Connecticut: A Statistical Overview
source: U.S. Small Business Administration
Office of Advocacy 1993 Small Business Profile
source: U.S. Small Business Administration
Office of Advocacy 1993 Small Business Profile
Population
The population of Connecticut rose from 3.1 million in 1982 to
3.3
million in 1992, an increase of 4.7 percent. The U.S.
population rose by 9.1 percent during this period, from 232.0
million to 255.1 million.
Employment
Total employment in Connecticut rose from 1.56 million workers in
December 1991 to 1.66 million workers in December 1992, an
increase
of 6.3 percent. Nationally, 117.6 million workers were employed
as
of December 1992, an increase of 0.6 percent from the 116.9
million
workers employed in December 1991.
Unemployment
Total unemployment in Connecticut rose from 122,106 in December
1991 to 135,000 in December 1992, an increase of 10.6 percent.
Nationally, total unemployment rose from 8.5 million to 9.4
million
between December 1991 and December 1992, a 10.1-percent increase.
Total earned income
Total earned income for Connecticut rose from $54.4 billion in
1991
to $56.0 billion in 1992, an increase of 2.9 percent.
Nationally, total earned income increased by 4.9 percent over the
same period, from $3.1 trillion to $3.3 trillion.
Business population
There were 92,816 business establishments and 81,129 firms in
Connecticut in 1990. As of 1990, there were 5.1 million firms and
6.2 million business establishments in the nation. In addition,
as
of December 1992, there were 116,000 self-employed workers in
Connecticut, and 8.6 million self-employed workers nationwide.
Exports
Connecticut's exports rose from $5.0 billion worth of goods in
1991
to $5.3 billion in 1992, an increase of 0.7 percent.
Connecticut accounted for 1.1 percent of the value of total U.S.
exports in 1992.
Number of small business firms
Of the 81,129 business firms in Connecticut in 1990, small
businesses owned 97.9 percent. Nationally, 99.7 percent of all
business firms were owned by small businesses in 1990.
Small business share of employment
Small businesses employed 52.7 percent of Connecticut's private
nonfarm workers in 1990. Nationally, small firms employed 53.7
percent of all private nonfarm workers in 1990.
Annual payroll
The annual payroll in Connecticut rose from $18.2 billion in 1988
to $19.1 billion in 1990, a 4.9-percent increase.
Nationally, annual payroll rose by 11.6 percent, from $902.6
billion in 1988 to $1.0 trillion in 1990.
Top Five Industries in Connecticut
by Employment, 1990
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Number of Percent of
Industry Jobs Total Rank
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Health Services 151,193 10.3 1
Business Services 80,251 5.5 2
Eating and Drinking Places 77,441 5.3 3
Transportation Equipment 76,595 5.2 4
Wholesale Trade-Durable Goods 60,458 4.1 5
Total, All Industries 1,467,955 100.0
Fastest Growing Industries for Small Business in Connecticut,
1988-1990
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Small Small
Business Business Percent
Employment Employment Change,
Industry in 1988 in 1990 1988-1990
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Insurance Carriers 1,376 2,440 77.3
Social Services 22,213 26,071 17.4
Health Services 63,424 69,584 9.7
Amusement and Recreation
Services 11,923 12,878 8.0
Personal Services 15,250 16,422 7.7
Copyright 1995, 1996 Stellar Business Online