ECONOMIC DIGEST
Vol.5 No.12 A joint publication of the Connecticut Department of Labor & the Connecticut Department of Economic and Community Development
ECONOMIC DIGEST
The Connecticut Economic Digest is
required on some aspects of
probability sampling and on how
but not all areas in Connecticut
will have adequate sample cover-
best to introduce the probability age under the new probability
published monthly by the Connecticut
Department of Labor, Office of Research and
estimates into the current se- design to provide estimates using
the Connecticut Department of Economic and ries.” The progression toward that method.
Community Development, Public Affairs and that end will form the basis of The new CES Sample Design
Strategic Planning Division. Its purpose is to the following discussion. is a stratified, simple random
regularly provide users with a comprehensive
source for the most current, up-to-date data In June of 1995, the BLS sample, where the strata, or sub-
available on the workforce and economy of the began a comprehensive sample populations, are defined by state,
state, within perspectives of the region and redesign of its monthly payroll industry, and employment size.
nation. survey. Three goals of the rede- The sampling rates for each
The views expressed by authors are theirs sign are: development of a prob- stratum are determined through
alone and do not necessarily reflect those of
the Departments of Labor or Economic and
ability-based sample design to a method known as optimum
Community Development. replace the current quota sample allocation, which distributes a
To receive this publication free of charge write along with improved estimators; fixed number of sample units
to: The Connecticut Economic Digest , improved techniques for estimat- across a set of strata to minimize
Connecticut Department of Labor, Office of ing employment change from the overall variance, or sampling
Research, 200 Folly Brook Boulevard,
business births and deaths; and error, on the primary estimate of
Wethersfield, CT 06109-1114; or call: (860)
263-6275. Current subscribers who do not wish improved sample solicitation interest. The total nonfarm
to continue receiving the publication or who procedures designed to achieve employment level is the primary
have a change of address are asked to fill out higher response rates than estimate of interest, and the new
the information on the back cover and return it
to the above address.
historically experienced. The design gives top priority to mea-
initial research phase for the suring it as precisely as possible;
Contributing DOL Staff: Salvatore DiPillo,
Lincoln S. Dyer, Arthur Famiglietti, Noreen CES sample redesign was com- in other words, minimizing the
Passardi, Joseph Slepski and Erin C. Wilkins. pleted in 1997, and the Bureau statistical error around the
Managing Editor: Jungmin Charles Joo. launched a production test of the statewide total nonfarm employ-
Contr
Contribib uting DECD Staff: Todd Bentsen,
ibuting
new sample design at that time. ment estimates.
Kolie Chang, Robert Damroth and Mark
Prisloe. We would also like to thank our The implementation phase Total sample sizes for the
associates at the Connecticut Center for began in June 2000 when the states are to remain at current
Economic Analysis, University of Connecticut, first national estimates from the levels, i.e., not to change in
for their contributions to the Digest.
new design for the wholesale quantity of respondents from the
trade industry were published old quota sample to the new.
Connecticut with the 1999 benchmark. The Therefore optimum allocation is
Department of Labor remaining industry divisions will achieved for a set sample size
be phased in with subsequent using a program which seeks to
James P. Butler, Commissioner
Jean E. Zurbrigen, Deputy Commissioner
years’ benchmark releases, optimally select a sample by
Susan G. Townsley, Deputy Commissioner between 2001 and 2003. (See drawing it across a state’s indus-
table below.) In Connecticut the try and employment size makeup.
