Business Employment Dynamics (BED)
Components of private sector gross job gains and job losses, seasonally adjusted
Idaho’s Business Employment Dynamics (BED): Fourth quarter 2023
Gross job gains exceeded gross job losses and yielded a net employment gain of 19,704 jobs in Idaho during the fourth 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 61,362 gross job gains in the private sector from September to December 2023, up 9,844 jobs from the previous quarter. Gross job losses over the same timeframe from contracting and closing private sector establishments totaled 41,658; a decrease of 16,277 job losses from the prior quarter.
Idaho experienced a net establishment increase of 5,164 during this same period.
For more information visit https://www.bls.gov/bdm/bdmstate.htm.
8/30/24
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.