Just for clarity, the threads do not seal in that joint, so adding "teflon" tape or sealant to them is pointless. The seal is supposed to be between the compression sleeve (or gland if you prefer), the pipe and the pump body. So if you are going to try adding sealer or tape, it only makes sense to do it around the sleeve rather than on the threads.
The pump also holds pressure (or should) after the engine is stopped, so it can go on leaking until that pressure is bled off. Fortunately that is only an ounce or two, but it looks like a lot.
And yes, the outlet fitting is more to the right and top in your photo. The fitting to the left and bottom is the inlet fitting, which is much less troublesome.