Roger F. Therrien, Director
Office of Research
first estimates based on the new This achieves an optimum alloca-
200 Folly Brook Boulevard sample design will commence in tion for the sample size that has
Wethersfield, CT 06109-1114 February 2001. Estimates will be been chosen, not the optimum
Phone: (860) 263-6275
Fax: (860) 263-6263
produced for wholesale trade at (Continued on page 4)
E-Mail: dol.econdigest@po.state.ct.us
●
2 THE CONNECTICUT ECONOMIC DIGEST December 2000
New Additions to the Connecticut Department of Industry Clusters
Labor’s Labor Market Information Web Site
State Acclaimed
The Connecticut Department of Labor’s Labor Market Information Web
site, at www.ctdol.state.ct.us/lmi, is maintained by the Office of Research
and provides convenient access to reports and publications. The latest T hree recent indicators
demonstrate Connecticut
additions in Adobe Acrobat (.pdf) format include: continues to stay in the fore-
front nationally. The highest
Business and Emplo yment Changes Announced in the Media
Employment Media, which average annual pay in the
lists start-ups, expansions, staff reductions, and layoffs reported by the nation, improved income distri-
media, both current and future. This report provides the company name, bution, and strongly competi-
the number of workers involved, date of the action, the principal product tive existing businesses earned
or service of the company, a brief synopsis of the action, and the source Connecticut “Honor Roll” status
and date of the media article. in the 2000 Development Report
Connecticut Labor MarMarkk et Infor
Infor mation At-A-Glance
ormation At-A-Glance,, a monthly tri- Card for the States by the non-
fold report, provides a variety of labor market information. This quick profit Corporation for Enter-
reference includes area unemployment rates, Connecticut’s 1989-2000 prise Development (CFED). In
job loss and recovery, consumer price index, hours and earnings of one of the most broad-based
manufacturing production workers, labor force data, nonfarm employ- ratings of the 50 states, with
ment, population projections, and unemployment insurance data. more than 70 indicators, Con-
Occupational Emplo yment & Wages provides employment and wage
Employment necticut made “Honor Roll”
data including entry-level, mid-range, average hourly and annual wages (scoring an A or B in each
by occupation. The publication is based on the results of the Occupa- index) by earning an “A” in
tional Employment Statistics (OES) survey. The OES survey is an Performance, a “B” in Business
annual mail survey measuring occupational employment and wage rates Vitality, and an “A” in
for workers in nonfarm establishments, by industry. The survey relies on Development Capacity.
a sample of approximately 21,000 Connecticut employers whose volun-
tary participation makes these publications possible. The Office of The Milken Institute, a Santa
Research provides both Statewide and Labor Market Area publications. Monica based research center,
ranked Connecticut the third
best state in the nation for
growth opportunities in the
“new economy.” Massachusetts,
California, Connecticut, Colo-
rado and Washington were the
HOUSING UPDATE five top-ranking states based
upon 12 criteria critical to
future high-tech growth, includ-
New Permits Up 3.9% From A Year Ago ing research and development
ommissioner James F. 2000. The year-to-date permits dollars, advanced degrees,
C Abromaitis of the Connecti-
cut Department of Economic and
are down 14.0 percent, from 9,123
through October 1999, to 7,850
patents, venture capital invest-
ment, business starts, and
Community Development an- through October 2000. initial public offerings.
nounced that Connecticut com-
munities authorized 776 new Fairfield County documented the Connecticut also received the
housing units in October 2000, a largest number of new, authorized 2000 National Alliance of
3.9 percent increase compared to units in October with 165. New Business Distinguished Perfor-
October of 1999 when 747 units Haven County followed with 162 mance Award for “State of the
were authorized. units and Hartford County had Year.” Governor Rowland ac-
145 units. Danbury led all Con- cepted the award at a ceremony
The Department further indicated necticut communities with 50 in Washington, D.C. October
that the 776 units permitted in units, followed by Wallingford with 31st. Connecticut was recog-
October 2000 represent an in- 23 and Berlin and Tolland tied nized for its innovative efforts to
crease of 3.3 percent from the 751 with 18. n raise student achievement and
units permitted in September improve workforce quality. n
For mor
moree infor mation on housing per
information mits, see tables on pages 21-22.
permits,
●
4 THE CONNECTICUT ECONOMIC DIGEST December 2000
LEADING AND COINCIDENT INDICATORS
LEADING INDEX COINCIDENT INDEX
105 120
Peak
100 02/89
100
95
80
Peak Trough
03/80 06/92
90
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.
