January 2012 CT Labor Situation

8/2/2019 January 2012 CT Labor Situation

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Glenn MarshallCommissioner

LABOR SITUATIONOffice of Research FOR IMMEDIATE RELEASE

January 2012 Data

CT Unemployment Rate = 8.0%US Unemployment Rate = 8.3%

Jobs advance by 7,100 to 1,630,600; unemployment rate at 8.0 percent for January 2012Jobs advance by 7,100 to 1,630,600; unemployment rate at 8.0 percent for January 2012

This issue of the Connecticut Labor Situation contains nonfarm employment, hours and earnings, and labor forcedata (including the unemployment rate) that have been revised as part of an annual benchmarking process thatfollows methods and procedures established by the U. S. Bureau of Labor Statistics (BLS).

WETHERSFIELD, March 12, 2012 Connecticuts job market got off to a good start in January, growing 7,100 totalnonfarm jobs over a revised decline in December 2011 of 1,000. As a result of the benchmark revisions, yearly jobgrowth in December 2011 declined slightly from 9,000 to 7,800, but as of January 2012, Connecticuts year-over-

year job growth climbed to 11,900. The states unemployment rate continued recent declines to 8.0%, down 0.1points from the revised December 2011 figure.

The regions mild winter appears to be helping job growth in Connecticut across many industries, includingconstruction, manufacturing, and trade, noted Andy Condon, Director of the Office of Research. Unemploymentcontinues to decline, though unlike in recent months, our labor force also shrank slightly. Although we still havefewer people in Connecticuts labor force than we did a year ago, we appear to be on a trend to close that gap.

Nonfarm Jobs

The Connecticut January 2012 total nonfarm job estimate expanded significantly by 7,100 positions or 0.4%.Since January 2011, the state has added 11,900 jobs (0.7%) for a current employment level of 1,630,600.

Following the annual benchmarking process, the preliminary December jobs estimate for Connecticut of a 600increase was revised to a decline of 1,000 (-0.1%, 1,623,500). The annual benchmark revises job estimates basedon a more complete count of jobs than is available when the sample estimates were originally made. Traditionally,the benchmark revision process is done annually, prior to estimating January data and this pushes back the releaseof state January data to mid-March.

Seven of Connecticuts ten employment supersectorshad gains, while three had declines. Starting with Januarydata, mining***has now been added as a seasonally adjusted supersector. However, because the miningsupersector is so small in Connecticut, its employment is rolled into the allied constructionsector for comparisonpurposes.

The construction(3,100, 6.3%) and closely related mining(100, 20.0%, mainly gravel in CT) grouping led allmajor supersector growth in January 2012, adding 3,200 jobs, or 6.4%. Undoubtedly, warm unseasonable weather

helped boost this grouping to the largest supersector gain in January. The trade, transportation, and utilitiessupersectorwas the next biggest job advancer, adding 2,100 positions (0.7%). All three subcomponents had gainsin January, providing for the positive move. The transportation and utilitiescomponent in this supersectorprovided the largest job gain (800, 1.6%) in January. The wholesale tradeportion advanced (700, 1.1%), whileretail tradechipped in 600 positions (0.3%). Education and health servicesgrew again this month, adding 1,500

jobs (0.5%). Theeducationservicespart of this supersector was higher by 800 (1.3%) even during a semesterbreak, while the health care and social assistanceportionadded another 700 (0.3%). The manufacturingsupersector gained in January adding 1,400 positions or 0.9%. Both durable(1,200, 0.9%) and nondurable(200,0.5%) manufacturingsubsectors contributed to the increase. Overall, production segments are holdingunchanged from last January. The leisure and hospitalitysupersectoradded 700 positions (0.5%) to start out


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2012. All of the job gains came from accommodation and food services(restaurants and hotels, 800, 0.7%),while arts, entertainment, and recreationslipped by 100 positions (-0.4%). Other Servicesalso added 700 jobsthis January, but this supersector has gained only 300 jobs since January 2011. Informationwas slightly higher by100 positions (0.3%) but unchanged over the year.

