Issue link: https://nebusinessmedia.uberflip.com/i/1136344
22 n e w h a v e n B I Z | J u l y / A u g u s t 2 0 1 9 | n e w h a v e n b i z . c o m MARKET INTELLIGENCE REPORT | ECONOMY Source: U.S. Department of Labor Average annual compensation of hourly and salaried employees at all levels of organization Private EARNINGS by industry, South-Central Connecticut Manufacturing $61,539 $61,280 $64,052 $65,991 $67,360 $69,190 $64,174 $63,868 $64,959 $68,398 11.1% Construction $58,496 $57,876 $59,085 $58,087 $59,103 $59,906 $61,256 $63,941 $66,935 $67,657 15.7% Retail trade $27,496 $27,261 $27,518 $27,647 $28,037 $28,133 $28,823 $29,888 $30,357 $30,802 12.0% Finance services $70,622 $70,830 $74,096 $77,357 $77,070 $76,900 $79,429 $83,721 $87,573 $87,007 23.2% Professional/business services $79,345 $79,180 $81,204 $81,986 $84,436 $83,567 $90,998 $94,062 $94,707 $93,976 18.4% Education $61,030 $64,054 $64,964 $66,055 $69,469 $72,524 $75,227 $77,209 $76,924 $81,683 33.8% Health and social services $45,467 $45,921 $47,014 $47,156 $47,740 $47,714 $48,998 $49,063 $49,848 $50,655 11.4% Leisure and hospitality $19,675 $19,369 $19,484 $20,025 $20,367 $19,753 $20,220 $21,341 $21,337 $23,933 21.6% % change AVERAGE ANNUAL PAY 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2008-2017 New Haven County Manufacturing $87,793 $86,710 $90,352 $96,639 $99,202 $103,678 $105,214 $101,917 $95,737 $93,817 6.9% Construction N/A $57,947 $58,188 $58,349 $59,409 $60,095 $61,601 $64,473 $65,748 $68,354 8.2% Retail trade $36,138 $37,309 $37,810 $38,397 $38,949 $39,416 $39,392 $40,189 $40,193 $39,970 10.6% Finance services $247,962 $219,931 $246,923 $260,808 $253,854 $240,121 $258,977 $260,409 $262,301 $266,355 7.4% Professional/business services $99,802 $98,912 $103,984 $105,339 $108,999 $110,036 $113,215 $117,527 $119,404 $125,214 25.5% Education $43,248 $46,154 $46,899 $46,704 $47,775 $49,117 $49,855 $51,413 $52,006 $52,025 20.3% Health and social services $50,538 $51,315 $51,234 $51,644 $52,559 $52,171 $53,267 $54,604 $55,657 $56,142 11.1% Leisure and hospitality $40,127 $34,256 $33,921 $33,589 $33,059 $33,225 $34,009 $35,332 $35,132 $35,278 -12.1% % change AVERAGE ANNUAL PAY 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2008-2017 Fairfield County Manufacturing $68,006 $65,441 $68,208 $71,150 $72,927 $76,015 $77,029 $77,096 $78,615 $83,046 22.1% Construction $52,286 $51,978 $59,030 $58,119 $55,855 $55,414 $56,131 $61,639 $63,440 N/A N/A Retail trade $27,767 $27,766 $27,710 $27,450 $27,550 $28,324 $29,282 $30,509 $30,956 $31,228 12.5% Finance services $78,036 $80,326 $73,336 $75,640 $78,634 $81,103 $83,397 $88,834 $92,878 $96,379 23.5% Professional/business services $66,962 $65,294 $66,908 $69,807 $69,187 $75,907 $74,436 $75,862 $77,426 $78,676 17.5% Education $56,979 $56,531 $53,640 $52,152 $53,149 $56,503 $58,345 $61,959 $63,624 $65,764 15.4% Health and social services $43,804 $43,756 $44,594 $44,767 $45,449 $45,255 $46,383 $47,483 $48,483 $49,316 12.6% Leisure and hospitality $28,932 $28,209 $30,098 $31,399 $29,933 $31,621 $31,227 $31,568 $33,620 $31,295 8.2% % change AVERAGE ANNUAL PAY 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2008-2017 Middlesex County Manufacturing $70,574 $70,227 $73,410 $77,228 $78,976 $81,620 $81,393 $80,555 $79,462 $81,864 16.0% Construction $57,937 $57,752 $58,567 $58,311 $59,253 $59,387 $61,052 $64,244 $66,553 $68,641 18.5% Retail trade $30,294 $30,543 $30,815 $31,121 $31,463 $31,508 $32,051 $32,968 $33,228 $33,500 10.6% Finance services $142,085 $130,802 $144,683 $154,171 $155,492 $151,709 $161,078 $165,548 $165,271 $168,734 18.8% Professional/business services $85,566 $85,437 $88,378 $89,807 $91,843 $92,743 $95,945 $99,122 $101,263 $103,550 21.0% Education $50,599 $52,926 $53,515 $54,053 $56,469 $58,658 $60,616 $62,599 $62,762 $64,917 28.3% Health and social services $46,109 $46,725 $47,269 $47,736 $48,628 $48,774 $50,051 $50,406 $51,051 $51,633 12.0% Leisure and hospitality $28,970 $26,492 $26,144 $26,211 $26,294 $26,152 $27,019 $27,968 $28,179 $28,604 -1.3% % change AVERAGE ANNUAL PAY 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2008-2017 Connecticut statewide