 3,500 net new jobs in
Office of Research care and social assistance, a low professional, technical, and
200 Folly Brook Boulevard productivity sector (at least as scientific services were in 2006,
Wethersfield, CT 06109-1114
Phone: (860) 263-6275
Fax: (860) 263-6263 GRAPH 2: Contributions of Goods Producing and Services Providing
E-Mail: dol.econdigest@po.state.ct.us Employment Changes in CT Non-Agricultural Employment
Website: http://www.ctdol.state.ct.us/lmi
2004-06
Connecticut Department 35,000
TOTAL CHANGE
+ 30,000
of Economic and 30,000 2006-08
TOTAL CHANGE
Community Development
Change in Employment
25,000 + 18,400
James F. Abromaitis, Commissioner 20,000 2002-04
Ronald Angelo, Deputy Commissioner 15,000 TOTAL CHANGE 32,100
+ 3,500
10,000 20,500
5,000 8,400
Compliance Office and Planning/Program
Support 0
-4,900
505 Hudson Street -5,000 -2,100 -2,100
Hartford, CT 06106-2502 -10,000
Phone: (860) 270-8000
4th-Qtr-to-4th Qtr Change
Fax: (860) 270-8200
E-Mail: decd@po.state.ct.us GOODS PRODUCING SERV ICE PROV IDING
Website: http://www.decd.org
O
2 THE CONNECTICUT ECONOMIC DIGEST June 2007
as were one-half of all the job tion to payroll services, the 2006 segment of health care and social
gains in wholesale trade. Health surge in professional, technical, assistance employment growth
care and social assistance and and scientific services employ- has been driven by growth in
accommodation and food services ment was also concentrated in individual and family services.
each had more than 40% of their computer systems design. New Virtually all of the growth in
net gains in annual employment job growth in this area appears accommodation and foods services
in 2006. Administrative and to have been driven by the has occurred in the food services
support services and educational financial services industry and segment of this sector. More than
services also had a significant by the in-state outsourcing of 2,000 net new jobs were created
portion of their job gains in 2006. firms’ IT functions and may have and 93 net new establishments
Some of the factors driving the been the product of both cyclical were opened up between 2005
2006 jobs surge were discussed and structural/trend factors. and 2006 in full-service restau-
above. However, much of the recent rants. In addition, 48 net new
Other factors include the job growth in the national and limited service restaurants came
significant decline in energy State economies has been driven on line, creating 842 new jobs,
prices over the last half of 2006, by trend-dominated forces with 754 of those jobs in the
which acted as a progressive tax operating through demographics snack and non-alcoholic beverage
cut on the economy. The mild and lifestyle changes. Of the bars segment of this industry.
weather in November, December, 47,600 new jobs created between Education growth was driven by
and into January mitigated high 2003 and 2006 in the 12 Con- elementary and secondary
heating bills and brought con- necticut industry sectors with schools. Employment at private
sumers out to spend, and ex- net growth, one-half of those colleges grew by 799.
tended the activities of seasonal jobs were created in demographi- The goods producing sector
industries. With strong world cally or lifestyle-driven sectors. continued to shrink, but at a
economic growth outside the Health care job creation has much slower pace. Annual em-
U.S., exports accelerated. An been driven, especially in 2006, ployment declined by 1,000
increase in government spending by significant increases in hospi- between 2003 and 2006, with a
also boosted the economy. tal employment and, to a lesser drop of 515 in 2006. Construction
Temporary increases in extent, by residential mental gained during the housing
economic activity have also health care facilities and by bubble, as manufacturing contin-
boosted the 2006 employment homes for the elderly. Hospital ued its decline, losing over 6,000
numbers. The way in which the job growth was concentrated in jobs between 2003 and 2006.
movie industry puts together the general medical and surgical Nevertheless, it too joined in the
necessary staff to film a produc- hospitals, even as consolidations job spurt in 2006. There was a
tion resulted in a burst of job reduced the number of establish- burst of employment growth in
growth in payroll services and ments by two between 2005 and the aerospace industry. Most of it
temporary help services. In addi- 2006. The social assistance --Continued on page 5--
Trough
110 100 Peak
4/2003
3/80 Trough
2/92
100 90
Peak Peak
Trough
12/69 5/74
1/83
90 80
80 70 Trough
Trough 11/75
10/71
70 60
70 75 80 85 90 95 00 05 70 75 80 85 90 95 00 05
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 1992=100.
