Business Employment Dynamics in Georgia — Third Quarter 2023

From June 2023 to September 2023, gross job gains from opening and expanding private-sector establishments were 254,774, while gross job losses from closing and contracting private-sector establishments in Georgia were 252,692, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Victoria G. Lee noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 2,082 jobs in the private sector during the third quarter of 2023. During the previous quarter, gross job losses exceeded gross job gains by 3,510. (See chart 1.)

Chart 1. Private-sector gross job gains and losses in Georgia, September 2018–September 2023, seasonally adjusted

View Chart Data

Chart 1. Private-sector gross job gains and losses in Georgia, September 2018–September 2023, seasonally adjusted
Period	Gross job gains	Gross job losses
Sep. 2018	252,558	231,232
Dec. 2018	236,513	219,382
Mar. 2019	259,338	218,331
Jun. 2019	239,042	246,226
Sep. 2019	238,902	230,765
Dec. 2019	252,151	215,346
Mar. 2020	223,474	244,837
Jun. 2020	198,748	552,339
Sep. 2020	330,107	229,949
Dec. 2020	288,962	192,679
Mar. 2021	256,514	215,150
Jun. 2021	263,856	236,723
Sep. 2021	284,708	235,978
Dec. 2021	309,108	216,608
Mar. 2022	309,905	234,237
Jun. 2022	274,215	250,342
Sep. 2022	291,045	241,090
Dec. 2022	272,908	243,103
Mar. 2023	257,840	240,875
Jun. 2023	265,731	269,241
Sep. 2023	254,774	252,692

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all private businesses in the economy. Business Employment Dynamics (BED) statistics track these changes in employment at private-sector establishments from the third month of one quarter to the third month of the next. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See the Business Employment Dynamics Technical Note.)

Gross job gains

In the third quarter of 2023, gross job gains represented 6.1 percent of private-sector employment in Georgia; nationally, gross job gains accounted for 5.8 percent of private-sector employment. (See chart 2.) Gross job gains are the sum of increases in employment due to expansions at existing establishments and the addition of new jobs at opening establishments. In Georgia, gross job gains at expanding establishments totaled 198,977 in the third quarter of 2023, a decrease of 7,312 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 55,797 jobs gained in the third quarter of 2023, a decrease of 3,645 jobs from the previous quarter.

View Chart Data

Chart 2. Private-sector gross job gains as a percent of employment, United States and Georgia, September 2018–September 2023, seasonally adjusted
Period	Georgia	United States
Sep. 2018	6.7	6.0
Dec. 2018	6.2	6.2
Mar. 2019	6.7	6.0
Jun. 2019	6.2	6.1
Sep. 2019	6.2	5.9
Dec. 2019	6.5	6.2
Mar. 2020	5.7	5.5
Jun. 2020	5.3	4.8
Sep. 2020	9.2	9.4
Dec. 2020	7.8	7.4
Mar. 2021	6.8	7.0
Jun. 2021	6.9	6.8
Sep. 2021	7.4	7.3
Dec. 2021	7.9	7.7
Mar. 2022	7.7	6.7
Jun. 2022	6.8	6.6
Sep. 2022	7.1	6.9
Dec. 2022	6.7	6.3
Mar. 2023	6.2	6.2
Jun. 2023	6.4	6.2
Sep. 2023	6.1	5.8

Gross job losses

In the third quarter of 2023, gross job losses represented 6.1 percent of private-sector employment in Georgia; nationally, gross job losses accounted for 5.9 percent of private-sector employment. (See chart 3.) Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. In Georgia, contracting establishments lost 193,840 jobs in the third quarter of 2023, a decrease of 21,246 jobs from the prior quarter. Closing establishments lost 58,852 jobs, an increase of 4,697 jobs from the previous quarter.

View Chart Data

Chart 3. Private-sector gross job losses as a percent of employment, United States and Georgia, September 2018–September 2023, seasonally adjusted
Period	Georgia	United States
Sep. 2018	6.1	6.0
Dec. 2018	5.8	5.6
Mar. 2019	5.7	5.5
Jun. 2019	6.4	5.9
Sep. 2019	6.0	5.8
Dec. 2019	5.6	5.6
Mar. 2020	6.3	6.2
Jun. 2020	14.9	16.9
Sep. 2020	6.3	6.0
Dec. 2020	5.2	5.7
Mar. 2021	5.7	5.5
Jun. 2021	6.2	5.9
Sep. 2021	6.2	6.1
Dec. 2021	5.5	5.4
Mar. 2022	5.8	5.5
Jun. 2022	6.2	6.2
Sep. 2022	5.9	5.9
Dec. 2022	5.9	5.9
Mar. 2023	5.8	5.4
Jun. 2023	6.5	5.9
Sep. 2023	6.1	5.9

Industries

Gross job gains exceeded gross job losses in 3 of the 11 industry sectors in Georgia in the third quarter of 2023. Education and health services had the largest over-the-quarter net job increase, with a gain of 7,772 jobs. This was the result of 33,130 gross job gains and 25,358 gross job losses. The information sector showed a net loss of 6,428 jobs, the largest loss of any sector in the state.

