November 26, 2008 |
2008-R-0633 | |
CONNECTICUT JOB GROWTH BY INDUSTRY SECTOR, 1998-2007 | ||
By: John Moran, Principal Analyst | ||
You asked for data on Connecticut employment trends over 10 years by industry sector, especially the financial services sector.
From 1998 to 2007, Connecticut added about 54,000 jobs (3.3%). But the trends for each of the 10 industry sectors show considerable variation within an economy of approximately 1.7 million jobs. Table 1 shows the breakdown by the 10 major employment sectors.
Table 1. CT. Employment Comparison by Sector, 1998 & 2007
Employment Sector |
Year |
Change | ||
|
1998 |
2007 |
# |
% |
Information |
44,200 |
38,500 |
-5,700 |
-12.90% |
Construction |
58,500 |
68,500 |
10,000 |
17.09% |
Other Services |
60,000 |
64,300 |
4,300 |
7.17% |
Leisure & Hospitality |
116,800 |
135,600 |
18,800 |
16.10% |
Financial Activities |
136,900 |
144,600 |
7,700 |
5.62% |
Prof. & Bus. Services |
203,900 |
205,900 |
2,000 |
0.98% |
Government** |
227,800 |
249,000 |
21,200 |
9.31% |
Ed. & Health Services |
237,700 |
287,700 |
50,000 |
21.03% |
Manufacturing |
247,800 |
191,400 |
-56,400 |
-22.76% |
Trade, Transport. & Utilities |
308,600 |
311,400 |
2,800 |
0.91% |
** Includes Native American tribal government employment (i.e. tribal casinos) | ||||
Prepared by: Office of Research, CT DOL - November 10, 2008 | ||||
The table shows that education and health services had the largest growth with 50,000 new jobs over the period, while manufacturing, with 56,400 fewer jobs, had the greatest job loss. Other sectors with considerable growth: (1) government added 21,200 jobs and (2) leisure and hospitality added 18,800.
(Note: The education and health services sector does not count government jobs which are counted under government. The government sector includes tribal government employment which in Connecticut accounts for approximately 20,000 employees at the two tribal casinos and related facilities, such as hotels and shops.)
Table 2 shows details of each employment sector and, where applicable, its subsectors. It shows each sector and subsector for 10 years.
Table 2. Connecticut Nonfarm Employment by Sector and Subsector, 1998-2007 (annual averages)
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 | |||
CONNECTICUT (total) |
1,643,400 |
1,669,100 |
1,693,200 |
1,681,100 |
1,664,900 |
1,644,500 |
1,649,800 |
1,662,000 |
1,680,600 |
1,697,600 | ||
Goods Producing Industries |
||||||||||||
Construction |
58,500 |
60,800 |
64,500 |
65,400 |
63,400 |
61,900 |
65,700 |
65,900 |
67,100 |
68,500 | ||
Manufacturing |
247,800 |
240,200 |
235,700 |
226,700 |
211,200 |
200,000 |
197,200 |
195,200 |
193,500 |
191,400 | ||
Service Providing Industries |
||||||||||||
Trade, Transportation & Utilities |
308,600 |
312,200 |
317,500 |
312,200 |
309,200 |
305,500 |
307,900 |
310,500 |
310,900 |
311,400 | ||
Wholesale |
66,400 |
66,000 |
68,100 |
67,400 |
66,000 |
65,500 |
65,800 |
66,500 |
67,500 |
68,000 | ||
Retail |
191,700 |
194,700 |
197,400 |
194,500 |
194,200 |
191,300 |
192,000 |
192,000 |
191,300 |
191,100 | ||
Transp, Warehousing & Utilities |
50,400 |
51,300 |
51,800 |
50,300 |
49,000 |
48,800 |
50,100 |
52,100 |
52,200 |
52,400 | ||
Information |
44,200 |
44,600 |
46,400 |
44,700 |
41,000 |
39,600 |
39,000 |
38,100 |
37,900 |
38,500 | ||
Financial Activities |
136,900 |
140,800 |
143,000 |
142,900 |
142,600 |
142,700 |
140,700 |
142,300 |
144,300 |
144,600 | ||
Finance & Insurance |
116,600 |
119,800 |
121,200 |
121,900 |
122,200 |
122,400 |
120,400 |
121,500 |
123,200 |
123,500 | ||
Real Estate, Rental & Leasing |
20,300 |
20,900 |
21,800 |
21,000 |
20,400 |
20,300 |
20,300 |
20,800 |
21,100 |
21,100 | ||
Prof & Business Services |
203,900 |
211,600 |
215,900 |
209,900 |
202,000 |
196,800 |
197,100 |
199,900 |
204,300 |
205,900 | ||
Prof, Scientific & Tech Services |
86,500 |
90,700 |
95,000 |
94,100 |
91,000 |
87,800 |
87,500 |
88,300 |
90,600 |
92,200 | ||
Admn & Support & Waste Mgt Serv |
86,300 |
90,400 |
91,100 |
87,100 |
83,100 |
81,500 |
83,900 |
86,200 |
88,600 |
88,600 | ||
Educational & Health Services |
237,700 |
242,400 |
245,200 |
252,700 |
259,700 |
264,000 |
268,700 |
273,300 |
279,600 |
287,700 | ||
Educational Services |
37,800 |
39,200 |
40,300 |
45,100 |
46,400 |
48,200 |
50,000 |
51,400 |
53,200 |
54,900 | ||
Health Care & Social Assistance |
199,900 |
203,100 |
204,800 |
207,600 |
213,300 |
215,800 |
218,700 |
221,800 |
226,500 |
232,800 | ||
Leisure and Hospitality |
116,800 |
119,700 |
121,100 |
119,500 |
122,800 |
125,100 |
127,600 |
129,500 |
132,600 |
135,600 | ||
Arts, Entertainment & Recreation |
21,500 |
21,900 |
22,700 |
23,100 |
23,500 |
23,900 |
24,500 |
23,900 |
23,800 |
24,600 | ||
Accommodation & Food Services |
95,300 |
97,800 |
98,400 |
96,500 |
99,400 |
101,200 |
103,100 |
105,500 |
108,800 |
111,000 | ||
Other Services |
60,000 |
60,700 |
61,000 |
62,100 |
62,800 |
62,200 |
62,500 |
62,800 |
63,700 |
64,300 | ||
Government** |
227,800 |
235,100 |
241,800 |
244,400 |
249,300 |
246,000 |
242,800 |
243,800 |
245,900 |
249,000 | ||
** Includes Native American tribal government employment | ||||||||||||
Prepared by: Office of Research, Connecticut Department of Labor - November 10, 2008 | ||||||||||||
FINANCIAL SECTOR
The financial sector is made up of two subsectors: (1) finance & insurance and (2) real estate, rental and leasing. Chart 1 shows the sector and its subsectors over the 10-year period.
Chart 1. Financial Sector and Subsectors, 1998 to 2007
2008 DATA
This report does not include 2008 data because the year is not complete and when DOL determines the employment figures for the year, it is an average calculated for the entire year. Based on monthly data, Connecticut has lost 5,200 jobs between January and October of this year.
JM:ts