●
6 THE CONNECTICUT ECONOMIC DIGEST December 2000
ECONOMIC INDICATORS
Construction contracts soared
BUSINESS ACTIVITY
ACTIVITY
42.6 percent from September
Y/Y % YEAR TO DATE %
MONTH LEVEL CHG CURRENT PRIOR CHG a year ago.
New Housing Permits OCT 2000 776 3.9 7,850 9,123 -14.0
Electricity Sales (mil kWh) AUG 2000 2,687 -0.6 20,134 20,188 -0.3
Retail Sales (Bil. $) AUG 2000 3.11 7.6 26.36 24.51 7.5
Construction Contracts
Index (1980=100) SEP 2000 425.7 42.6 --- --- ---
New Auto Registrations OCT 2000 21,841 5.4 215,154 193,712 11.1
Air Cargo Tons SEP 2000 9,838 -29.2 99,548 107,687 -7.6
Sources: Department of Economic and Community Development; U.S. Department of Energy, Energy Information
Administration; Connecticut Department of Revenue Services; F.W. Dodge; Connecticut Department of
Motor Vehicles; Connecticut Department of Transportation, Bureau of Aviation and Ports
B USINESS STAR
STARTS AND TERMINA
ARTS TIONS
TERMINATIONS Net business formation as
measured by starts minus
OCT % CHANGE YEAR TO DATE %
2000 M/M Y/Y CURRENT PRIOR CHG stops registered with the
STARTS Secretary of the State was up
Secretary of the State 1,836 7.2 0.3 19,881 17,986 10.5 9.2 percent to 15,988 for the
Department of Labor 703 -19.5 -0.4 9,039 8,901 1.6 year to date.
TERMINATIONS
Secretary of the State 460 18.6 22.0 3,893 3,342 16.5
Department of Labor 1,402 143.0 11.4 10,305 10,488 -1.7
Sources: Connecticut Secretary of the State -- corporations and other legal entities
Connecticut Department of Labor -- unemployment insurance program registrations
●
8 THE CONNECTICUT ECONOMIC DIGEST December 2000
COMPARATIVE REGIONAL DATA
All states in the region
NONFARM EMPLO
NONFARM YMENT
EMPLOYMENT
experienced job gains
OCT OCT CHANGE SEP
(Seasonally adjusted; 000s) 2000 1999 NO. % 2000 over the year.
Connecticut 1,698.4 1,674.7 23.7 1.4 1,697.4
Maine 596.3 590.2 6.1 1.0 595.2
Massachusetts 3,307.2 3,255.6 51.6 1.6 3,302.6
New Hampshire 611.7 606.6 5.1 0.8 613.3
New Jersey 3,943.9 3,884.6 59.3 1.5 3,936.4
New York 8,662.9 8,496.0 166.9 2.0 8,649.9
Pennsylvania 5,605.7 5,583.0 22.7 0.4 5,602.9
Rhode Island 472.3 467.7 4.6 1.0 473.1
Vermont 296.6 291.0 5.6 1.9 296.6
United States 131,860.0 129,523.0 2,337.0 1.8 131,723.0
Source: U.S. Department of Labor, Bureau of Labor Statistics
1,660
May 1,639.5 1,668.8 1,694.5
1,620 Jun 1,642.3 1,670.7 1,696.4
Jul 1,644.7 1,675.2 1,696.2
1,580
Aug 1,648.6 1,676.2 1,696.6
1,540 Sep 1,645.1 1,674.3 1,697.4
Oct 1,649.8 1,674.7 1,698.4
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 1,708.8