The biggest declining supersectorto start off 2012 was the professional and business services(-1,800, -0.9%).Mixed performance within the grouping was apparent. Professional, scientific, and technical services exhibitedsolid strength (1,300, 1.5%), however, both management of companies (-400, -1.5%) and administration andsupport and waste management services (-2,700, -3.3%) offset any gains in the supersector. The governmentsupersectorwas the next biggest job loser this month, dropping 600 positions (-0.3%); both state (-400, -0.6%) andlocalgovernment (-200, -0.1%) portrayed weakness in January, while the federal government was unchanged.Government, in total, has lost the most jobs over the year (-4,400, -1.8%). And the financial activitiesgroupingwas lower by 200 (-0.2%). Real estate lost 300 jobs (-1.6%), yet finance and insurancesqueezed out a 100 gain(0.1%) in January. The financial activitiessupersectoris the largest percentage job loser over the year (-3,600, -2.6%) even as securities and investmentsmatched new highs in 2011.

Recession recovery: Connecticut has now recovered 35,900, or 30.6% of the 117,500 nonfarm jobs it lost (basedon new seasonally adjusted recessionary points and magnitude of loss after revisions) in the March 2008 toFebruary 2010 recession (-6.9% of total nonfarm payrolls). Additionally, February 2010 is the new seasonallyadjusted recession trough at 1,594,700. Connecticuts nonfarm job level now is just below the high water mark

reached in this recovery which is now April 2011 (1,631,100 April 2011 vs. 1,630,600 for January 2012). Newlyapplied benchmark revisions and seasonal factors are effective with this release.

CT TNF Comparison between old and new benchmark during Recessionary

period (SA, 000's)

1594.7

1630.6

1590

1610

1630

1650

1670

1690

1710

Jan-08

Mar-08

May-08

Jul-08

Sep-08

Nov-08

Jan-09

Mar-09

May-09

Jul-09

Sep-09

Nov-09

Jan-10

Mar-10

May-10

Jul-10

Sep-10

Nov-10

Jan-11

Mar-11

May-11

Jul-11

Sep-11

Nov-11

Jan-12

New 2011 BM

Old 2010 BM

Labor Market Areas (LMAs): Four of the sixConnecticut Labor Market Areas, which are separately estimatedfrom the state, showed declines in January 2012. The Hartford-West Hartford-East Hartford LMA (0.2%) andNorwich-New London LMA (1.0%) led all labor area gains in January 2012, with both adding 1,200 jobs. TheHartford-West Hartford-East Hartford LMA leads in labor market job gains since January 2011 (5,000, 1.0%)


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while the Bridgeport-Stamford-Norwalk LMA led all areas in job losses this month with a 5,100 or 1.3% job loss.This LMA was also estimated to have the largest area loss over-the-year (-5,000, -1.3%).

Hours and Earnings: The workweek for all employees in the private sector, not seasonally adjusted, averaged34.1 hours in January 2012, up 0.9 hours (2.7%) from the January 2011 figure of 33.2 hours. Average hourlyearnings at $28.71, not seasonally adjusted, were up $0.32 or 1.1% higher than last January. The resultant

average private sector weekly pay estimate was $979.01, up $36.46, or 3.9% over the year. This comparesfavorably to the change in the Consumer Price Index For All Urban Consumers (CPI-U) since last January(2.9%). Information for the manufacturing production workweek and earnings can be found in the table section ofthis release under the Hours and Earnings data category.

Labor Force Data

Connecticuts unemployment rate was measured at 8.0% for January 2012. This is one-tenth lower than December2011 (8.1%), and one and three-tenths percentage points lower than January 2011 (9.3%). Connecticutsseasonally adjusted labor force measured 1,916,200 in January 2012, down 5,100 over the year (-0.3%) but onlydown 2,600 (-0.1%) from December 2011. These are the newly revised labor force data figures after the annualbenchmark process that is traditionally done this time of year.

