• Connecticut Employment Changes - By Industry - August 2012

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GAINERS Growing industries in August were led by education and health services (500, 0.2%). This group continues to lead all industries in over-the-year job growth (11,000, 3.5%). The information industry came in with a significant 400 job gain (1.3%) and the broadcasting segments have been doing well. The financial activities industry (100, 0.1%) also gained jobs. Finance and insurance lost jobs (-100, -0.1%) but real estate (200, 1.1%) perked up, adding positions. The professional and business services industry (100, 0.1%) showed a slight gain. LOSERS Leisure and hospitality led job losing industries (-3,100, -2.2%) over the month with a significant decline. Employment in this sector can be volatile, particularly in seasonal transitions such as the end of summer. The arts, entertainment, and recreation (-1,000, -3.9%) and the accommodation and food services (-2,100, -1.8%) components combined for large monthly job losses. The trade, transportation, and utilities (-1,400, -0.5%) industry had the next biggest job loss. Retail trade experienced a large decline (-1,900, -1.0%) which could not be made up for with gains in wholesale trade (100, 0.2%) and transportation, warehousing, and utilities (400, 0.8%). The construction & mining industry endured another drop this month (-1,300, -2.6%). The small mining component was unchanged last month and all the employment losses occurred in construction (-1,300, -2.7%). Manufacturing (-1,200, -0.7%) faced significant job losses this month after gains in July, with both durable goods manufacturing (-1,000, -0.8%) and the nondurable goods (-200, -0.5%) segments showing weakness. There is some evidence that aerospace and defense–related durable manufacturing are seeing a softening in contract work. Government (-500, -0.2%) continues to counterbalance overall job gains with another decline in August. Local government (-800, -0.5%, Indian casinos measured here) is still revealing the bulk of the declines, as federal (100, 0.6%) and state government (200, 0.3%) had slight over-themonth gains. The other services (-400, -0.7%) industry job level was lower last month. Membership, professional, and religious organizations seemed to be cutting back to end the summer. Source: CTDOL

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