Job Gains & Losses

Business Employment Dynamics (BED)

Idaho Job Gains & Losses: 1Q 2022 Updated 12/16/22

Components of private sector gross job gains and job losses, seasonally adjusted

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Idaho’s Business Employment Dynamics (BED): First Quarter 2022

During the first quarter of 2022, gross job gains exceeded gross job losses and yielded a net employment gain of 16,257 jobs in Idaho, according to preliminary Business Employment Dynamics data released by the Idaho Department of Labor and the Bureau of Labor Statistics of the U.S. Department of Labor.

From December 2021 to March 2022, gross job gains from Idaho’s expanding and opening private sector establishments totaled 59,454. This amounted to an increase in jobs gained from the previous quarter of 1,502. Over this same time-period, gross job losses from contracting and closing private sector establishments totaled 43,197; this amounted to an increase from the previous quarter of 839.

During this same period, Idaho experienced a net establishment increase of 1,454.

For additional information visit https://www.bls.gov/bdm/bdmstate.htm.

Updated 12/16/2022

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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 & Wages (QCEW).

BED data measure the net change in employment from 1992 forward; highlighting 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 Business Employment Dynamics click here.

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