Working in Connecticut

Working in Connecticut

Connecticut, also known as the Constitution State, is considered part of the commercial Tri-State area which includes New York and New Jersey. Most financial analysts consider Connecticut's three southwestern counties part of the New York metropolitan area.

For May, 2012, the Connecticut's unemployment rate was approximately 7.4% compared with the United States average at 8.1%. The average private sector wage is roughly $60,000 annually. The annual salary for government employees averages about $54,000.

Labor market trends are showing consistent improvement with the global economic horizon steadily brightening from the low point of the 2008-2010 recessionary period. More and more of Connecticut's displaced workers are coming back in to an employment scenario with advertised career opportunities increasing monthly.

Connecticut has regained almost one-third of the jobs lost during the recession. The private sector has regained 40% of its job force while the government continues to experience losses.

Advertised openings for cashiers, retail salespersons, and waitpersons are consistently the greatest. Annual salaries for those jobs averaged in the low $20s.

The fastest expanding occupations through 2018 are to be in health care. The need for personal and home health care aides is projected to increase by 44%. Enactment of the Affordable Care Act is gradually changing the way patients are receiving care.

By promoting wellness and prevention, the fitness and home health industry will see a projected 25% increase in demand for workers. Additionally, the incorporation of medical care provision and treatment options from facilities into the home is moving at a swift pace.

Over the next five years, the need for visiting physical and occupational therapists, home medical equipment technicians and registered nurses will see a dramatic uptick. Those occupations are anticipating percentage inclines in the double-digits.

Connecticut is the aircraft manufacturing center of the U.S. Helicopters, aircraft parts, and other aeronautical and heavy machinery are the state's leading industrial output.

As the federal government continues to trim its human resources, postal workers will see the worst decline through 2018. Consistent with national postal service cut forecasts, Connecticuters who are mail sorters, processors and postal machine operators will see over 36% of their jobs evaporate by 2018.

Hartford is globally renowned as the insurance capital. Major employers in the area are Travelers, MassMutual, and The Hartford. Many other large insurers, such as Aetna, CIGNA and MetLife, have moved from the city of Hartford to campuses in the outlying suburbs due to downtown's crowded infrastructure.

Except for the Hartford area, all job market regions in Connecticut saw improvement during the first half of 2012. However, Hartford, the state capital, added the most jobs for the period.

Connecticut has the highest per capita income of any state in the nation. However, there is stark disparity between the wealthiest neighborhoods and the least fortunate. Per capita incomes vary greatly with an average range of barely $20,000 to over $90,000.

Bridgeport

Bridgeport is the most populous city in Connecticut. It sits in the lower southwestern corner of the state and its economy is greatly considered part of the New York. Bridgeport has been consistently adding thousands of jobs every month as the economy improves.

It continues to be the strongest region in the state as far as job generation. Major employers in the area are St. Vincent's Medical Center Bridgeport Hospital People's United Bank, University of Bridgeport, and Bridgeport Health Care Center.

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