1,750 Jun 1,697.7 1,690.3 1,704.7
Jul 1,697.1 1,689.7 1,703.3
1,700
Aug 1,696.8 1,688.9 1,710.9
1,650 Sep 1,699.3 1,690.2 1,710.0
Oct 1,693.6 1,694.2 1,702.9
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 3,276
Jun 3,884 3,800 3,639
5,000
Jul 3,828 3,561 3,152
4,000 Aug 4,069 3,688 3,608
3,000 Sep 4,946 3,836 3,242
Oct 3,594 3,460 3,427
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
●
10 THE CONNECTICUT ECONOMIC DIGEST December 2000
ECONOMIC INDICATOR TRENDS
REAL AVG MANUFACTURING HOURLY EARNINGS (Not seasonally adjusted) Month 1998 1999 2000
Jan $9.27 $9.34 $9.48
9.6
Feb 9.26 9.32 9.41
9.4 Mar 9.29 9.34 9.32
1982-84 Dollars
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 42.5
42 May 42.9 42.6 42.1
Jun 42.9 42.5 42.1
41
Jul 42.3 42.0 41.9
40 Aug 42.1 42.2 41.9
39 Sep 42.0 41.9 42.5
Oct 42.8 42.6 42.5
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 34
60 Jun 39 35 33
Jul 36 31 30
40
Aug 35 31 29
20 Sep 32 30 28
Oct 33 33 30
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 861 843 847
800 Jun 836 861 841
Jul 849 854 863
700
Aug 841 856 865
600 Sep 838 861 869
Oct 845 860 883
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
●
12 THE CONNECTICUT ECONOMIC DIGEST December 2000
ECONOMIC INDICATOR TRENDS
NEW AUTO REGISTRATIONS PROCESSED (Not seasonally adjusted) Month 1998 1999 2000
30,000 Jan 20,753 24,372 20,875
Feb 12,604 16,524 21,245
25,000 Mar 16,313 23,425 27,856
Apr 23,500 18,173 14,285
20,000
May 17,300 20,089 19,956
15,000 Jun 19,813 20,254 23,356
Jul 12,812 16,596 20,707
10,000
Aug 14,992 16,219 22,249
5,000 Sep 24,688 17,331 22,784
Oct 14,106 20,729 21,841
0
Nov 15,806 20,666
86 87 88 89 90 91 92 93 94 95 96 97 98 99 00
Dec 19,373 14,517
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 1,051 886 863
2,000 Jun 1,203 1,230 844
1,500 Jul 1,297 977 898
1,000 Aug 976 991 777
500 Sep 984 894 751
0 Oct 1,025 747 776
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 265.7 258.3 308.6
360
Feb 270.5 254.3 302.4
Mar 268.8 255.5 336.6
310 Apr 276.3 262.7 341.3
1980=100
2,500
Mar 2,357 2,432 2,502
2,400 Apr 2,364 2,438 2,502
2,300 May 2,365 2,438 2,503
2,200 Jun 2,376 2,436 2,510
2,100 Jul 2,379 2,450 2,506
2,000 Aug 2,384 2,476 2,473
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.
●
14 THE CONNECTICUT ECONOMIC DIGEST December 2000
NONFARM EMPLOYMENT ESTIMATES
BRIDGEPORT LMA Not Seasonally Adjusted
OCT OCT CHANGE SEP
2000 1999 NO. % 2000
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
OCT OCT CHANGE SEP
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.