O
4 THE CONNECTICUT ECONOMIC DIGEST June 2007
--Continued from page 3-- housing recession and the sub- expected that 20,500 net new
was concentrated in aircraft prime lending meltdown, in jobs will be created in
manufacturing. conjunction with high debt Connecticut’s service providing
With this brief sketch of the burdens, high and rising energy sector over the 2006-08 period.
current recovery, the next section prices, particularly gasoline, and Demographics and lifestyles are
turns to the outlook for the weak domestic fixed investment expected to be significant drivers
fourth quarter of 2008. and slowing productivity growth of the trend-dominated growth,
are all exerting significant drag offsetting cyclical and structural
The Outlook for 2008:Q4 forces on the forward momentum job losses over the next eight
The table on page 3 presents of the economy. Then again, quarters. One half, or 10,000, of
Connecticut’s industry sector some mitigating factors, such as the 20,500 net new service jobs
employment for the fourth- the International Monetary will be generated by the health
quarter historical periods of Fund’s forecast for 4.9% world care and educational service
2002, 2004, and 2006, and the growth this year, which should sectors. As lifestyles continue to
forecast period of 2008. Graph 2 help U.S. exports, and the possi- change, accommodation and food
depicts the historical and fore- bility that U.S. corporations may services is expected to add 3,500
casted changes (fourth quarter- invest some of their profits in new jobs. State and local govern-
to-fourth quarter) in goods pro- expanding domestic capacity this ments, including the tribal
ducing, service providing, and year, or rebuild inventories, or nations, are expected to create
total employment for the 2002-04 both, could reenergize the U.S. 1,600 new jobs. In addition,
and 2004-06 historical periods, economy. wholesale trade is expected to
and the 2006-08 forecast period. On balance, it is expected generate 2,000 new jobs, and
After the 2006 burst in job that U.S. economic growth will administrative and support ser-
growth, the forecast expects continue to slow in 2007 and vices is forecasted to increase its
slowing annual job growth. further decelerate in 2008. employment by 1,700. The goods
Connecticut employment is Further, slowing growth will producing sector is expected to
projected to increase by 14,500 eventually break the momentum continue to shed jobs between
in 2007, and by 9,000 in 2008. in employment growth in the 2006 and 2008, dominated by
Though slightly higher than second half of 2007. Mitigating losses in manufacturing, particu-
previously forecasted, due to the the drags on the economy’s larly in non-durable goods.
momentum of 2006 job growth momentum are demographics Though there have been recent
which carried over into the first and lifestyle trends, which gains, some losses in durable
quarter of 2007, the trend is still should continue to generate job goods should resume. Although
the same: progressively decelerat- growth in the service providing hurt by the housing recession,
ing employment growth over the sector, as the goods producing construction could see moderate
two-year forecast horizon. The sector continues to shed jobs. gains from heavy and civil engi-
spreading contagion from the This is depicted in Graph 2. It is neering and specialty trades.
The Connecticut Economy's General Drift Indicators are composite measures of the four-quarter change in three coincident (Connecticut Manufac-
turing Production Index, nonfarm employment, and real personal income) and four leading (housing permits, manufacturing average weekly hours,
Hartford help-wanted advertising, and initial unemployment claims) economic variables, and are indexed so 1986 = 100.
The Banknorth Business Barometer is a measure of overall economic growth in the state of Connecticut that is derived from non-manufacturing
employment, real disposable personal income, and manufacturing production.
O
6 THE CONNECTICUT ECONOMIC DIGEST June 2007
ECONOMIC INDICATORS STATE
Sources: Connecticut 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
* Estimated by the Bureau of the Census
Sources: U.S. Department of Labor, Bureau of Labor Statistics; The Conference Board
*Change over prior monthly or quarterly period
**The Boston CPI can be used as a proxy for New England and is measured every other month.
***The Connecticut Economy, Connecticut Center for Economic Analysis, University of Connecticut
Conventional mortgage
INTEREST RATES
rate rose to 6.18 percent
APR MAR APR
over the month.
(Percent) 2007 2007 2006
Prime 8.25 8.25 7.75
Federal Funds 5.25 5.26 4.79
3 Month Treasury Bill 5.01 5.08 4.72
6 Month Treasury Bill 5.07 5.10 4.90
1 Year Treasury Note 4.93 4.92 4.90
3 Year Treasury Note 4.60 4.51 4.89
5 Year Treasury Note 4.59 4.48 4.90
7 Year Treasury Note 4.62 4.50 4.94
10 Year Treasury Note 4.69 4.56 4.99
20 Year Treasury Note 4.95 4.81 5.22
Conventional Mortgage 6.18 6.16 6.51
Sources: Federal Reserve; Federal Home Loan Mortgage Corp.
