Beruflich Dokumente
Kultur Dokumente
ECONOMIC DIGEST
Vol.5 No.6 A joint publication of the Connecticut Department of Labor & the Connecticut Department of Economic and Community Development
105
LEADING INDEX COINCIDENT INDEX
120
Peak
100 02/89
100
95
80 Peak
Trough
03/80
90 06/92
60 Peak Trough
85 05/74 01/83
40
80
Trough
09/75
75 20
72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00
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.
B USINESS STAR
STARTS AND TERMINA
ARTS TIONS
TERMINATIONS Net business formation as
measured by starts minus
APR % CHANGE YEAR TO DATE %
2000 M/M Y/Y CURRENT PRIOR CHG stops registered with the
STARTS Secretary of the State were
Secretary of the State 1,828 -26.1 3.6 8,598 7,360 16.8 up 17.4 percent to 7,022 for
Department of Labor 715 -31.4 -11.4 3,448 3,739 -7.8 the year to date.
TERMINATIONS
Secretary of the State 303 -29.2 -10.9 1,576 1,378 14.4
Department of Labor 1,803 165.9 2.2 4,622 4,958 -6.8
Sources: Connecticut Secretary of the State -- corporations and other legal entities
Connecticut Department of Labor -- unemployment insurance program registrations
1,660
May 1,639.5 1,668.8
1,620 Jun 1,642.3 1,670.7
Jul 1,644.7 1,675.2
1,580
Aug 1,648.6 1,676.2
1,540 Sep 1,645.1 1,674.3
Oct 1,649.8 1,674.7
1,500
Nov 1,653.0 1,678.2
86 87 88 89 90 91 92 93 94 95 96 97 98 99 00
Dec 1,655.8 1,680.7
1,800
May 1,698.5 1,690.4
1,750 Jun 1,697.7 1,690.3
Jul 1,697.1 1,689.7
1,700
Aug 1,696.8 1,688.9
1,650 Sep 1,699.3 1,690.2
Oct 1,693.6 1,694.2
1,600
Nov 1,692.7 1,696.0
86 87 88 89 90 91 92 93 94 95 96 97 98 99 00
Dec 1,691.7 1,697.1
AVERAGE WEEKLY INITIAL CLAIMS (Seasonally adjusted) Month 1998 1999 2000
Jan 3,404 4,184 3,825
9,000
Feb 3,602 3,933 3,355
8,000 Mar 3,499 4,011 3,436
7,000 Apr 3,619 3,841 3,506
6,000 May 3,721 3,789
Jun 3,884 3,800
5,000
Jul 3,828 3,561
4,000 Aug 4,069 3,688
3,000 Sep 4,946 3,836
Oct 3,594 3,460
2,000
Nov 3,971 3,446
86 87 88 89 90 91 92 93 94 95 96 97 98 99 00
Dec 3,502 3,127
AVG MANUFACTURING WEEKLY HOURS (Not seasonally adjusted) Month 1998 1999 2000
Jan 42.7 41.8 42.8
45
Feb 42.9 41.9 42.6
44 Mar 42.7 42.4 42.5
43 Apr 42.6 42.4 42.4
42 May 42.9 42.6
Jun 42.9 42.5
41
Jul 42.3 42.0
40 Aug 42.1 42.2
39 Sep 42.0 41.9
Oct 42.8 42.6
38
Nov 43.2 42.8
86 87 88 89 90 91 92 93 94 95 96 97 98 99 00
Dec 43.2 43.3
HARTFORD HELP WANTED INDEX (Seasonally adjusted) Month 1998 1999 2000
Jan 35 33 32
120
Feb 38 36 35
100 Mar 37 34 35
Apr 37 34 33
1987=100
80
May 40 35
60 Jun 39 35
Jul 36 31
40
Aug 35 31
20 Sep 32 30
Oct 33 33
0
Nov 34 33
86 87 88 89 90 91 92 93 94 95 96 97 98 99 00
Dec 35 36
DOL NEWLY REGISTERED EMPLOYERS (12-month moving average) Month 1998 1999 2000
Jan 868 831 871
1,100
Feb 870 828 875
1,000 Mar 846 829 865
Apr 878 834 855
900
May 861 843
800 Jun 836 861
Jul 849 854
700
Aug 841 856
600 Sep 838 861
Oct 845 860
500
Nov 836 868
86 87 88 89 90 91 92 93 94 95 96 97 98 99 00
Dec 832 881
INSURANCE CARRIERS (SIC 63) EMPLOYMENT (Not seasonally adjusted) Month 1998 1999 2000
76 Jan 57.4 60.4 60.8
Feb 57.6 60.3 60.6
72 Mar 57.9 60.2 60.6
Apr 58.1 60.3 59.7
68
Thousands
OTHER FIN., INS., REAL EST. EMPLOYMENT (Not seasonally adjusted) Month 1998 1999 2000
60 Jan 50.1 53.7 54.9
Feb 50.6 53.8 55.0
56 Mar 51.4 54.2 55.4
Apr 51.0 54.4 55.7
Thousands
NEW HOUSING PERMITS (Not seasonally adjusted) Month 1998 1999 2000
Jan 737 749 803
4,000
Feb 647 518 508
3,500
Mar 747 1,105 859
3,000 Apr 928 1,026 771
2,500 May 1,051 886
2,000 Jun 1,203 1,230
1,500 Jul 1,297 977
1,000 Aug 976 991
500 Sep 984 894
0 Oct 1,025 747
Nov 817 1,023
86 87 88 89 90 91 92 93 94 95 96 97 98 99 00
Dec 1,129 648
CONSTRUCTION CONTRACTS INDEX (12-month moving average) Month 1998 1999 2000
Jan 265.7 258.3 306.8
360
Feb 270.5 254.3 300.6
Mar 268.8 255.5 334.8
310 Apr 276.3 262.7 339.6
1980=100
2,500
Mar 2,357 2,432
2,400 Apr 2,364 2,438
2,300 May 2,365 2,438
2,200 Jun 2,376 2,436
2,100 Jul 2,379 2,450
2,000 Aug 2,384 2,476
1,900 Sep 2,401 2,477
Oct 2,409 2,483
1,800
Nov 2,405 2,487
86 87 88 89 90 91 92 93 94 95 96 97 98 99 00
Dec 2,399 2,488
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 1999.