●
16 THE CONNECTICUT ECONOMIC DIGEST December 2000
NONFARM EMPLOYMENT ESTIMATES
LOWER RIVER LMA Not Seasonally Adjusted
OCT OCT CHANGE SEP
2000 1999 NO. % 2000
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
OCT OCT CHANGE SEP
2000 1999 NO. % 2000
●
18 THE CONNECTICUT ECONOMIC DIGEST December 2000
NONFARM EMPLOYMENT ESTIMATES
TORRINGTON LMA
ORRINGTON Not Seasonally Adjusted
OCT OCT CHANGE SEP
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
OCT OCT CHANGE SEP
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 215,900 214,400 1,500 0.7 215,000
Employed 210,900 206,300 4,600 2.2 210,200
Unemployed 5,000 8,100 -3,100 -38.3 4,800
Unemployment Rate 2.3 3.8 -1.5 --- 2.2
DANBURY LMA Civilian Labor Force 109,400 108,500 900 0.8 108,300
Employed 107,900 106,300 1,600 1.5 106,900
Unemployed 1,400 2,200 -800 -36.4 1,300
Unemployment Rate 1.3 2.0 -0.7 --- 1.2
DANIELSON LMA Civilian Labor Force 33,000 32,800 200 0.6 32,900
Employed 32,200 31,700 500 1.6 32,100
Unemployed 900 1,100 -200 -18.2 800
Unemployment Rate 2.6 3.5 -0.9 --- 2.4
HARTFORD LMA Civilian Labor Force 576,600 577,000 -400 -0.1 572,900
Employed 564,800 558,700 6,100 1.1 561,500
Unemployed 11,800 18,300 -6,500 -35.5 11,400
Unemployment Rate 2.0 3.2 -1.2 --- 2.0
LOWER RIVER LMA Civilian Labor Force 12,500 12,400 100 0.8 12,400
Employed 12,300 12,100 200 1.7 12,300
Unemployed 200 300 -100 -33.3 200
Unemployment Rate 1.3 2.3 -1.0 --- 1.2
NEW HAVEN LMA Civilian Labor Force 273,500 273,400 100 0.0 271,500
Employed 267,800 265,100 2,700 1.0 266,000
Unemployed 5,800 8,300 -2,500 -30.1 5,500
Unemployment Rate 2.1 3.0 -0.9 --- 2.0
NEW LONDON LMA Civilian Labor Force 151,500 150,700 800 0.5 152,000
Employed 148,500 145,800 2,700 1.9 149,000
Unemployed 3,000 4,900 -1,900 -38.8 2,900
Unemployment Rate 2.0 3.3 -1.3 --- 1.9
STAMFORD LMA Civilian Labor Force 194,100 193,000 1,100 0.6 194,700
Employed 191,700 188,900 2,800 1.5 192,400
Unemployed 2,400 4,100 -1,700 -41.5 2,300
Unemployment Rate 1.2 2.1 -0.9 --- 1.2
TORRINGTON LMA Civilian Labor Force 39,600 39,300 300 0.8 39,600
Employed 39,100 38,500 600 1.6 39,100
Unemployed 500 800 -300 -37.5 500
Unemployment Rate 1.3 2.1 -0.8 --- 1.2
WATERBURY LMA Civilian Labor Force 116,700 114,900 1,800 1.6 115,200
Employed 113,900 110,900 3,000 2.7 112,600
Unemployed 2,800 4,000 -1,200 -30.0 2,600
Unemployment Rate 2.4 3.5 -1.1 --- 2.3
UNITED STATES Civilian Labor Force 140,893,000 139,761,000 1,132,000 0.8 140,357,000
Employed 135,771,000 134,390,000 1,381,000 1.0 135,033,000
Unemployed 5,122,000 5,372,000 -250,000 -4.7 5,324,000
Unemployment Rate 3.6 3.8 -0.2 --- 3.8
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 1999.
●
20 THE CONNECTICUT ECONOMIC DIGEST December 2000
MANUFACTURING HOURS AND EARNINGS
CONNECTICUT AVG WEEKLY EARNINGS AVG WEEKLY HOURS AVG HOURLY EARNINGS
OCT CHG SEP OCT CHG SEP OCT CHG SEP
