Business Employment Dynamics (BED)
Components of private sector gross job gains and job losses, seasonally adjusted
Idaho’s Business Employment Dynamics (BED): third quarter 2023
Gross job losses exceeded gross job gains and yielded a net employment loss of 6,417 jobs in Idaho during the third quarter of 2023, according to preliminary Business Employment Dynamics data released by the Idaho Department of Labor and the U.S. Department of Labor.
New establishments and existing business expansions made up 51,518 gross job gains in the private sector from June to September 2023, down 4,696 jobs from the previous quarter. Gross job losses over the same timeframe from contracting and closing private sector establishments totaled 57,935; an increase of 4,712 job losses from the prior quarter.
Idaho experienced a net establishment decrease of 1,629 during this same period.
For more information visit https://www.bls.gov/bdm/bdmstate.htm.
5/31/24
What is the Business Employment Dynamics program?
The Business Employment Dynamics (BED) data are a product of a federal-state cooperative program known as Quarterly Census of Employment and Wages (QCEW).
BED data measure the net change in employment from 1992 forward. The data highlights the number and rates of gross jobs gained at opening and expanding establishments, as well as the number and rates of gross jobs lost by closing and contracting establishments.
For additional information about BED data click here.