For more information

The BED data series include gross job gains and gross job losses by industry subsector, for the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands, as well as gross job gains and gross job losses at the firm level by employer size class. BED data for the states have been included in table 2 of this release. Additional information is available online at the Business Employment Dynamics Home.

The Business Employment Dynamics for Fourth Quarter 2023 are scheduled to be released on Wednesday, July 24, 2024.

Technical Note

The Business Employment Dynamics (BED) data are a product of a federal-state cooperative program known as Quarterly Census of Employment and Wages (QCEW). The BED data are compiled by the U.S. Bureau of Labor Statistics (BLS) from existing QCEW records.

More information on formal definitions of the data used in this release, along with coverage, concepts, and methodology, can be found in the Business Employment Dynamics Technical Note.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Private sector gross job gains and losses by industry, Georgia, seasonally adjusted
Category	Gross job gains and losses (3 months ended)					Gross job gains and losses as a percent of employment (3 months ended)
Category	Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023	Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023
Total private (1)
Gross job gains	291,045	272,908	257,840	265,731	254,774	7.1	6.7	6.2	6.4	6.1
At expanding establishments	232,170	213,004	202,339	206,289	198,977	5.7	5.2	4.9	5.0	4.8
At opening establishments	58,875	59,904	55,501	59,442	55,797	1.4	1.5	1.3	1.4	1.3
Gross job losses	241,090	243,103	240,875	269,241	252,692	5.9	5.9	5.8	6.5	6.1
At contracting establishments	184,555	188,452	186,740	215,086	193,840	4.5	4.6	4.5	5.2	4.7
At closing establishments	56,535	54,651	54,135	54,155	58,852	1.4	1.3	1.3	1.3	1.4
Net employment change (2)	49,955	29,805	16,965	-3,510	2,082	1.2	0.8	0.4	-0.1	0.0
Construction
Gross job gains	16,003	16,094	16,971	16,699	16,159	7.5	7.5	7.8	7.6	7.4
At expanding establishments	12,095	12,622	13,839	13,006	12,437	5.7	5.9	6.4	5.9	5.7
At opening establishments	3,908	3,472	3,132	3,693	3,722	1.8	1.6	1.4	1.7	1.7
Gross job losses	15,373	15,228	14,309	16,116	16,802	7.2	7.2	6.6	7.4	7.6
At contracting establishments	11,563	11,477	10,892	12,841	12,372	5.4	5.4	5.0	5.9	5.6
At closing establishments	3,810	3,751	3,417	3,275	4,430	1.8	1.8	1.6	1.5	2.0
Net employment change (2)	630	866	2,662	583	-643	0.3	0.3	1.2	0.2	-0.2
Manufacturing
Gross job gains	18,016	15,389	14,942	16,109	15,795	4.4	3.7	3.6	3.8	3.7
At expanding establishments	16,462	13,580	13,402	13,576	14,025	4.0	3.3	3.2	3.2	3.3
At opening establishments	1,554	1,809	1,540	2,533	1,770	0.4	0.4	0.4	0.6	0.4
