Escolar Documentos
Profissional Documentos
Cultura Documentos
ECONOMIC DIGEST
Vol.2 No.2 A joint publication of the Connecticut Department of Labor & the Connecticut Department of Economic and Community Development
ECONOMIC DIGEST
In 1996, 15,003 (57.0%) programs providing occupational
attended four-year schools and preparation as well as academic The Connecticut Economic Digest is
published monthly by the Connecticut
4,024 (15.3%) attended two-year high school completion require-
Department of Labor, Office of Research and
schools. The majority of gradu- ments. the Connecticut Department of Economic and
ates attending four-year colleges, In the last 10 years the num- Community Development, Research Division.
8,653, went to out-of-state ber of vocational-technical school Its purpose is to regularly provide users with a
comprehensive source for the most current,
schools. This continued a long- graduates has dropped much up-to-date data available on the workforce and
term trend of graduates continu- more (36%) than the number of economy of the state, within perspectives of
ing their education at out-of-state local public graduates (19%). the region and nation.
schools. Over the same time, a higher The views expressed by authors are theirs
percentage of vocational-techni- alone and do not necessarily reflect those of
the Departments of Labor or Economic and
Fewer Graduates Directly cal school graduates continued
Community Development.
Enter Workforce their education following gradua-
To receive this publication free of charge write
In 1996, 5,280 graduates tion. In 1996, over 26% of VT to: The Connecticut Economic Digest ,
directly entered the workforce. graduates continued their educa- Connecticut Department of Labor, Office of
This represented 20.1% of the tion following graduation, while Research, 200 Folly Brook Boulevard,
total 26,319 graduates: 15.9% of in 1986 20% did so. Fewer Wethersfield, CT 06109; or call: (860) 566-
7823. Current subscribers who do not wish to
the total were local public school graduates and a higher propor - continue receiving the publication or who have
graduates and 4.1% were voca- tion continuing their education a change of address are asked to fill out the
tional-technical school graduates. have resulted in fewer vocational- information on the back cover and return it to
technical school graduates the above address.
Of these, 779 entered the mili-
tary, 4,136 were employed and directly entering the labor force. Contributing DOL Staff: Salvatore DiPillo,
Lincoln S. Dyer, Arthur Famiglietti and Joseph
365 were unemployed. In 1996, 1,105 graduates sought Slepski. Managing Editor: Charles Joo.
In 1986, when a higher employment, while 10 years Contributing DECD Staff: Sandy Bergin,
percentage and a larger number earlier over 1,500 did so. Kolie Chang, William Hesse and Mark Prisloe.
of graduates entered the work Table 3 below provides de- We would also like to thank our associates at
the Connecticut Center for Economic Analysis,
force directly upon graduation tailed follow-up information for University of Connecticut, for their
contributions to the Digest.
TABLE 3
Number No. with Job No. with Job
Voc-Tech Number of Pursuing Number in Related to Unrelated to
Course Graduates Education Military Training Training Connecticut
Auto Body Repair 48 4 4 26 11
Auto Mechanics 151 34 6 67 28 Department of Labor
Carpentry 121 15 8 49 26
James P. Butler, Commissioner
Culinary 127 34 6 39 21 William R. Bellotti, Deputy Commissioner
Drafting Arch 50 29 1 3 8 John E. Saunders, Deputy Commissioner
Drafting Mach 88 40 4 11 22 Jean E. Zurbrigen, Deputy Commissioner
Electrical 177 31 6 80 35
Electro-Mechanical 44 21 2 6 9 Roger F. Therrien, Director
Electronics 146 70 7 18 30 Office of Research
Fashion Technology 36 13 1 9 8 200 Folly Brook Boulevard
Wethersfield, CT 06109
Graphic Commun 80 36 1 13 14
Phone: (860) 566-7823
Hairdress/Cosmetgy 176 36 2 59 34 Fax: (860) 566-7963
Heating Vent & AC 90 16 5 40 13 E-Mail: salvatore.dipillo@po.state.ct.us
Manufacturing Tech 107 20 2 45 20
Plumbing & Heating 96 7 1 40 31
VT schools offer the following programs which, in 1995, had fewer than 25 graduates: Baking, Engine Repair, Health
Tech, Hotel Tech, Masonry, Metal Trades Tech, Microcomputer SW Tech, Paint & Decorating, and Welding.