O
8 THE CONNECTICUT ECONOMIC DIGEST June 2007
COMPARATIVE REGIONAL DATA STATE
TRADE, TRANSPORTATION, & UTILITIES EMP. (Seasonally adjusted) Month 2005 2006 2007
O
10 THE CONNECTICUT ECONOMIC DIGEST June 2007
ECONOMIC INDICATOR TRENDS STATE
PROFESSIONAL & BUSINESS SERV. EMPLOYMENT (Seasonally adjusted) Month 2005 2006 2007
Jan 197.9 202.4 205.3
250
Feb 198.1 203.3 207.6
220 Mar 198.3 203.8 208.3
Apr 198.8 204.1 209.1
Thousands
EDUCATIONAL & HEALTH SERV. EMPLOYMENT (Seasonally adjusted) Month 2005 2006 2007
Jan 270.8 276.5 283.2
300
Feb 271.7 276.6 282.8
270 Mar 271.7 277.2 282.6
Apr 272.8 277.8 283.5
Thousands
LEISURE AND HOSPITALITY EMPLOYMENT (Seasonally adjusted) Month 2005 2006 2007
Jan 128.0 131.2 134.8
140
Feb 128.9 131.2 135.0
135 Mar 128.9 132.3 135.8
Apr 129.8 131.5 135.8
130
Thousands
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 2006.
*Total excludes workers idled due to labor-management disputes. **Includes Indian tribal government employment.
O
12 THE CONNECTICUT ECONOMIC DIGEST June 2007
NONFARM EMPLOYMENT ESTIMATES LMA
For further information on the Bridgeport-Stamford Labor Market Area contact Arthur Famiglietti at (860) 263-6297.
For further information on the Danbury Labor Market Area contact Arthur Famiglietti at (860) 263-6297.
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 2006.
*Total excludes workers idled due to labor-management disputes.
For further information on the Hartford Labor Market Area contact Arthur Famiglietti at (860) 263-6297.
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 2006.
*Total excludes workers idled due to labor-management disputes.
In 2006, a smaller proportion of foreign-born than native-born workers was employed in management,
professional, and related occupations, 26.4 versus 36.4 percent. Foreign-born workers were more likely
than their native-born counterparts to be employed in service occupations (22.5 versus 15.4 percent);
these included food preparation and serving related occupations and building and grounds cleaning and
O
14 THE CONNECTICUT ECONOMIC DIGEST June 2007
NONFARM EMPLOYMENT ESTIMATES LMA
For further information on the New Haven Labor Market Area contact Joseph Slepski at (860) 263-6278.
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 2006.
*Total excludes workers idled due to labor-management disputes. **Value less than 50
maintenance occupations. More than one in four of all native-born workers were employed in sales and
office occupations; the proportion of foreign-born workers in these occupations was 17.9 percent. Foreign-
born workers were more likely than native-born workers to be employed in natural resources, construction,
and maintenance occupations (16.5 versus 10.0 percent), and in production, transportation, and material
moving occupations (16.7 versus 11.9 percent).
These data are from the Current Population Survey. For more information, see "Foreign-Born Workers:
Labor Force Characteristics in 2006", news release USDL 07-0603.
(The Editor's Desk, Bureau of Labor Statistics, May 1 and May 3, 2007)
For further information on the Norwich-New London Labor Market Area contact Lincoln Dyer at (860) 263-6292.
For further information on the Waterbury Labor Market Area contact Joseph Slepski at (860) 263-6278.
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 2006.
*Total excludes workers idled due to labor-management disputes. **Includes Indian tribal government employment.
O
16 THE CONNECTICUT ECONOMIC DIGEST June 2007
NONFARM EMPLOYMENT ESTIMATES LMA
NOTE: More industry detail data is available for the State and its nine labor market areas at: http://
www.ctdol.state.ct.us/lmi/202/covered.htm. The data published there differ from the data in the preced-
ing tables in that they are developed from a near-universe count of Connecticut employment covered by
the unemployment insurance (UI) program, while the data here is sample-based. The data drawn from
the UI program does not contain estimates of employment not covered by unemployment insurance,
and is lagged several months behind the current employment estimates presented here.
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 2006.