Gross job losses	13,947	14,399	13,261	14,255	14,275	3.4	3.4	3.1	3.3	3.3
At contracting establishments	11,875	12,580	11,018	12,427	12,104	2.9	3.0	2.6	2.9	2.8
At closing establishments	2,072	1,819	2,243	1,828	2,171	0.5	0.4	0.5	0.4	0.5
Net employment change (2)	4,069	990	1,681	1,854	1,520	1.0	0.3	0.5	0.5	0.4
Wholesale trade
Gross job gains	13,317	10,832	10,030	10,876	10,262	6.0	4.8	4.4	4.8	4.5
At expanding establishments	11,613	9,437	8,665	9,331	8,699	5.2	4.2	3.8	4.1	3.8
At opening establishments	1,704	1,395	1,365	1,545	1,563	0.8	0.6	0.6	0.7	0.7
Gross job losses	9,186	8,793	9,882	9,782	10,411	4.1	3.9	4.4	4.4	4.6
At contracting establishments	7,082	6,811	7,736	8,253	7,854	3.2	3.0	3.4	3.7	3.5
At closing establishments	2,104	1,982	2,146	1,529	2,557	0.9	0.9	1.0	0.7	1.1
Net employment change (2)	4,131	2,039	148	1,094	-149	1.9	0.9	0.0	0.4	-0.1
Retail trade
Gross job gains	32,073	27,673	29,535	27,109	27,502	6.2	5.4	5.7	5.2	5.4
At expanding establishments	27,726	23,209	25,705	22,977	23,999	5.4	4.5	5.0	4.4	4.7
At opening establishments	4,347	4,464	3,830	4,132	3,503	0.8	0.9	0.7	0.8	0.7
Gross job losses	30,707	30,437	24,741	30,883	30,773	6.0	6.0	4.8	6.0	6.0
At contracting establishments	26,687	26,379	20,569	27,408	25,592	5.2	5.2	4.0	5.3	5.0
At closing establishments	4,020	4,058	4,172	3,475	5,181	0.8	0.8	0.8	0.7	1.0
Net employment change (2)	1,366	-2,764	4,794	-3,774	-3,271	0.2	-0.6	0.9	-0.8	-0.6
Transportation and warehousing
Gross job gains	14,450	17,919	11,470	13,356	11,741	5.4	6.6	4.3	5.0	4.4
At expanding establishments	13,061	14,219	9,653	11,505	9,845	4.9	5.2	3.6	4.3	3.7
At opening establishments	1,389	3,700	1,817	1,851	1,896	0.5	1.4	0.7	0.7	0.7
Gross job losses	12,872	11,703	17,537	14,008	12,424	4.8	4.2	6.4	5.2	4.6
At contracting establishments	10,192	9,408	15,591	12,321	10,512	3.8	3.4	5.7	4.6	3.9
At closing establishments	2,680	2,295	1,946	1,687	1,912	1.0	0.8	0.7	0.6	0.7
Net employment change (2)	1,578	6,216	-6,067	-652	-683	0.6	2.4	-2.1	-0.2	-0.2
Information
Gross job gains	9,065	7,941	9,164	5,913	5,488	7.1	6.3	7.3	4.8	4.9
At expanding establishments	7,867	6,694	8,084	4,900	4,168	6.2	5.3	6.4	4.0	3.7
At opening establishments	1,198	1,247	1,080	1,013	1,320	0.9	1.0	0.9	0.8	1.2
Gross job losses	10,139	9,122	8,553	14,648	11,916	8.0	7.3	6.8	11.9	10.5
At contracting establishments	8,349	7,827	6,721	12,166	9,861	6.6	6.3	5.3	9.9	8.7
At closing establishments	1,790	1,295	1,832	2,482	2,055	1.4	1.0	1.5	2.0	1.8
Net employment change (2)	-1,074	-1,181	611	-8,735	-6,428	-0.9	-1.0	0.5	-7.1	-5.6
Financial activities
Gross job gains	17,661	15,011	14,141	19,477	14,597	6.7	5.7	5.4	7.4	5.5
At expanding establishments	15,038	11,569	11,219	15,875	11,449	5.7	4.4	4.3	6.0	4.3
At opening establishments	2,623	3,442	2,922	3,602	3,148	1.0	1.3	1.1	1.4	1.2
Gross job losses	14,279	14,599	13,001	17,826	15,020	5.5	5.5	5.0	6.7	5.6