Connecticut Department
of Economic and
than in any succeeding years, 1995 graduates of vocational- Community Development
over 9,500, or 31.3% entered the technical programs with 25 or Peter N. Ellef, Commissioner
workforce directly upon high more graduates. (1996 program Richard Cianci, Deputy Commissioner
school completion. detail not yet analyzed).
Research Division
Table 4 on page 4 shows 865 Brook Street DECD
Vocational-Technical Schools detailed information on the after- Rocky Hill, CT 06067 RESEARCH
Vocational-Technical (VT) graduation activities of the 1996 Phone: (860) 258-4238
Fax: (860) 258-4322
schools offer a wide range of graduating class. E-Mail: william.hesse@po.state.ct.us
Continued on page 4
●2 THE CONNECTICUT ECONOMIC DIGEST February 1997
Highlighting Connecticut’s Growing Plastics Industry
Connecticut’s growing plastics in- other manufacturing industries in tries in Connecticut. There are
dustry will be highlighted at the the creation of jobs and economic 339 plastics facilities in the state,
first Plastics Expo to be held on growth for America’s communities. with total annual shipments
April 2, 1997 at the Aquaturf In the past two decades, the greater than $3 billion, making
Club, Southington, CT. Over 60 industry’s producers of raw mate- Connecticut one of the strongest
exhibitors will be present to dis- rials, products, processing machin- states for plastics manufacturing.
play plastic parts and products ery and molds have continually The plastics industry in Connecti-
manufactured in Connecticut. Last cut provides more than 19,000
year, the Connecticut plastics in- jobs, and generates more than
PLASTICONN 97
dustry held its first Plastics Sym- $600 million in annual wages.
posium at the Legislative Office APRIL 2, 1997 This industry, including plastic
Building in Hartford. Plastic parts AQUATURF CLUB, SOUTHINGTON, CT product manufacturers, machin-
produced here were displayed to 1:00PM - 4:30PM ery companies and moldmakers,
highlight the importance of this VIEW THE LATEST TECHNOLOGIES, wholesale distributors, and cap-
industry to Connecticut’s manu- tive plastic processors (integrated
NETWORK, ATTEND SEMINARS,
facturing and economic future. with manufacturing in other in-
Since then, a number manufactur- ENJOY SPECIAL EVENTS dustries) - will be a key provider
ing projects, seminars, and pilot of new employment opportunities
training programs have developed, added new jobs to the economy for Connecticut workers now and
expanding the visibility of this in- even as overall manufacturing em- into the 21st century.
dustry. ployment declined.
Nationally, the plastics industry is In Connecticut, this industry has For more information contact:
a significant contributor to the a projected annual growth rate well John Tirinzonie, (860) 566-2121
nation’s economy, outpacing most above the overall average for indus-
HOUSING UPDATE
Housing permits decrease in 1996
T heof Economic
Connecticut Department
and Community
most building permits with 1,734,
followed by Fairfield County with
Fairfield County docu-
mented the largest number of
Development announced that 1,667, and New Haven County new, authorized units in
Connecticut communities with 1,573. Stamford authorized December with 182. New
authorized 7,714 new housing 302 new units during 1996, Haven County followed with
units during 1996, a 7.1% followed by Southington with 155 units and Hartford County
decrease compared to 1995 180, Milford with 174, Shelton had 95 units. Milford led all
when 8,307 were authorized. with 173, and Glastonbury with Connecticut communities with
The Department further 170. 35 units, followed by Bridge-
indicated that the 589 units Reports from municipal port with 34 and Norwalk with
permitted in December 1996 officials throughout the state 27. ■
represent a decrease of 8.4% indicate that Fairfield County
from the 643 units permitted in showed the greatest percentage
December 1995, and that they increase in December compared
are down 13.8% from November to the same month a year ago:
1996 when 683 were autho- 52.9%. Middlesex County re-
rized. ported the greatest percentage
Totals for 1996 indicate that decline: 47.5% for the same
Hartford County issued the period.