*Total excludes workers idled due to labor-management disputes. **Includes Indian tribal government employment.
For further information on the Bridgeport Labor Market Area contact Arthur Famiglietti at (860) 263-6297.
DANB UR
ANBUR Y LMA
URY Not Seasonally Adjusted
APR APR CHANGE MAR
2000 1999 NO. % 2000
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 1999.
*Total excludes workers idled due to labor-management disputes.
For further information on the Danielson Labor Market Area contact Noreen Passardi at (860) 263-6299.
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 1999.
*Total excludes workers idled due to labor-management disputes.
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 1999.
*Total excludes workers idled due to labor-management disputes.
STAMFORD LMA
STAMFORD Not Seasonally Adjusted
APR APR CHANGE MAR
2000 1999 NO. % 2000
For further information on the Torrington Labor Market Area contact Joseph Slepski at (860) 263-6278.
WATERB UR
TERBUR Y LMA
URY Not Seasonally Adjusted
APR APR CHANGE MAR
2000 1999 NO. % 2000
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 1999.
*Total excludes workers idled due to labor-management disputes.
BRIDGEPORT LMA Civilian Labor Force 213,700 211,700 2,000 0.9 213,100
Employed 208,200 203,700 4,500 2.2 206,500
Unemployed 5,500 8,000 -2,500 -31.3 6,600
Unemployment Rate 2.6 3.8 -1.2 --- 3.1
DANBURY LMA Civilian Labor Force 108,800 106,900 1,900 1.8 108,900
Employed 107,300 104,300 3,000 2.9 107,000
Unemployed 1,500 2,600 -1,100 -42.3 1,900
Unemployment Rate 1.4 2.4 -1.0 --- 1.7
DANIELSON LMA Civilian Labor Force 32,600 32,500 100 0.3 32,900
Employed 31,700 31,200 500 1.6 31,800
Unemployed 900 1,300 -400 -30.8 1,100
Unemployment Rate 2.8 3.9 -1.1 --- 3.2
HARTFORD LMA Civilian Labor Force 574,400 570,800 3,600 0.6 578,300
Employed 561,600 552,700 8,900 1.6 563,200
Unemployed 12,800 18,100 -5,300 -29.3 15,000
Unemployment Rate 2.2 3.2 -1.0 --- 2.6
LOWER RIVER LMA Civilian Labor Force 12,400 11,800 600 5.1 12,500
Employed 12,200 11,500 700 6.1 12,200
Unemployed 200 300 -100 -33.3 200
Unemployment Rate 1.5 2.5 -1.0 --- 1.8
NEW HAVEN LMA Civilian Labor Force 270,900 268,500 2,400 0.9 270,900
Employed 265,000 260,300 4,700 1.8 264,200
Unemployed 5,900 8,200 -2,300 -28.0 6,600
Unemployment Rate 2.2 3.0 -0.8 --- 2.5
NEW LONDON LMA Civilian Labor Force 152,100 149,200 2,900 1.9 152,100
Employed 148,700 144,400 4,300 3.0 148,300
Unemployed 3,400 4,700 -1,300 -27.7 3,800
Unemployment Rate 2.2 3.2 -1.0 --- 2.5
STAMFORD LMA Civilian Labor Force 194,500 190,000 4,500 2.4 193,600
Employed 192,000 186,000 6,000 3.2 190,500
Unemployed 2,600 4,000 -1,400 -35.0 3,100
Unemployment Rate 1.3 2.1 -0.8 --- 1.6
TORRINGTON LMA Civilian Labor Force 39,100 38,800 300 0.8 39,100
Employed 38,500 37,800 700 1.9 38,300
Unemployed 600 1,000 -400 -40.0 800
Unemployment Rate 1.5 2.6 -1.1 --- 2.0
WATERBURY LMA Civilian Labor Force 113,400 113,600 -200 -0.2 113,800
Employed 110,300 108,900 1,400 1.3 110,200
Unemployed 3,000 4,700 -1,700 -36.2 3,600
Unemployment Rate 2.7 4.1 -1.4 --- 3.2
UNITED STATES Civilian Labor Force 140,403,000 138,240,000 2,163,000 1.6 140,501,000
Employed 135,215,000 132,552,000 2,663,000 2.0 134,494,000
Unemployed 5,188,000 5,688,000 -500,000 -8.8 6,007,000
Unemployment Rate 3.7 4.1 -0.4 --- 4.3
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 1999.