Unemployment: Based on the household survey, the estimate of people unemployed, seasonally adjusted, wasdown 3,400 from December 2011 to 152,400, and the unemployment rate decreased one-tenth to 8.0 percent,which is below the national rate of 8.3 percent. Last January, Connecticuts unemployment rate was 9.3 percent.The Connecticut unemployment rate has not been this low since April 2009. Average weekly initial unemploymentclaims in January 2012 for first-time filers increased slightly over the month by 139 (2.8%) to 5,191 and were down314 claims from this time last year, or 5.7%.

Comparison of CT Old and New Benchmark Seasonally

Adjusted Unemployment Rates

7.0

7.5

8.0

8.5

9.0

9.5

10.0

2010

2010

2010

2010

2010

2010

2010

2010

2010

2010

2010

2010

2011

2011

2011

2011

2011

2011

2011

2011

2011

2011

2011

2011

1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12

U

nemploymentRate(%)

2010 BM

2011 BM


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The nonfarm employment estimate, derived from a survey of businesses, is a measure of jobs in the state; theunemployment rate, based on a household survey, is a measure of the work status of people who live in Connecticut.

Overall, as the national and state economies recover, volatility in monthly numbers can be expected. Additionally,changes in methodology that culminated in March 2011 with the U.S. Department of Labor, Bureau of Labor Statisticsassuming complete responsibility for estimating all states monthly nonfarm job counts have contributed to the month-to-month variability in the numbers. Jobs estimates are best understood in the context of their movement overseveral months rather than observed changes in a single months estimate.

***The very small Mining supersector(500-800 employment)has now passed seasonal adjustment in Connecticut for the first time. The tiny miningsupersectoris gravel-related in CT and is very closely linked to the Construction (50,000 employment range) supersectorhere in Connecticut. In thicase, Connecticut Department of Labor is combining mining with construction when making the industry supersectordiffusion comparison to keep aneven ten in the industry supersectorassessment.

Contact: Communications Office (860) 263-6535 03-12-12

Labor market information is available on the Internet at www.ctdol.state.ct.us/lmi

200 Folly Brook Boulevard, Wethersfield, CT 06109-1114 - www.ct.gov/dolAn Equal Opportunity/Affirmative Action Employer
http://www.ctdol.state.ct.us/lmihttp://www.ct.gov/dolhttp://www.ct.gov/dolhttp://www.ctdol.state.ct.us/lmi


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NONFARM EMPLOYMENTJobs - by Place of Work

CONNECTICUT AND THE UNITED STATES - Seasonally Adjusted

Jan. Dec Nov. Oct. Jan. Over Month Over Year2012 P 2011 R 2011 2011 2011 Change Rate Change Rate

CONNECTICUT 1,630,600 1,623,500 1,624,500 1,627,700 1,618,700 7,100 0.4% 11,900 0.7

Goods Producing Industries

Mining 600 500 600 600 600 100 20.0% 0 0.0

Construction 52,300 49,200 49,400 51,300 51,200 3,100 6.3% 1,100 2.1

Manufacturing 166,200 164,800 165,700 166,200 166,200 1,400 0.8% 0 0.0

Durable Goods 127,900 126,700 127,500 128,100 128,100 1,200 0.9% -200 -0.2

Nondurable Goods 38,300 38,100 38,200 38,100 38,100 200 0.5% 200 0.5

Service Providing Industries

Trade, Transportation & Utilities 297,400 295,300 294,500 294,900 291,200 2,100 0.7% 6,200 2.1

Wholesale 65,300 64,600 64,800 65,000 62,600 700 1.1% 2,700 4.3

Retail 180,500 179,900 179,300 179,300 179,300 600 0.3% 1,200 0.7

Transp, Warehousing & Utilities 51,600 50,800 50,400 50,600 49,300 800 1.6% 2,300 4.7