Peak
02/89
100
100
95
80 Trough
Peak
03/80 06/92
90
Trough
60 01/83
Peak
Peak
85 05/74
12/69
40
80 Trough
Trough
09/75
10/71
75 20
70 72 74 76 78 80 82 84 86 88 90 92 94 96 70 72 74 76 78 80 82 84 86 88 90 92 94 96
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.
Source: Connecticut Center for Economic Analysis, University of Connecticut. Developed by Pami Dua [(203) 322-3466,
Stamford Campus (on leave)] and Stephen M. Miller [(860) 486-3853, Storrs Campus]. Tara Blois [(860) 486-4752, Storrs
Campus] provided research support.
Note: Beginning with the November 1996 release, all estimates for 1990:Q1 through 1996:Q3
are no longer consistent with 1969:Q1 to 1989:Q4. The estimates for 1969:Q1 to 1989:Q4 will
be revised by BEA in the second half of 1997.
New Hampshire’s
UNEMPLOYMENT RATES
unemployment rate was
DEC DEC NOV
(Seasonally adjusted) 1996 1995 CHANGE 1996 the lowest, while New
Connecticut 5.2 5.6 -0.4 5.1 Jersey experienced the
Maine 4.4 5.3 -0.9 4.2 highest rate in December.
Massachusetts 4.1 5.2 -1.1 4.0
New Hampshire 3.3 3.5 -0.2 3.9
New Jersey 6.2 6.5 -0.3 6.2
New York 6.1 6.3 -0.2 6.0
Pennsylvania 4.9 6.0 -1.1 4.8
Rhode Island 5.2 6.9 -1.7 4.9
Vermont 4.4 4.2 0.2 4.5
United States 5.3 5.6 -0.3 5.3
Source: U.S. Department of Labor, Bureau of Labor Statistics
1,600
May 1,542.7 1,562.4 1,576.5
1,550 Jun 1,545.5 1,562.9 1,576.5
1,500 Jul 1,546.3 1,564.5 1,581.3
Aug 1,549.3 1,568.1 1,583.6
1,450 Sep 1,551.8 1,569.7 1,586.1
1,400 Oct 1,554.2 1,568.0 1,584.7
Nov 1,556.0 1,563.1 1,583.7
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96
Dec 1,554.2 1,562.7 1,586.8
AVERAGE WEEKLY INITIAL CLAIMS (Seasonally adjusted) Month 1994 1995 1996
Jan 5,346 4,362 4,510
10,000
Feb 4,846 4,884 4,551
9,000 Mar 5,213 4,788 4,080
8,000 Apr 5,375 4,714 4,204
7,000 May 5,185 4,955 4,169
6,000 Jun 5,130 5,642 4,111
5,000 Jul 4,778 5,098 4,404
4,000 Aug 4,678 4,951 4,364
3,000 Sep 4,827 4,966 4,134
2,000 Oct 4,769 4,873 4,247
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 Nov 4,375 5,324 3,798
Dec 4,853 4,197 4,843
●
10
THE CONNECTICUT ECONOMIC DIGEST February 1997
ECONOMIC INDICATOR TRENDS
REAL AVG MANUFACTURING HOURLY EARNINGS (Not seasonally adjusted) Month 1994 1995 1996
Jan $9.32 $9.28 $9.20
9.60
Feb 9.35 9.20 9.09
9.40 Mar 9.37 9.17 9.11
1982-84 Dollars
AVG MANUFACTURING WEEKLY HOURS (Seasonally adjusted) Month 1994 1995 1996
Jan 42.8 42.6 39.1
44.0
Feb 39.9 43.0 42.8
43.0 Mar 43.3 43.0 42.7
Apr 43.4 41.5 42.6
42.0
May 42.9 42.9 42.7
41.0 Jun 43.0 42.7 42.8
40.0 Jul 43.0 42.3 42.7
Aug 43.0 42.8 42.8
39.0 Sep 43.2 43.2 43.1
38.0 Oct 42.7 43.5 42.8
Nov 43.2 42.9 42.9
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96
Dec 43.3 42.7 42.7