*Total excludes workers idled due to labor-management disputes.
BRIDGEPORT - STAMFORD LMA Civilian Labor Force 470,700 463,000 7,700 1.7 473,100
Employed 453,800 446,400 7,400 1.7 455,500
Unemployed 16,800 16,600 200 1.2 17,600
Unemployment Rate 3.6 3.6 0.0 --- 3.7
DANBURY LMA Civilian Labor Force 91,200 89,500 1,700 1.9 91,600
Employed 88,300 86,800 1,500 1.7 88,600
Unemployed 2,800 2,700 100 3.7 3,000
Unemployment Rate 3.1 3.0 0.1 --- 3.3
ENFIELD LMA Civilian Labor Force 49,300 49,000 300 0.6 49,300
Employed 47,300 47,000 300 0.6 47,200
Unemployed 2,100 2,100 0 0.0 2,100
Unemployment Rate 4.2 4.2 0.0 --- 4.3
HARTFORD LMA Civilian Labor Force 581,000 571,900 9,100 1.6 583,000
Employed 556,200 548,400 7,800 1.4 556,800
Unemployed 24,800 23,500 1,300 5.5 26,300
Unemployment Rate 4.3 4.1 0.2 --- 4.5
NEW HAVEN LMA Civilian Labor Force 309,400 305,000 4,400 1.4 310,300
Employed 295,900 292,400 3,500 1.2 296,600
Unemployed 13,500 12,500 1,000 8.0 13,700
Unemployment Rate 4.4 4.1 0.3 --- 4.4
NORWICH - NEW LONDON LMA Civilian Labor Force 149,900 148,800 1,100 0.7 149,600
Employed 144,300 142,900 1,400 1.0 143,700
Unemployed 5,600 5,900 -300 -5.1 5,900
Unemployment Rate 3.7 3.9 -0.2 --- 3.9
TORRINGTON LMA Civilian Labor Force 54,100 53,600 500 0.9 54,700
Employed 51,900 51,600 300 0.6 52,200
Unemployed 2,200 2,000 200 10.0 2,500
Unemployment Rate 4.1 3.7 0.4 --- 4.5
WATERBURY LMA Civilian Labor Force 101,400 99,500 1,900 1.9 101,900
Employed 95,900 94,300 1,600 1.7 96,300
Unemployed 5,500 5,200 300 5.8 5,700
Unemployment Rate 5.4 5.2 0.2 --- 5.5
WILLIMANTIC-DANIELSON LMA Civilian Labor Force 57,700 56,700 1,000 1.8 57,500
Employed 54,800 54,000 800 1.5 54,600
Unemployed 2,900 2,800 100 3.6 2,900
Unemployment Rate 5.0 4.9 0.1 --- 5.1
UNITED STATES Civilian Labor Force 151,829,000 150,209,000 1,620,000 1.1 152,236,000
Employed 145,297,000 143,405,000 1,892,000 1.3 145,323,000
Unemployed 6,532,000 6,804,000 -272,000 -4.0 6,913,000
Unemployment Rate 4.3 4.5 -0.2 --- 4.5
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 2006.
O
18 THE CONNECTICUT ECONOMIC DIGEST June 2007
MANUFACTURING HOURS AND EARNINGS LMA
CONNECTICUT AVG WEEKLY EARNINGS AVG WEEKLY HOURS AVG HOURLY EARNINGS
APR CHG MAR APR CHG MAR APR CHG MAR
(Not seasonally adjusted) 2007 2006 Y/Y 2007 2007 2006 Y/Y 2007 2007 2006 Y/Y 2007
MANUFACTURING $861.14 $813.70 $47.45 $859.02 42.4 41.6 0.8 42.4 $20.31 $19.56 $0.75 $20.26
DURABLE GOODS 889.55 842.08 47.48 887.01 42.4 41.4 1.0 42.4 20.98 20.34 0.64 20.92
Fabricated Metal 797.12 768.03 29.09 792.20 42.4 41.9 0.5 42.5 18.80 18.33 0.47 18.64
Machinery 826.61 800.78 25.82 847.85 40.8 40.2 0.6 41.5 20.26 19.92 0.34 20.43
Computer & Electronic 697.82 657.64 40.18 697.07 40.5 40.1 0.4 40.2 17.23 16.40 0.83 17.34
Transport. Equipment 1,111.01 1,049.16 61.85 1,105.85 42.6 42.0 0.6 42.5 26.08 24.98 1.10 26.02
NON-DUR. GOODS 785.25 739.28 45.97 783.98 42.4 42.1 0.3 42.4 18.52 17.56 0.96 18.49
CONSTRUCTION 926.54 903.88 22.66 928.59 38.8 38.3 0.5 39.0 23.88 23.60 0.28 23.81
LMAs AVG WEEKLY EARNINGS AVG WEEKLY HOURS AVG HOURLY EARNINGS
APR CHG MAR APR CHG MAR APR CHG MAR
MANUFACTURING 2007 2006 Y/Y 2007 2007 2006 Y/Y 2007 2007 2006 Y/Y 2007
Bridgeport - Stamford $869.80 $874.53 -$4.73 $841.89 42.7 41.0 1.7 42.2 $20.37 $21.33 -$0.96 $19.95
New Haven 825.82 644.92 180.90 789.82 39.4 37.3 2.1 39.1 20.96 17.29 3.67 20.20
Norwich - New London 863.26 824.33 38.93 857.50 42.4 42.8 -0.4 42.2 20.36 19.26 1.10 20.32
Due to constraints of the sample upon which estimates are made, manufacturing hours and earnings estimates for the Hartford and Waterbury labor market areas are
being suspended.