At contracting establishments	10,397	10,955	9,098	10,660	11,013	4.0	4.1	3.5	4.0	4.1
At closing establishments	3,882	3,644	3,903	7,166	4,007	1.5	1.4	1.5	2.7	1.5
Net employment change (2)	3,382	412	1,140	1,651	-423	1.2	0.2	0.4	0.7	-0.1
Professional and business services
Gross job gains	66,934	58,863	47,767	53,413	53,225	8.7	7.5	6.1	7.0	7.0
At expanding establishments	51,814	48,462	39,886	43,085	42,919	6.7	6.2	5.1	5.6	5.6
At opening establishments	15,120	10,401	7,881	10,328	10,306	2.0	1.3	1.0	1.4	1.4
Gross job losses	54,347	56,258	59,856	63,912	55,380	7.0	7.2	7.7	8.4	7.3
At contracting establishments	41,625	43,429	48,389	53,441	42,803	5.4	5.6	6.2	7.0	5.6
At closing establishments	12,722	12,829	11,467	10,471	12,577	1.6	1.6	1.5	1.4	1.7
Net employment change (2)	12,587	2,605	-12,089	-10,499	-2,155	1.7	0.3	-1.6	-1.4	-0.3
Education and health services
Gross job gains	34,443	32,337	31,908	37,872	33,130	5.7	5.3	5.1	6.1	5.2
At expanding establishments	28,514	26,379	26,705	30,523	27,676	4.7	4.3	4.3	4.9	4.3
At opening establishments	5,929	5,958	5,203	7,349	5,454	1.0	1.0	0.8	1.2	0.9
Gross job losses	24,299	29,845	25,224	27,087	25,358	4.0	4.9	4.1	4.3	4.0
At contracting establishments	17,587	22,808	19,112	21,317	19,069	2.9	3.7	3.1	3.4	3.0
At closing establishments	6,712	7,037	6,112	5,770	6,289	1.1	1.2	1.0	0.9	1.0
Net employment change (2)	10,144	2,492	6,684	10,785	7,772	1.7	0.4	1.0	1.8	1.2
Leisure and hospitality
Gross job gains	44,893	44,983	41,184	40,257	44,419	9.3	9.1	8.2	8.0	8.8
At expanding establishments	34,865	34,226	32,312	29,824	33,039	7.2	6.9	6.4	5.9	6.5
At opening establishments	10,028	10,757	8,872	10,433	11,380	2.1	2.2	1.8	2.1	2.3
Gross job losses	39,123	34,919	34,802	42,273	43,124	8.1	7.1	7.0	8.4	8.6
At contracting establishments	30,570	26,719	26,493	33,182	33,177	6.3	5.4	5.3	6.6	6.6
At closing establishments	8,553	8,200	8,309	9,091	9,947	1.8	1.7	1.7	1.8	2.0
Net employment change (2)	5,770	10,064	6,382	-2,016	1,295	1.2	2.0	1.2	-0.4	0.2
Other services (3)
Gross job gains	10,250	9,436	8,625	10,052	8,249	9.4	8.5	7.8	9.0	7.3
At expanding establishments	7,780	7,332	6,531	6,849	6,136	7.1	6.6	5.9	6.1	5.4
At opening establishments	2,470	2,104	2,094	3,203	2,113	2.3	1.9	1.9	2.9	1.9
Gross job losses	8,288	8,655	9,094	7,661	8,768	7.5	7.8	8.2	6.9	7.7
At contracting establishments	5,496	6,132	6,424	5,678	6,154	5.0	5.5	5.8	5.1	5.4
At closing establishments	2,792	2,523	2,670	1,983	2,614	2.5	2.3	2.4	1.8	2.3
Net employment change (2)	1,962	781	-469	2,391	-519	1.9	0.7	-0.4	2.1	-0.4
Footnotes: (1) Includes unclassified sector not shown separately. (2) The net employment change is the difference between total gross job gains and total gross job losses. See the Technical Note for further information. (3) Except public administration.