DOL NEWLY REGISTERED EMPLOYERS (12-month moving average) Month 1994 1995 1996
Jan 742 826 810
1,100 Feb 730 844 794
1,000 Mar 740 833 812
Apr 752 813 813
900
May 745 827 811
800 Jun 765 824 838
Jul 771 819 833
700
Aug 768 821 833
600 Sep 787 822 838
500 Oct 795 823 825
Nov 800 827 825
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96
Dec 813 828 828
HEALTH SERVICES EMPLOYMENT (Not seasonally adjusted) Month 1994 1995 1996
Jan 149.2 151.1 152.5
160 Feb 148.3 152.6 152.8
150 Mar 149.4 153.1 153.7
Apr 150.6 152.1 153.2
Thousands
●
12
THE CONNECTICUT ECONOMIC DIGEST February 1997
ECONOMIC INDICATOR TRENDS
HARTFORD HELP WANTED INDEX (Seasonally adjusted) Month 1994 1995 1996
Jan 29 32 35
120
Feb 32 35 33
100 Mar 32 36 34
Apr 32 33 34
1987=100
80
May 33 34 35
60 Jun 32 33 36
40 Jul 33 31 34
Aug 32 32 32
20 Sep 33 39 35
0 Oct 35 30 35
Nov 36 32 36
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96
Dec 40 40 35
NEW HOUSING PERMITS (Not seasonally adjusted) Month 1994 1995 1996
Jan 370 566 313
4,000
Feb 300 323 385
3,500 Mar 570 721 587
3,000 Apr 839 1,032 660
2,500 May 950 735 846
2,000 Jun 1,173 709 684
1,500 Jul 1,169 674 764
1,000 Aug 930 934 710
500 Sep 852 726 737
0 Oct 801 727 746
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 Nov 812 635 683
Dec 728 598 589
NEW AUTO REGISTRATIONS PROCESSED (Not seasonally adjusted) Month 1994 1995 1996
Jan 10,947 17,777 16,714
30,000
Feb 13,463 18,580 9,724
25,000 Mar 8,910 13,422 13,132
Apr 24,757 10,777 14,930
20,000
May 17,829 15,516 14,492
15,000 Jun 20,839 19,419 16,812
10,000 Jul 21,129 16,107 18,412
Aug 21,812 12,552 20,409
5,000 Sep 18,622 13,413 14,420
0 Oct 16,848 20,463 13,059
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 Nov 17,319 17,740 12,676
Dec 19,249 14,196 12,684
U.S. CONSUMER PRICE INDEX (Not seasonally adjusted) Month 1994 1995 1996
Jan 2.5 2.8 2.7
10.0
Feb 2.5 2.9 2.7
Over-the-year % changes
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1995.
*Total excludes workers idled due to labor-management disputes. **Includes Indian tribal government employment.
●
14
THE CONNECTICUT ECONOMIC DIGEST February 1997
NONFARM EMPLOYMENT ESTIMATES
BRIDGEPORT LMA
DEC DEC CHANGE NOV
(Not seasonally adjusted) 1996 1995 NO. % 1996
DANBURY LMA
DEC DEC CHANGE NOV
(Not seasonally adjusted) 1996 1995 NO. % 1996
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1995.
*Total excludes workers idled due to labor-management disputes.
For further information on the Danielson Labor Market Area contact Joseph Slepski at (860) 566-7823.
HARTFORD LMA
DEC DEC CHANGE NOV
(Not seasonally adjusted) 1996 1995 NO. % 1996
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1995.
*Total excludes workers idled due to labor-management disputes.