Information 31,700 31,600 31,500 31,700 31,700 100 0.3% 0 0.0

Financial Activities 132,500 132,700 133,500 133,900 136,100 -200 -0.2% -3,600 - 2.6

Finance & Insurance 114,400 114,300 114,900 115,300 117,300 100 0.1% -2,900 -2.5

Real Estate, Rental & Leasing 18,100 18,400 18,600 18,600 18,800 -300 -1.6% -700 -3.7

Professional & Business Services 194,600 196,400 196,500 196,400 193,100 -1,800 -0.9% 1,500 0.8

Prof, Scientific & Tech Services 88,500 87,200 88,100 88,400 87,000 1,300 1.5% 1,500 1.7

Management of Companies 26,800 27,200 27,100 27,000 26,700 -400 -1.5% 100 0.4

Admn & Support & Waste Mgt Serv 79,300 82,000 81,300 81,000 79,400 -2,700 -3.3% -100 -0.1

Educational & Health Services 319,100 317,600 317,000 316,700 312,100 1,500 0.5% 7,000 2.2

Educational Services 62,600 61,800 61,900 61,700 61,800 800 1.3% 800 1.3

Health Care & Social Assistance 256,500 255,800 255,100 255,000 250,300 700 0.3% 6,200 2.5

Leisure and Hospitality 139,100 138,400 138,300 138,800 135,300 700 0.5% 3,800 2.8

Arts, Entertainment & Recreation 24,200 24,300 24,200 23,800 23,900 -100 -0.4% 300 1.3

Accommodation & Food Services 114,900 114,100 114,100 115,000 111,400 800 0.7% 3,500 3.1

Other Services 60,700 60,000 60,300 60,500 60,400 700 1.2% 300 0.5Government** 236,400 237,000 237,200 236,700 240,800 -600 -0.3% -4,400 - 1.8

UNITED STATES 132,409,000 132,166,000 131,963,000 131,806,000 130,456,000 243,000 0.2% 1,953,000 1.5

LABOR MARKET AREAS (LMA)

Jan. Dec Nov. Oct. Jan. Over Month Over YearSeasonally Adjusted data 2012 P 2011 R 2011 2011 2011 Change Rate Change Ra

Bridgeport-Stamford 394,300 399,400 397,900 398,400 399,300 -5,100 -1.3% -5,000 -1.3

Danbury 67,300 68,000 67,400 67,200 65,800 -700 -1.0% 1,500 2.3

Hartford 542,600 541,400 540,200 541,900 537,500 1,200 0.2% 5,100 0.9

New Haven 267,100 267,500 268,800 269,100 265,200 -400 -0.1% 1,900 0.7

Norwich-New London 126,800 125,600 126,300 127,200 129,200 1,200 1.0% -2,400 - 1.9

Waterbury 62,300 62,500 62,300 62,400 61,800 -200 -0.3% 500 0.8

Not Seasonally Adjusted data

Enfield 44,400 45,200 45,000 44,900 44,100 -800 -1.8% 300 0.7

Torrington 34,400 35,500 35,800 35,700 34,000 -1,100 -3.1% 400 1.2

Willimantic-Danielson 35,400 36,400 36,400 36,300 35,000 -1,000 -2.7% 400 1.1

Less than 0.05% ** Includes Native American tribal government employment P = Preliminary R = Revised

Connecticut Labor Situation January 201

Labor Market Area employment estimates are made independently of Statewide estimates.

Starting with March, 2011, our monthly statewide and major LMA nonfarm job estimates have been taken over by the US Department of Labor Bureau of

Labor Statistics. This is the final phase of transition in this program, which began in 2008. As a result of changes in the estimation procedures, you are

ikely to see more variability in month-to-month estimates of job counts. Caution should be used in interpreting any single months estimate. The data are

best interpreted to identify trends and cycles over several months and quarters. If you have any questions about these changes, please email us at:

[email protected].


