Business Employment Dynamics (BED)
Components of private sector gross job gains and job losses, seasonally adjusted
Idaho’s Business Employment Dynamics (BED): Third Quarter 2022
During the third quarter of 2022, gross job gains exceeded gross job losses and yielded a net employment loss of 6,478 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 July 2022 to September 2022, gross job gains from Idaho’s expanding and opening private sector establishments totaled 58,556. This amounted to an increase in jobs gained from the previous quarter of 9,032. Over this same time-period, gross job losses from contracting and closing private sector establishments totaled 52,078; this amounted to a decrease from the previous quarter of 11,726.
During this same period, Idaho experienced a net establishment increase of 1,395.For additional information visit https://www.bls.gov/bdm/bdmstate.htm.
5/5/2023What 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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