Business Employment Dynamics (BED)
BED data is a product of a federal-state cooperative program known as the 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, see the U.S. Bureau of Labor Statistics BED program or create your own customized BED tables.
Idaho’s BED: First quarter 2024
Gross job losses exceeded gross job gains and yielded a net employment loss of 3,534 jobs in Idaho during the first quarter of 2024, according to preliminary BED data released by the Idaho Department of Labor and the U.S. Department of Labor.
New establishments and existing business expansions made up 57,320 gross job gains in the private sector from December 2023 to March 2024, down 3,856 jobs from the previous quarter. Gross job losses over the same timeframe from contracting and closing private sector establishments totaled 60,854; an increase of 19,151 job losses from the prior quarter.
Idaho experienced a net establishment decrease of 4,366 during this same period.
For more information visit bls.gov/bdm/bdmstate.htm.
11/29/24