(Not seasonally adjusted) 2000 1999 Y/Y 2000 2000 1999 Y/Y 2000 2000 1999 Y/Y 2000
MANUFACTURING $668.95 $664.99 $3.96 $667.25 42.5 42.6 -0.1 42.5 $15.74 $15.61 $0.13 $15.70
DURABLE GOODS 685.97 686.88 -0.91 683.09 42.9 43.2 -0.3 42.8 15.99 15.90 0.09 15.96
Lumber & Furniture 523.30 508.78 14.52 520.83 41.4 40.8 0.6 41.7 12.64 12.47 0.17 12.49
Stone, Clay and Glass 662.03 623.97 38.06 669.14 45.5 46.6 -1.1 45.8 14.55 13.39 1.16 14.61
Primary Metals 679.70 673.43 6.27 668.16 44.6 43.9 0.7 43.5 15.24 15.34 -0.10 15.36
Fabricated Metals 624.02 609.76 14.26 623.34 42.8 42.7 0.1 42.9 14.58 14.28 0.30 14.53
Machinery 712.37 709.25 3.12 710.12 43.2 43.7 -0.5 43.3 16.49 16.23 0.26 16.40
Electrical Equipment 567.01 541.27 25.74 565.04 41.6 41.7 -0.1 41.7 13.63 12.98 0.65 13.55
Trans. Equipment 890.12 914.56 -24.44 887.04 44.0 44.7 -0.7 44.0 20.23 20.46 -0.23 20.16
Instruments 600.28 618.83 -18.55 594.46 41.2 41.7 -0.5 40.8 14.57 14.84 -0.27 14.57
Miscellaneous Mfg 669.98 667.95 2.03 670.54 41.9 43.6 -1.7 41.7 15.99 15.32 0.67 16.08
NONDUR. GOODS 627.07 613.06 14.01 627.59 41.5 41.2 0.3 41.7 15.11 14.88 0.23 15.05
Food 537.20 538.80 -1.60 537.11 42.5 41.8 0.7 42.9 12.64 12.89 -0.25 12.52
Textiles 540.91 526.25 14.66 535.00 43.1 42.1 1.0 42.8 12.55 12.50 0.05 12.50
Apparel 375.74 361.90 13.84 362.69 40.1 40.8 -0.7 39.9 9.37 8.87 0.50 9.09
Paper 739.56 716.18 23.38 741.30 43.3 43.3 0.0 43.3 17.08 16.54 0.54 17.12
Printing & Publishing 633.58 624.00 9.58 641.95 39.5 39.0 0.5 39.7 16.04 16.00 0.04 16.17
Chemicals 790.50 739.54 50.96 782.39 42.5 41.2 1.3 42.2 18.60 17.95 0.65 18.54
Rubber & Misc. Plast. 549.83 539.64 10.19 545.69 42.1 41.8 0.3 42.9 13.06 12.91 0.15 12.72
CONSTRUCTION 888.22 863.93 24.29 873.53 40.8 42.6 -1.8 40.8 21.77 20.28 1.49 21.41
LMAs AVG WEEKLY EARNINGS AVG WEEKLY HOURS AVG HOURLY EARNINGS
OCT CHG SEP OCT CHG SEP OCT CHG SEP
MANUFACTURING 2000 1999 Y/Y 2000 2000 1999 Y/Y 2000 2000 1999 Y/Y 2000
Bridgeport $637.70 $662.50 -$24.80 $648.00 40.8 41.2 -0.4 41.3 $15.63 $16.08 -$0.45 $15.69
Danbury 670.95 631.06 39.89 656.86 42.6 41.3 1.3 41.6 15.75 15.28 0.47 15.79
Danielson 518.32 532.06 -13.74 512.82 41.3 41.6 -0.3 42.0 12.55 12.79 -0.24 12.21
Hartford 728.20 710.46 17.74 739.02 44.0 43.4 0.6 44.2 16.55 16.37 0.18 16.72
Lower River 553.60 524.89 28.71 550.00 40.0 39.2 0.8 40.0 13.84 13.39 0.45 13.75
New Haven 660.73 634.30 26.43 665.84 42.6 42.4 0.2 42.6 15.51 14.96 0.55 15.63
New London 717.72 686.94 30.78 701.36 42.9 42.8 0.1 42.2 16.73 16.05 0.68 16.62
Stamford 522.29 551.89 -29.60 516.93 39.9 40.7 -0.8 39.4 13.09 13.56 -0.47 13.12
Torrington 556.59 592.47 -35.88 597.32 40.1 41.9 -1.8 41.8 13.88 14.14 -0.26 14.29
Waterbury 638.31 639.04 -0.73 639.89 43.9 43.8 0.1 44.1 14.54 14.59 -0.05 14.51
Current month’s data are preliminary. Prior months’ data have been revised. All data are benchmarked to March 1999.