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 2006.
In April 2007, F&S Oil, of Waterbury, started work on a bio-fuel factory. When this plant is finished in 2009,
the company will have 24 new jobs. Golf Galaxy, a retailer of golfing equipment, opened a store in Milford
on April 13th with 21 employees. Goodwill Industries will open a "Super Store" in Brookfield in July that will
employ 25 people. Emhart Glass is building a new glass making research center in Windsor and will hire
10 more workers by the end of the year.
In April 2007, Webster Financial Corp. closed part of its mortgage operations in Hamden and outsourced
20 jobs. Electronics retailer, Tweeter, is closing stores in North Haven, Milford and Waterford. By the end
of May, these stores will close and 26 employees will lose their jobs. Ameriquest, a subprime mortgage
lender, has closed its Shelton office, putting 28 people out of work. Citigroup, Inc., in an effort to cut costs,
plans to eliminate 75 positions.
Business & Employment Changes Announced in the News Media lists start-ups, expansions, staff reductions, and
layoffs reported by the media, both current and future. The report provides company name, the number of workers
involved, date of the action, the principal product or service of the company, a brief synopsis of the action, and the
source and date of the media article. This publication is available in both HTML and PDF formats at the Connecticut
Department of Labor Web site, http://www.ctdol.state.ct.us/lmi/busemp.htm.
APRIL 2007
LMA/TOWNS LABOR FORCE EMPLOYED UNEMPLOYED % LMA/TOWNS LABOR FORCE EMPLOYED UNEMPLOYED %
BRIDGEPORT-STAMFORD HARTFORD cont....
470,689 453,849 16,840 3.6 Canton 5,662 5,502 160 2.8
Ansonia 9,958 9,471 487 4.9 Colchester 8,717 8,418 299 3.4
Bridgeport 62,506 58,565 3,941 6.3 Columbia 3,040 2,946 94 3.1
Darien 9,205 8,988 217 2.4 Coventry 6,999 6,744 255 3.6
Derby 6,848 6,559 289 4.2 Cromwell 7,793 7,536 257 3.3
Easton 3,784 3,671 113 3.0 East Granby 2,927 2,823 104 3.6
Fairfield 28,368 27,463 905 3.2 East Haddam 5,117 4,962 155 3.0
Greenwich 30,300 29,542 758 2.5 East Hampton 6,852 6,536 316 4.6
Milford 31,555 30,471 1,084 3.4 East Hartford 25,281 23,934 1,347 5.3
Monroe 10,655 10,336 319 3.0 Ellington 8,631 8,329 302 3.5
New Canaan 8,936 8,722 214 2.4 Farmington 12,855 12,451 404 3.1
Newtown 14,330 13,924 406 2.8 Glastonbury 18,172 17,651 521 2.9
Norwalk 48,614 47,028 1,586 3.3 Granby 6,231 6,061 170 2.7
Oxford 6,909 6,693 216 3.1 Haddam 4,765 4,631 134 2.8
Redding 4,564 4,452 112 2.5 Hartford 48,371 44,355 4,016 8.3
Ridgefield 11,789 11,492 297 2.5 Hartland 1,201 1,163 38 3.2
Seymour 9,192 8,799 393 4.3 Harwinton 3,158 3,042 116 3.7
