Business Employment Dynamics (BED)
Components of private sector gross job gains and job losses, seasonally adjusted
Idaho’s Business Employment Dynamics (BED): second quarter 2023
Gross job gains exceeded gross job losses and yielded a net employment gain of 2,991 jobs in Idaho during the second 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 56,214 gross job gains from March to June 2023, down 327 jobs from the previous quarter. Gross job losses over the same timeframe from contracting and closing private sector establishments totaled 53,223; an increase of 174 job losses from the prior quarter.
Idaho experienced a net establishment increase of 2,159 during the same period.
For more information visit https://www.bls.gov/bdm/bdmstate.htm.
2/28/24
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 & 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.