●
22 THE CONNECTICUT ECONOMIC DIGEST December 2000
TECHNICAL NOTES
BUSINESS ST AR TS AND TERMINA
STAR TIONS
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.
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 .......... +1.1 Business Activity Tour ism and Travel
ourism
Coincident Employment Index ..... +6.0 New Housing Permits ..................... +3.9 Tourism Inquiries ............................. -8.6
Electricity Sales ............................... -0.6 Tourism Info Centers .................... +13.2
Total Nonfar
Nonfar
armm Employment .......... +1.4
Employment Retail Sales .................................... +7.6 Attraction Visitors ............................. -7.7
Construction Contracts Index ....... +42.6 Hotel-Motel Occupancy .................. -0.5*
Unemployment ............................ -1.1* New Auto Registrations .................. +5.4 Air Passenger Count .................... +20.3
Labor Force .................................... +0.5 Air Cargo Tons ............................... -29.2 Indian Gaming Slots ....................... +2.2
Employed ....................................... +1.7
Unemployed .................................. -35.6 Business Starts Employment Cost Index (U.S.)
Secretary of the State ..................... +0.3 Total ................................................ +4.6
Aver age Weekly Initial Claims ....... -1.0
erage Dept. of Labor ................................. -0.4 Wages & Salaries ........................... +4.1
Help Wanted Inde x -- Har
Index tf
Hartf ord ....... -9.1
tford Benefit Costs .................................. +6.0
Aver age Ins
erage Ins.. Unempl. Rate ........ -0.27* Business Ter minations
erminations
Secretary of the State ................... +22.0 Consumer Price Index
Aver age Weekly Hours
erage Hours,, Mfg .......... -0.2 Dept. of Labor .............................. +11.4 U.S. City Average ........................... +3.4
Aver age Hour
erage ly Ear
Hourly nings
nings,, Mfg ...... +0.8
Earnings Northeast Region ........................... +3.2
Aver age Weekly Ear
erage nings
nings,, Mfg ..... +0.6
Earnings NY-NJ-Long Island ......................... +3.2
CT Mfg. Production Index .............. -1.6 State Revenues ............................ +9.4 Boston-Brockton-Nashua ............... +4.2
Production Worker Hours ................ -0.7 Corporate Tax .................................. +7.6 Consumer Confidence
Industrial Electricity Sales ................ -6.4 Personal Income Tax ....................... +9.0 U.S. ................................................ +3.6
Real Estate Conveyance Tax ........... -2.2 New England .................................. +6.2
Personal Income .......................... +4.7 Sales & Use Tax .............................. +6.9
UI Covered Wages ........................ +8.3
Cov Indian Gaming Payments ................ +2.1 Interest Rates
Prime ........................................... +1.25*
*Percentage point change; **Less than 0.05 percent; NA = Not Available Conventional Mortgage ................ -0.05*
THE CONNECTICUT
We w ould appreciate yyour
would our input:
ECONOMIC DIGEST o What article topics would you like to see covered in the future issues?
A joint publication of o What additional data would you like to see included in the Digest?
The Connecticut Departments of Labor and
Economic and Community Development Please send your comments, questions, and suggestions regarding the
Digest to dol.econdigest@po.state.ct.us. Thank you!
Mailing address:
Connecticut Economic Digest ❑ If you wish to have your name removed from our mailing list, please
check here and return this page to the address at left.
Connecticut Department of Labor
Office of Research ❑ If your address has changed, please check here, make the necessary
200 Folly Brook Boulevard changes to your address label and return this page to the address at left.
Wethersfield, CT 06109-1114 ❑ If you receive more than one copy of this publication, please check here
and return this page from the duplicate copy to the address at left.
The Connecticut Economic Digest
is available on the internet at:
http://www .ctdol.state
http://www.ctdol.state .ct.us/lmi
.ctdol.state.ct.us/lmi First Class Mail
or U.S. Postage
http://www .state
http://www.state .ct.us/ecd/research
.state.ct.us/ecd/research
PAID
PERMIT # 5
BLOOMFIELD, CT