Shelton 22,551 21,801 750 3.3 Hebron 5,462 5,298 164 3.0
Southbury 9,064 8,781 283 3.1 Lebanon 4,302 4,152 150 3.5
Stamford 66,649 64,542 2,107 3.2 Manchester 31,805 30,525 1,280 4.0
Stratford 26,051 25,000 1,051 4.0 Mansfield 12,959 12,484 475 3.7
Trumbull 17,955 17,420 535 3.0 Marlborough 3,589 3,476 113 3.1
Weston 4,918 4,816 102 2.1 Middlefield 2,382 2,296 86 3.6
Westport 12,708 12,378 330 2.6 Middletown 26,419 25,345 1,074 4.1
Wilton 8,366 8,155 211 2.5 New Britain 34,463 32,330 2,133 6.2
Woodbridge 4,912 4,780 132 2.7 New Hartford 3,801 3,658 143 3.8
Newington 16,621 15,996 625 3.8
DANBURY 91,164 88,349 2,815 3.1 Plainville 10,093 9,656 437 4.3
Bethel 10,860 10,559 301 2.8 Plymouth 6,870 6,517 353 5.1
Bridgewater 1,038 1,012 26 2.5 Portland 5,357 5,147 210 3.9
Brookfield 9,020 8,756 264 2.9 Rocky Hill 10,682 10,318 364 3.4
Danbury 44,070 42,676 1,394 3.2 Simsbury 12,046 11,721 325 2.7
New Fairfield 7,622 7,387 235 3.1 Southington 24,085 23,188 897 3.7
New Milford 16,401 15,861 540 3.3 South Windsor 14,733 14,289 444 3.0
Sherman 2,153 2,099 54 2.5 Stafford 6,861 6,544 317 4.6
Thomaston 4,635 4,435 200 4.3
ENFIELD 49,319 47,269 2,050 4.2 Tolland 8,301 8,060 241 2.9
East Windsor 6,162 5,876 286 4.6 Union 469 454 15 3.2
Enfield 24,026 23,045 981 4.1 Vernon 17,181 16,516 665 3.9
Somers 4,716 4,524 192 4.1 West Hartford 29,332 28,279 1,053 3.6
Suffield 7,329 7,056 273 3.7 Wethersfield 13,347 12,861 486 3.6
Windsor Locks 7,086 6,768 318 4.5 Willington 3,906 3,794 112 2.9
Windsor 16,051 15,456 595 3.7
HARTFORD 581,005 556,193 24,812 4.3 All Labor Market Areas(LMAs) in Connecticut except three are federally-designated areas for
Andover 1,978 1,919 59 3.0 developing labor statistics.For the sake of simplicity, the federal Bridgeport-Stamford-Norwalk
Ashford 2,613 2,515 98 3.8 NECTA is referred to in Connecticut DOL publications as the Bridgeport-Stamford LMA, and the
Avon 9,138 8,891 247 2.7 Hartford-West Hartford-East Hartford NECTA is the Hartford LMA.
Barkhamsted 2,226 2,146 80 3.6 The Bureau of Labor Statistics has identified 17 towns in the northwest part of the state as a
Berlin 10,994 10,608 386 3.5 separate area for reporting labor force data. For the convenience of our data users, these
Bloomfield 9,954 9,513 441 4.4 towns are included in the Torrington LMA. For the same purpose, five towns which are
Bolton 3,050 2,963 87 2.9 part of the Springfield, MA area are published as the Enfield LMA. Similarly the towns of
Bristol 34,200 32,603 1,597 4.7 Putnam, Thompson and Woodstock-part of the Worcester, MA area-plus four towns estimated
Burlington 5,328 5,156 172 3.2 separately are included in the Willimantic-Danielson LMA.