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UNEMPLOYMENTPersons Unemployed - by Place of Residence

CONNECTICUT AND THE UNITED STATES - Seasonally Adjusted

Number Rate Number Rate Number Points Number Rat

CONNECTICUT

Unemployed 152,400 8.0 178,000 9.3 -25,600 -1.3 155,800 8

Labor Force 1,916,200 1,921,300 -5,100 1,918,800

UNITED STATES

Unemployed 12,758,000 8.3 13,919,000 9.1 -1,161,000 -0.8 13,097,000 8

Labor Force 154,395,000 153,250,000 1,145,000 153,887,000

Number Rate Number Rate Number Points Number Ra

Bridgeport-Stamford 37,700 7.9 44,600 9.3 -6,900 -1.4 34,100 7

Danbury 6,400 6.9 7,600 8.3 -1,200 -1.4 5,600 6

Enfield 4,100 8.3 4,700 9.4 -600 -1.1 3,600 7

Hartford 51,000 8.4 60,000 9.9 -9,000 -1.5 46,000 7

New Haven 28,000 8.8 33,100 10.4 -5,100 -1.6 25,300 8Norwich-New London 13,200 8.8 15,000 9.8 -1,800 -1.0 12,100 8

Torrington 4,600 8.4 5,600 10.2 -1,000 -1.8 3,900 7

Waterbury 11,300 11.1 13,700 13.3 -2,400 -2.2 10,200 10

Willimantic-Danielson 5,800 9.8 6,700 11.2 -900 -1.4 5,300 8

CONNECTICUT 160,900 8.5 189,500 9.9 -28,600 -1.4 145,000 7

UNITED STATES 13,541,000 8.8 14,937,000 9.8 -1,396,000 -1.0 12,692,000 8

P = Preliminary R = Revised

Labor force data included in this publication are developed in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics.


Jan 2012 P Jan 2011 R Change Dec 2011 R

LABOR MARKET AREAS - Not Seasonally Adjusted

Jan 2011 R Change Dec 2011 RJan 2012 P

U.S. AND CONNECTICUT UNEMPLOYMENT RATES - Seasonally Adjusted

2010 - 2012

6.0

7.0

8.0

9.0

10.0

11.0

12.0

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

2010 2011 2012

PercentUnemployed

US

CT


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UNEMPLOYMENT RATESNot Seasonally Adjusted

LABOR MARKET AREAS

Not

HOURS AND EARNINGS

CONNECTICUT Statewide -Not Seasonally Adjusted

Average Weekly Earnings Average Weekly Hours Average Hourly Earn

Jan. Jan. Change Dec. Jan. Jan. Change Dec. Jan. Jan. Change

2012 P 2011 over Yr. 2011 R 2012 P 2011 over Yr. 2011 R 2012 P 2011 over Yr. 2

Private IndustryAll Employees $979.01 $942.55 $36.46 $968.54 34.1 33.2 0.9 34.2 $28.71 $28.39 $0.32

Manufacturing

Production Workers $994.31 $971.60 $22.71 $1,030.93 39.9 40.7 -0.8 39.4 $24.92 $24.66 $0.26

P = Preliminary R = Revised

ours an earn ngs are a so eve ope or e s a e s ma or n us ry sec ors an a or ar e reas. ey can e oun onour website at: www.ctdol.state.ct.us/lmi.