●
16
THE CONNECTICUT ECONOMIC DIGEST February 1997
NONFARM EMPLOYMENT ESTIMATES
LOWER RIVER LMA
DEC DEC CHANGE NOV
(Not seasonally adjusted) 1996 1995 NO. % 1996
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1995.
*Total excludes workers idled due to labor-management disputes.
STAMFORD LMA
DEC DEC CHANGE NOV
(Not seasonally adjusted) 1996 1995 NO. % 1996
WATERBURY LMA
DEC DEC CHANGE NOV
(Not seasonally adjusted) 1996 1995 NO. % 1996
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1995.
*Total excludes workers idled due to labor-management disputes.
BRIDGEPORT LMA Civilian Labor Force 220,200 215,900 4,300 2.0 221,900
Employed 207,600 203,100 4,500 2.2 210,000
Unemployed 12,600 12,800 -200 -1.6 11,800
Unemployment Rate 5.7 5.9 -0.2 --- 5.3
DANBURY LMA Civilian Labor Force 106,600 106,200 400 0.4 107,500
Employed 103,200 102,600 600 0.6 104,100
Unemployed 3,400 3,600 -200 -5.6 3,400
Unemployment Rate 3.2 3.4 -0.2 --- 3.1
DANIELSON LMA Civilian Labor Force 34,400 32,900 1,500 4.6 34,500
Employed 32,200 31,000 1,200 3.9 32,400
Unemployed 2,200 2,000 200 10.0 2,100
Unemployment Rate 6.4 6.0 0.4 --- 6.1
HARTFORD LMA Civilian Labor Force 590,600 583,800 6,800 1.2 597,100
Employed 560,600 550,800 9,800 1.8 568,100
Unemployed 29,900 33,000 -3,100 -9.4 28,900
Unemployment Rate 5.1 5.6 -0.5 --- 4.8
LOWER RIVER LMA Civilian Labor Force 11,900 11,800 100 0.8 12,100
Employed 11,500 11,400 100 0.9 11,600
Unemployed 500 500 0 0.0 500
Unemployment Rate 3.9 4.1 -0.2 --- 3.9
NEW HAVEN LMA Civilian Labor Force 271,500 264,900 6,600 2.5 275,900
Employed 258,300 250,800 7,500 3.0 262,900
Unemployed 13,100 14,100 -1,000 -7.1 13,100
Unemployment Rate 4.8 5.3 -0.5 --- 4.7
NEW LONDON LMA Civilian Labor Force 154,000 147,100 6,900 4.7 155,900
Employed 145,900 139,900 6,000 4.3 147,900
Unemployed 8,100 7,200 900 12.5 7,900
Unemployment Rate 5.3 4.9 0.4 --- 5.1
STAMFORD LMA Civilian Labor Force 192,600 185,100 7,500 4.1 193,100
Employed 186,700 178,600 8,100 4.5 187,200
Unemployed 5,900 6,500 -600 -9.2 5,900
Unemployment Rate 3.1 3.5 -0.4 --- 3.0
TORRINGTON LMA Civilian Labor Force 38,100 37,900 200 0.5 38,400
Employed 36,600 36,200 400 1.1 37,000
Unemployed 1,500 1,600 -100 -6.3 1,400
Unemployment Rate 4.0 4.3 -0.3 --- 3.6
WATERBURY LMA Civilian Labor Force 119,900 115,100 4,800 4.2 121,300
Employed 113,600 108,400 5,200 4.8 115,200
Unemployed 6,300 6,700 -400 -6.0 6,100
Unemployment Rate 5.3 5.8 -0.5 --- 5.0
UNITED STATES Civilian Labor Force 134,583,000 132,008,000 2,575,000 2.0 134,973,000
Employed 127,903,000 125,136,000 2,767,000 2.2 128,157,000
Unemployed 6,680,000 6,872,000 -192,000 -2.8 6,816,000
Unemployment Rate 5.0 5.2 -0.2 --- 5.0
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1995.
