• Connecticut’s Employment, by Industry – October 2012

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Five of Connecticut’s ten major employing industry industries displayed job growth in October 2012, while five industries showed declines. Gainers Job gaining industries in October were led by leisure and hospitality (2,200, 1.6%). A statistically significant move from accommodation and food services (3,000, 2.7%) component drove the increase. The transportation, and utilities (1,900, 0.7%) industry was the next major industry job producer. All three components, wholesale trade (600, 1.0%), retail trade (700, 0.4%), and transportation and utilities (600, 1.2%) supported the gains. The other services industry increased 500 jobs (0.8%). Personal and religious services had over-the-month growth. Information logged its’ third monthly job gain in a row (200, 0.6%). Recent broadcasting activity and industry expansions are the current catalyst, while telecommunications held steady. Government accumulated a 100 position gain (less than 0.05%) with small state (100, 0.2%) and local (200, 0.1%) entity increases offsetting a federal decline (-200, -1.2%). Losers Education and health services (-1,500, -0.5%) led job losing industry industries in October, driven by the health care and social assistance (-2,300, -0.9%) component which posted a statistically significant decline that could not be offset by an education gain (800, 1.2%). The financial activities industry (-1,100, -0.8%) also recorded a statistically significant drop. Both subsectors, finance and insurance (-1,000, -0.9%, considered statistically significant) and real estate (-100, -0.5%), contributed to the industry monthly loss. Professional and business services shed 600 positions (-0.3%) this month. Professional, scientific, and technical services (-300, -0.3%) and administrative and support services (-400, -0.5%) declined while management services (100, 0.4%) posted a small gain. Manufacturing (-300, -0.2%) tallied its third consecutive monthly drop. The larger durable goods (-400, -0.3%) production subsector lost jobs while the non-durable goods (100, 0.3%) production components were slightly positive. Construction and mining (-200, -0.4%) declined as both mining (-100, -16.7%) and construction (-100, -0.2%) shed jobs. Source: CTDOL

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