LMAs AVG WEEKLY EARNINGS AVG WEEKLY HOURS AVG HOURLY EARNINGS
APR CHG MAR APR CHG MAR APR CHG MAR
MANUFACTURING 2000 1999 Y/Y 2000 2000 1999 Y/Y 2000 2000 1999 Y/Y 2000
Bridgeport $665.70 $636.20 $29.50 $661.69 42.0 41.5 0.5 41.8 $15.85 $15.33 $0.52 $15.83
Danbury 660.33 609.76 50.57 664.35 41.4 41.2 0.2 41.6 15.95 14.80 1.15 15.97
Danielson 512.02 502.90 9.12 511.29 41.9 41.7 0.2 41.2 12.22 12.06 0.16 12.41
Hartford 733.35 686.94 46.41 733.72 43.6 42.8 0.8 43.7 16.82 16.05 0.77 16.79
Lower River 548.00 549.25 -1.25 554.66 40.0 41.8 -1.8 41.3 13.70 13.14 0.56 13.43
New Haven 645.75 633.89 11.86 636.42 42.4 42.6 -0.2 42.4 15.23 14.88 0.35 15.01
New London 697.22 663.38 33.84 698.41 41.8 42.2 -0.4 42.2 16.68 15.72 0.96 16.55
Stamford 522.59 529.76 -7.17 533.08 39.5 39.3 0.2 39.4 13.23 13.48 -0.25 13.53
Torrington 594.00 564.51 29.49 575.72 43.2 41.6 1.6 41.3 13.75 13.57 0.18 13.94
Waterbury 653.85 629.64 24.21 656.10 45.0 44.0 1.0 45.0 14.53 14.31 0.22 14.58
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 1999.
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.
INSURED UNEMPLOYMENT RA TE
RATE
Primarily a measure of unemployment insurance program activity, the insured unemployment rate is the 13-week average of the number of
people claiming unemployment benefits divided by the number of workers covered by the unemployment insurance system.
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 .......... +1.5 Business Activity Tour ism and Travel
ourism
Coincident Employment Index ..... +7.1 New Housing Permits .................... -24.9 Tourism Inquiries ........................... -56.1
Electricity Sales .............................. +7.0 Tourism Info Centers ..................... -11.9
Total Nonfar
Nonfar
armm Employment .......... +1.4
Employment Retail Sales .................................... +9.2 Attraction Visitors ............................ +6.5
Construction Contracts Index ......... +1.0 Hotel-Motel Occupancy .................. -1.4*
Unemployment ............................ -1.0* New Auto Registrations ................. -21.4 Air Passenger Count ................... +20.8
Labor Force .................................... +1.1 Air Cargo Tons ............................... -45.7
Employed ....................................... +2.1 Employment Cost Index (U.S.)
Unemployed .................................. -29.5 Total ................................................ +4.6
Business Starts Wages & Salaries ........................... +4.2
Aver age Weekly Initial Claims ....... -8.7
erage Secretary of the State ..................... +3.6 Benefit Costs .................................. +5.5
Help Wanted Inde x -- Har
Index tf
Hartf ord ....... -2.9
tford Dept. of Labor ............................... -11.4
Aver age Ins
erage Ins.. Unempl. Rate ........ -0.40* Consumer Price Index
Business Ter minations
erminations U.S. City Average ........................... +3.0
Aver age Weekly Hours
erage Hours,, Mfg ........... 0.0 Secretary of the State .................... -10.9 Northeast Region ........................... +3.2
Aver age Hour
erage ly Ear
Hourly nings
nings,, Mfg ...... +3.2
Earnings Dept. of Labor ................................ +2.2 NY-NJ-Long Island ......................... +3.0
Aver age Weekly Ear
erage nings
nings,, Mfg ..... +3.2
Earnings Boston-Brockton-Nashua ............... +4.5
CT Mfg. Production Index ............. +0.9 Consumer Confidence
Production Worker Hours ................ -1.8 State Tax Collections ..................... -3.7 U.S. ................................................ +1.0
Industrial Electricity Sales ................. 0.0 Corporate Tax ................................ +23.6 New England .................................. -0.4
Personal Income Tax ........................ -3.3
Personal Income .......................... +5.8 Real Estate Conveyance Tax ........... -1.1 Interest Rates
UI Covered Wages ........................ +5.6
Cov Sales & Use Tax ............................ +11.4 Prime ........................................... +1.25*
Conventional Mortgage ............... +1.23*
*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
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