●
20
THE CONNECTICUT ECONOMIC DIGEST February 1997
MANUFACTURING HOURS AND EARNINGS
AVG WEEKLY EARNINGS AVG WEEKLY HOURS AVG HOURLY EARNINGS
DEC CHG NOV DEC CHG NOV DEC CHG NOV
(Not seasonally adjusted) 1996 1995 Y/Y 1996 1996 1995 Y/Y 1996 1996 1995 Y/Y 1996
MANUFACTURING $618.57 $607.26 $11.31 $609.12 43.5 43.5 0.0 43.2 $14.22 $13.96 $0.26 $14.10
DURABLE GOODS 634.66 621.96 12.70 622.92 43.8 43.8 0.0 43.5 14.49 14.20 0.29 14.32
Lumber & Furniture 470.30 458.87 11.44 472.46 41.4 40.5 0.9 41.7 11.36 11.33 0.03 11.33
Stone, Clay and Glass 569.99 563.13 6.86 598.00 42.6 42.5 0.1 44.1 13.38 13.25 0.13 13.56
Primary Metals 592.21 580.65 11.56 589.19 43.9 44.7 -0.8 44.3 13.49 12.99 0.50 13.30
Fabricated Metals 587.33 562.46 24.87 584.21 43.7 43.1 0.6 43.5 13.44 13.05 0.39 13.43
Machinery 684.32 699.93 -15.61 674.70 45.5 46.6 -1.1 45.1 15.04 15.02 0.02 14.96
Electrical Equipment 499.28 503.10 -3.82 497.78 41.4 43.0 -1.6 42.4 12.06 11.70 0.36 11.74
Trans. Equipment 805.01 769.05 35.96 781.45 45.2 44.3 0.9 44.3 17.81 17.36 0.45 17.64
Instruments 570.20 569.94 0.26 550.63 42.3 42.0 0.3 41.0 13.48 13.57 -0.09 13.43
Miscellaneous Mfg 571.00 544.00 27.00 557.94 42.9 42.5 0.4 42.3 13.31 12.80 0.51 13.19
NONDUR. GOODS 579.94 567.43 12.51 574.94 42.8 42.6 0.2 42.4 13.55 13.32 0.23 13.56
Food 524.66 511.56 13.09 505.99 44.5 44.6 -0.1 43.1 11.79 11.47 0.32 11.74
Textiles 456.12 457.65 -1.53 454.90 40.4 40.5 -0.1 40.4 11.29 11.30 -0.01 11.26
Apparel 347.31 344.93 2.38 345.84 39.2 38.8 0.4 39.3 8.86 8.89 -0.03 8.80
Paper 712.25 705.17 7.08 705.28 47.2 48.2 -1.0 46.8 15.09 14.63 0.46 15.07
Printing & Publishing 566.12 529.43 36.69 565.26 39.7 38.9 0.8 39.2 14.26 13.61 0.65 14.42
Chemicals 777.94 762.94 14.99 786.78 45.6 44.8 0.8 45.4 17.06 17.03 0.03 17.33
Rubber & Misc. Plast. 497.99 497.34 0.66 493.91 42.6 42.8 -0.2 42.8 11.69 11.62 0.07 11.54
CONSTRUCTION 740.25 732.80 7.45 759.94 40.1 40.0 0.1 41.1 18.46 18.32 0.14 18.49
LMAs AVG WEEKLY EARNINGS AVG WEEKLY HOURS AVG HOURLY EARNINGS
(Not seasonally adjusted) DEC CHG NOV DEC CHG NOV DEC CHG NOV
MANUFACTURING 1996 1995 Y/Y 1996 1996 1995 Y/Y 1996 1996 1995 Y/Y 1996
Bridgeport $671.23 $645.13 $26.10 $645.33 43.7 44.4 -0.7 43.9 $15.36 $14.53 $0.83 $14.70
Danbury 660.22 642.52 17.70 671.22 44.7 47.7 -3.0 45.2 14.77 13.47 1.30 14.85
Danielson 474.70 480.67 -5.97 471.98 40.4 40.7 -0.3 40.1 11.75 11.81 -0.06 11.77
Hartford 668.66 636.27 32.39 655.69 44.4 43.7 0.7 43.8 15.06 14.56 0.50 14.97
Lower River 504.94 508.02 -3.08 496.94 41.8 42.3 -0.5 40.5 12.08 12.01 0.07 12.27
New Haven 599.27 551.27 48.00 588.83 43.3 41.7 1.6 42.7 13.84 13.22 0.62 13.79
New London 630.89 633.48 -2.59 609.97 43.6 43.9 -0.3 42.3 14.47 14.43 0.04 14.42
Stamford 599.81 565.56 34.25 590.37 42.6 40.6 2.0 41.9 14.08 13.93 0.15 14.09
Torrington 550.28 535.09 15.19 551.76 43.5 42.4 1.1 44.0 12.65 12.62 0.03 12.54
Waterbury 600.75 573.24 27.51 594.51 45.0 44.3 0.7 44.7 13.35 12.94 0.41 13.30
Current month's data are preliminary. Prior months' data have been revised. All data are benchmarked to March 1995.
