From September to December 2024, Connecticut’s private sector experienced a net loss of 1,524 jobs, according to data released by the U.S. Bureau of Labor Statistics (BLS). Gross job losses from closing and contracting establishments totaled 81,141, while gross job gains from opening and expanding businesses reached 79,617 during the fourth quarter.
Acting Regional Commissioner Mark J. Maggi stated, “The difference between the number of gross job gains and the number of gross job losses yielded a net employment loss of 1,524 jobs in the private sector during the fourth quarter of 2024.”
In comparison with national figures, Connecticut’s gross job losses represented 5.6 percent of private-sector employment; nationally this figure was slightly higher at 5.7 percent. Gross job gains accounted for 5.5 percent in Connecticut compared to a national rate of 5.8 percent.
Contracting establishments in Connecticut lost 62,139 jobs in the period, which was a decrease from the previous quarter. However, closing establishments saw an increase in losses with 19,002 jobs lost. Expanding businesses added 65,069 jobs—an increase over the prior quarter—while new openings contributed another 14,548 jobs but this figure marked a decrease compared to earlier months.
Across industry sectors within Connecticut during this time frame, six out of ten reported more job losses than gains. The professional and business services sector experienced the largest net decline with a loss of 3,684 positions resulting from higher gross job losses relative to gains. In contrast, leisure and hospitality posted a net gain of 2,032 jobs—the highest among all sectors evaluated.
The BLS compiles Business Employment Dynamics (BED) data through its Quarterly Census of Employment and Wages program—a federal-state cooperative effort—and provides state-level as well as industry-specific insights into labor market trends across all states and territories.
The next BED report covering first quarter results for 2025 is scheduled for release on October 29, 2025.
Individuals seeking additional information or accessibility accommodations can contact BLS by phone or Telecommunications Relay Service as noted in their public release materials.
