Business Employment Dynamics (BED)
Components of private sector gross job gains and job losses, seasonally adjusted
Idaho’s Business Employment Dynamics (BED): Fourth Quarter 2022
During the fourth quarter of 2022, gross job gains exceeded gross job losses and yielded a net employment gain of 10,869 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 September 2022 to December 2022, gross job gains from Idaho’s expanding and opening private sector establishments totaled 58,821. This amounted to an increase in jobs gained from the previous quarter of 265. Over this same time-period, gross job losses from contracting and closing private sector establishments totaled 47,952; this amounted to a decrease from the previous quarter of 4,126.
From September 2022 to December 2022, the nation as a whole saw gross job gains of 8.0 million, a decrease of 769,000 jobs from the previous quarter, and gross job losses of 7.6 million, an increase of 133,000 jobs from the previous quarter.
The nation realized a net employment gain of 400,000 jobs in the private sector during the fourth quarter of 2022.
For additional information visit https://www.bls.gov/bdm/bdmstate.htm.
8/4/2023
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.
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