●
22
THE CONNECTICUT ECONOMIC DIGEST February 1997
TECHNICAL NOTES
BUSINESS STARTS AND TERMINATIONS
DOL newly registered employers are those businesses newly registered with the Labor Department’s unemployment insurance program
(including reopened accounts) during the month. DOL discontinued employers are those accounts that are terminated due to inactivity (no
employees) or business closure. Registrations and terminations of business entities as recorded with the Secretary of the State are an
indication of new business formation and activity. These registrations include limited liability companies, limited liability partnerships, and
foreign-owned (out-of-state) and domestic-owned (in-state) corporations.
There is no separate consumer price index for Connecticut or any area within the state.
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 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 .......... +2.7 Business Activity Tourism and Travel
Coincident Employment Index ...... +7.1 New Housing Permits ..................... -8.4 Tourism Inquiries .......................... +18.8
Electricity Sales ............................. +3.4 Tourism Info Centers .................... +15.1
Total Nonfarm Employment .......... +1.5 Retail Sales ................................. +15.8 Attraction Visitors ......................... +18.6
Construction Contracts Index ........ -23.2 Hotel-Motel Occupancy ................ -16.1
Unemployment .............................. -0.4* New Auto Registrations ................. -10.7 Air Passenger Count ...................... -5.9
Labor Force ................................... +2.3 Air Cargo Tons ............................. +14.6
Employed ...................................... +2.8 Employment Cost Index
Unemployed ................................... -5.7 Total ............................................... +3.1
Business Starts Wages & Salaries .......................... +3.4
Average Weekly Initial Claims ....... 15.4 Secretary of the State .................... +9.8 Benefit Costs ................................. +2.0
Help Wanted Index -- Hartford ...... -12.5 Dept. of Labor .............................. +14.4
Average Ins. Unempl. Rate ......... -0.39* Consumer Price Index
Business Terminations U.S. City Average ........................... +3.3
Average Weekly Hours .................... 0.0 Secretary of the State .................... +5.0 Northeast Region ........................... +3.2
Average Hourly Earnings .............. +1.9 Dept. of Labor ................................. -3.4 NY-NJ-Long Island ......................... +2.9
Average Weekly Earnings ............. +1.9 Boston-Lawrence-Salem ............... +3.7
Manufacturing Output ................... +1.5 Consumer Confidence
Production Worker Hours ................ -0.8 State Tax Collections ..................... +5.4 U.S. ............................................. +14.7
Productivity .................................... +2.5 Corporate Tax ................................ -20.5 New England .............................. +36.7
Personal Income Tax .................... +13.7
UI Covered Wages ......................... +5.1 Real Estate Conveyance Tax .......... +0.5 Interest Rates
Personal Income ............................ +5.0 Sales & Use Tax ............................. +5.1 Prime .......................................... -0.40*
Real Personal Income ..................... NA Conventional Mortgage ............... +0.40*
*Percentage point change; ** Less than 0.05 percent; NA = Not Available
THE CONNECTICUT
ECONOMIC DIGEST
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The Connecticut Departments of Labor and
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