NorthBranford

Bridgewater

Trumbull

Weston

NewCanaan

Greenwich

StamfordNorwalk

Darien

Wilton

Westport

Fairfield

Brookfield

ReddingRidgefield

Danbury

NewFairfield

Monroe

Easton

Bethel

Newtown

Southbury

Derby

Orange

Milford

BridgeportStratford

Shelton EastHaven

WestHaven

NewHaven

Branford

BethanyOxford

Ansonia

SeymourWood-bridge

Naugatuck

BeaconFalls

NorthHaven

Hamden

CheshireProspect

Wallingford

Winchester

Warren

Washington

Sherman

NewMilford

Kent

Watertown

Roxbury Woodbury

Litchfield

Bethlehem

Morris

Canaan

SharonCornwall

Salisbury

GoshenTorrington

NorthCanaan

Norfolk

Farmington

Bristol

Wolcott

Middlebury

Waterbury

ThomastonPlymouth

BerlinSouthington

Meriden

PlainvilleNew

Britain

Burlington

NewHartford

Harwinton

Colebrook

Barkhamsted

Hartland

SimsburyCanton

Avon

Granby

Sprague

LymeChester

Clinton

MadisonGuilford

Killing-worth

West-brook

OldSaybrook

Deep River

Essex

Haddam

Middletown

Middlefield

Durham

CromwellPortland

ColchesterEast

Hampton

EastHaddam

Marlborough

Hebron

Montville

Waterford

OldLyme

EastLyme

StoningtonNew

LondonGroton

Ledyard

Norwich

NorthStonington

Franklin

Salem

Lebanon

Bozrah

Voluntown

Preston

LisbonGriswold

Stafford

Manchester

GlastonburyWethersfield

Newington

RockyHill

WestHartford

Hartford EastHartford

Andover

BoltonCoventry

SouthWindsor

Windsor

Bloomfield

Suffield

EastGranby Windsor

Locks EastWindsor

Vernon

Ellington

Tolland

EnfieldSomers

KillinglyChaplin

WindhamColumbia

Mansfield

Scotland PlainfieldCanterbury Sterling

Hampton Brooklyn

EastfordWillingtonAshford

Union

Putnam

Pomfret

Woodstock

Thompson

Waterbury11.1

Bridgeport-Stamford7.9

Danbury6.9

Torrington8.4

New Haven8.8

Hartford8.4

Enfield

8.3

Willimantic-Danielson9.8

Norwich-New London8.8

January 2012Connecticut: 8.5%

U.S.: 8.8%


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T R E N D SSeasonally Adjusted

Nonfarm Total Unemployment

Employment (000s) Rate

2011

Jan 1,618.7 9.3

Feb 1,621.7 9.2

Mar 1,621.7 9.1

Apr 1,631.1 9.0

May 1,623.4 8.9

Jun 1,620.8 8.9

July 1,626.1 8.9

Aug 1,623.7 8.8

Sep 1,624.2 8.6

Oct 1,627.7 8.5

Nov 1,624.5 8.3

Dec 1,623.5 R 8.1 R

2012

Jan 1,630.6 P 8.0 P

Feb

Mar

AprMay

Jun

July

Aug

Sep

Oct

Nov

Dec

Avg Weekly Avg Manufacturing

Initial Claims Weekly Hours*2011

Jan 5,506 39.4Feb 5,057 41.0

Mar 5,097 41.1

Apr 5,176 40.7

May 5,290 40.7

Jun 5,079 41.1

July 5,022 40.1

Aug 4,924 40.4

Sep 5,927 40.2

Oct 5,070 40.6

Nov 8,694 40.6

Dec 5,052 40.7 R

2012

Jan 5,191 39.9 PFeb

Mar

Apr

May

Jun

July

Aug

Sep

Oct

Nov

Dec

* Not seasonally adjusted P = Preliminary R = Revised ** Labor-management dispute


Nonfarm Employment

1,605.0

1,610.0

1,615.0

1,620.0

1,625.0

1,630.0

1,635.0

Jan Mar May July Sep Nov Jan Mar May July Sep Nov

2011 2012

Thousands

SA 3-Months MA

Average Weekly Initial Claims

0

2,000

4,000

6,000

8,000

10,000


2011 2012

Total Unemployment Rate

7.0

7.5

8.0

8.5

9.0

9.5


2011 2012

Percent

Average Manufacturing Weekly Hours

35.0

37.0

39.0

41.0

43.0

45.0


2011 2012

January 2012 CT Labor Situation

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