O
20 THE CONNECTICUT ECONOMIC DIGEST June 2007
LABOR FORCE ESTIMATES BY TOWN Town
(By Place of Residence - Not Seasonally Adjusted)
APRIL 2007
LMA/TOWNS LABOR FORCE EMPLOYED UNEMPLOYED % LMA/TOWNS LABOR FORCE EMPLOYED UNEMPLOYED %
NEW HAVEN 309,364 295,901 13,463 4.4 TORRINGTON 54,078 51,877 2,201 4.1
Bethany 3,070 2,987 83 2.7 Bethlehem 2,011 1,949 62 3.1
Branford 17,379 16,720 659 3.8 Canaan 600 583 17 2.8
Cheshire 14,663 14,189 474 3.2 Colebrook 828 809 19 2.3
Chester 2,267 2,207 60 2.6 Cornwall 822 804 18 2.2
Clinton 7,960 7,676 284 3.6 Goshen 1,579 1,525 54 3.4
Deep River 2,582 2,503 79 3.1 Kent 1,578 1,538 40 2.5
Durham 4,223 4,092 131 3.1 Litchfield 4,378 4,206 172 3.9
East Haven 16,179 15,371 808 5.0 Morris 1,312 1,253 59 4.5
Essex 3,782 3,677 105 2.8 Norfolk 953 916 37 3.9
Guilford 12,939 12,576 363 2.8 North Canaan 1,739 1,664 75 4.3
Hamden 30,906 29,632 1,274 4.1 Roxbury 1,359 1,328 31 2.3
Killingworth 3,581 3,477 104 2.9 Salisbury 1,993 1,930 63 3.2
Madison 10,066 9,804 262 2.6 Sharon 1,553 1,519 34 2.2
Meriden 31,593 29,995 1,598 5.1 Torrington 19,294 18,306 988 5.1
New Haven 55,579 51,922 3,657 6.6 Warren 727 705 22 3.0
North Branford 8,362 8,054 308 3.7 Washington 1,919 1,872 47 2.4
North Haven 13,087 12,617 470 3.6 Winchester 5,996 5,677 319 5.3
Old Saybrook 5,463 5,291 172 3.1 Woodbury 5,437 5,294 143 2.6
Orange 7,314 7,106 208 2.8
Wallingford 25,187 24,311 876 3.5 WATERBURY 101,371 95,894 5,477 5.4
Westbrook 3,656 3,544 112 3.1 Beacon Falls 3,249 3,125 124 3.8
West Haven 29,526 28,150 1,376 4.7 Middlebury 3,813 3,685 128 3.4
Naugatuck 17,238 16,428 810 4.7
*NORWICH-NEW LONDON Prospect 5,321 5,107 214 4.0
136,730 131,610 5,120 3.7 Waterbury 50,224 46,885 3,339 6.6
Bozrah 1,468 1,414 54 3.7 Watertown 12,486 11,977 509 4.1
Canterbury 3,153 3,041 112 3.6 Wolcott 9,040 8,687 353 3.9
East Lyme 9,554 9,269 285 3.0
Franklin 1,177 1,148 29 2.5 WILLIMANTIC-DANIELSON
Griswold 7,078 6,785 293 4.1 57,679 54,795 2,884 5.0
Groton 19,851 19,059 792 4.0 Brooklyn 3,858 3,688 170 4.4
Ledyard 8,542 8,274 268 3.1 Chaplin 1,438 1,376 62 4.3
Lisbon 2,552 2,481 71 2.8 Eastford 993 956 37 3.7
Lyme 1,157 1,118 39 3.4 Hampton 1,179 1,132 47 4.0
Montville 10,847 10,431 416 3.8 Killingly 9,462 8,958 504 5.3
New London 13,581 12,895 686 5.1 Plainfield 8,485 8,056 429 5.1
No. Stonington 3,265 3,161 104 3.2 Pomfret 2,297 2,215 82 3.6
Norwich 20,553 19,640 913 4.4 Putnam 5,254 4,945 309 5.9
Old Lyme 4,224 4,111 113 2.7 Scotland 995 969 26 2.6
Preston 2,828 2,737 91 3.2 Sterling 1,995 1,917 78 3.9
Salem 2,590 2,519 71 2.7 Thompson 5,420 5,131 289 5.3
Sprague 1,791 1,706 85 4.7 Windham 11,704 11,020 684 5.8
Stonington 10,479 10,191 288 2.7 Woodstock 4,599 4,432 167 3.6
Voluntown 1,614 1,548 66 4.1
Waterford 10,424 10,081 343 3.3
*Connecticut portion only. For whole NECTA, including Rhode Island town, see below. Not Seasonally Adjusted:
NORWICH-NEW LONDON CONNECTICUT 1,851,400 1,775,700 75,700 4.1
149,939 144,329 5,610 3.7 UNITED STATES 151,829,000 145,297,000 6,532,000 4.3
Westerly, RI 13,209 12,719 490 3.7
Labor Force estimates are prepared following statistical procedures developed Seasonally Adjusted:
by the U.S. Department of Labor, Bureau of Labor Statistics. CONNECTICUT 1,860,900 1,782,600 78,200 4.2
UNITED STATES 152,587,000 145,786,000 6,801,000 4.5
For further information on the housing permit data, contact Kolie Sun of DECD at (860) 270-8167.
O
22 THE CONNECTICUT ECONOMIC DIGEST June 2007
TECHNICAL NOTES
BUSINESS STARTS AND TERMINATIONS
Registrations and terminations of business entities as recorded with the Secretary of the State and the Connecticut Department of Labor (DOL)
are an indication of new business formation and activity. DOL business starts include new employers which have become liable for unemploy-
ment insurance taxes during the quarter, as well as new establishments opened by existing employers. DOL business terminations are those
accounts discontinued due to inactivity (no employees) or business closure, and accounts for individual business establishments that are closed
by still active employers. The Secretary of the State 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 took effect with data published in the March 1997 issue of the DIGEST.
Data have been revised back to January 1980.
UI COVERED 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 .......... +0.1 Business Activity Tourism and Travel
Coincident Employment Index ...... +1.9 New Housing Permits ..................... -0.3 Info Center Visitors ......................... -8.6
Leading General Drift Indicator ...... -1.4 Electricity Sales ............................ +10.0 Attraction Visitors ........................... +4.5
Coincident General Drift Indicator .. 0.0 Retail Sales .................................... -0.6 Air Passenger Count ..................... -10.4
Banknorth Business Barometer ... +1.0 Construction Contracts Index ........ -19.1 Indian Gaming Slots ........................ -3.5
New Auto Registrations .................. +3.9 Travel and Tourism Index ............... -1.7
Total Nonfarm Employment .......... +1.2 Air Cargo Tons ................................ -5.4
Exports ........................................ +16.7 Employment Cost Index (U.S.)
Unemployment Rate ...................... +0.2 Total .............................................. +3.2
Labor Force ................................... +1.6 Business Starts Wages & Salaries .......................... +3.6
Employed ....................................... +1.4 Secretary of the State .................. +13.3 Benefit Costs ................................. +2.2
Unemployed .................................. +6.3 Dept. of Labor ................................. -1.9
Consumer Prices
Average Weekly Initial Claims ....... +0.1 Business Terminations U.S. City Average .......................... +2.6
Help Wanted Index -- Hartford ...... -20.0 Secretary of the State .................. +32.0 Northeast Region ........................... +2.2
Avg Insured Unempl. Rate ......... +0.30* Dept. of Labor ............................... -23.9 NY-NJ-Long Island ......................... +2.5
Boston-Brockton-Nashua ............... +2.3
Average Weekly Hours, Mfg .......... +1.9
Average Hourly Earnings, Mfg ...... +3.8 State Revenues ............................ +19.2 Consumer Confidence
Average Weekly Earnings, Mfg ..... +5.8 Corporate Tax ............................... +21.3 Connecticut ...................................... NA
CT Mfg. Production Index .............. +0.9 Personal Income Tax .................... +17.7 New England ................................... NA
Production Worker Hours ............... +1.2 Real Estate Conveyance Tax ........... -8.0 U.S. ................................................. NA
Industrial Electricity Sales ............... -1.9 Sales & Use Tax ........................... +10.0
Indian Gaming Payments ................. -3.1 Interest Rates
Personal Income ............................ +3.0 *Percentage point change; **Less than 0.05 percent;
Prime .......................................... +0.50*
UI Covered Wages ......................... +3.7 NA = Not Available Conventional Mortgage ................ -0.33*
THE CONNECTICUT
ECONOMIC DIGEST
NEED A COPY OF THE CONNECTICUT ECONOMIC DIGEST?
To receive a staple-bound, color copy of the Digest each month,
A joint publication of please download the subscription order form at
http://www.ctdol.state.ct.us/lmi/misc/ctdigest.htm
The Connecticut Departments of Labor and
Economic and Community Development For further information, please call the Office of Research at (860)
263-6290, or send an e-mail to dol.econdigest@po.state.ct.us.
T If you wish to have your name removed from our mailing list, please
check here and return this page (or a photocopy) to the address at left.
T If your address has changed, please check here, make the necessary
changes to your address label and return this page to the address at left.
Mailing address: T If you receive more than one copy of this publication, please check
here and return this page from the duplicate copy to the address at left.
Connecticut Economic Digest
Connecticut Department of Labor
Office of Research
200 Folly Brook Boulevard
Wethersfield, CT 06109-1114