Table 2. Private-sector gross job gains and losses as a percent of total employment by state, seasonally adjusted
Category	Gross job gains as a percent of employment (3 months ended)					Gross job losses as a percent of employment (3 months ended)
Category	Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023	Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023
United States(1)	6.9	6.3	6.2	6.2	5.8	5.9	5.9	5.4	5.9	5.9
Alabama	6.9	6.6	6.4	5.9	5.9	5.9	6.1	5.5	5.7	6.0
Alaska	8.5	10.9	10.4	11.0	8.5	10.4	9.2	8.0	8.9	10.5
Arizona	7.1	6.6	5.9	7.0	6.7	5.5	6.0	5.4	6.5	5.9
Arkansas	6.5	6.2	5.8	5.8	5.6	5.2	5.2	5.0	6.0	5.7
California	6.8	6.6	6.1	6.7	6.2	6.2	6.6	6.4	6.4	6.5
Colorado	7.0	7.6	7.2	7.3	5.5	7.1	6.9	6.5	6.6	6.2
Connecticut	6.3	5.9	6.1	6.4	5.8	6.2	5.9	5.3	5.7	6.2
Delaware	8.6	7.0	6.7	6.0	6.0	6.2	7.5	5.2	5.7	6.5
District of Columbia	7.2	5.6	5.9	5.4	5.5	5.0	5.5	4.8	5.3	5.4
Florida	7.8	6.2	6.3	6.8	6.5	5.6	6.0	5.6	5.8	5.8
Georgia	7.1	6.7	6.2	6.4	6.1	5.9	5.9	5.8	6.5	6.1
Hawaii	6.4	6.0	5.5	5.7	5.3	4.9	4.9	5.0	5.2	6.9
Idaho	7.8	8.4	7.9	7.9	7.3	7.5	6.9	7.5	7.5	8.2
Illinois	5.8	5.4	5.8	5.4	4.8	5.3	5.1	4.8	5.3	5.5
Indiana	6.4	5.7	5.5	5.5	5.8	5.5	5.2	5.0	6.1	5.8
Iowa	5.9	6.4	6.0	6.0	5.5	5.9	6.2	5.4	5.9	5.8
Kansas	7.4	6.3	6.1	6.1	5.7	5.5	5.6	5.4	6.0	6.0
Kentucky	6.6	6.0	6.1	5.6	5.7	5.4	5.3	4.9	5.9	5.5
Louisiana	6.9	6.1	6.3	6.1	6.2	5.7	6.2	5.6	6.4	6.0
Maine	7.6	7.4	7.7	7.6	6.8	7.3	6.8	6.2	7.6	7.8
Maryland	7.4	6.6	6.8	6.7	6.4	6.0	6.9	5.6	6.3	6.5
Massachusetts	6.2	5.5	5.8	5.9	5.4	6.1	5.8	4.7	5.7	6.1
Michigan	5.7	5.9	5.7	5.9	5.2	5.8	5.2	4.9	5.3	5.9
Minnesota	6.5	5.9	5.7	6.0	3.1	5.9	5.8	4.9	5.6	4.2
Mississippi	7.2	6.8	6.1	6.3	6.2	6.3	6.2	5.7	6.6	6.2
Missouri	6.8	6.1	6.5	5.9	5.6	6.3	5.8	5.1	5.9	5.8
Montana	8.7	9.2	8.7	7.8	7.7	7.8	7.8	7.1	8.4	8.5
Nebraska	7.1	6.0	6.3	6.0	6.0	6.1	5.7	5.1	5.6	5.9
Nevada	7.4	6.4	6.2	6.6	6.5	5.8	6.1	5.7	6.0	5.5
New Hampshire	6.9	6.7	7.0	6.7	5.9	6.7	6.0	5.9	6.3	6.7
New Jersey	6.8	6.8	6.1	6.8	5.9	6.4	5.9	5.7	5.9	5.9
New Mexico	8.0	6.7	6.8	6.4	6.1	5.9	6.2	5.9	6.2	6.7
New York	6.6	5.9	6.5	6.3	5.8	5.9	6.0	5.1	5.7	6.1
North Carolina	6.7	6.6	6.4	6.1	5.6	5.8	5.7	5.3	5.7	6.2
North Dakota	7.6	6.4	7.6	6.9	6.6	6.3	6.7	5.6	6.7	6.6
Ohio	5.8	5.9	5.8	5.6	5.2	5.5	5.7	4.9	5.7	5.7
Oklahoma	7.4	6.6	6.3	6.2	6.2	5.6	5.9	5.3	6.0	6.0
Oregon	6.7	6.5	7.3	6.4	6.1	6.0	6.2	6.1	6.9	6.9
Pennsylvania	6.1	5.5	5.5	5.2	5.2	5.1	5.2	4.6	5.5	5.2
Rhode Island	6.7	6.9	7.5	6.7	6.5	7.3	6.4	5.9	7.0	6.8
South Carolina	7.3	6.9	6.8	6.4	6.8	5.6	6.2	5.8	6.8	5.7
South Dakota	7.3	6.5	7.2	6.8	6.3	6.4	6.5	5.9	6.2	6.3
Tennessee	7.0	5.8	5.9	5.9	2.7	5.5	5.6	5.0	5.5	4.2
Texas	7.2	6.2	5.9	5.8	5.7	5.3	5.3	5.0	5.4	5.5
Utah	7.5	6.9	7.0	6.8	6.8	6.8	6.6	6.2	6.2	6.5
Vermont	7.2	7.8	8.2	7.4	6.3	7.8	7.0	6.0	7.5	8.0
Virginia	7.5	6.2	6.2	6.0	5.8	6.1	5.8	5.2	5.8	6.0
Washington	7.2	5.9	6.4	6.0	5.4	6.3	5.3	5.5	5.6	6.0
West Virginia	8.1	6.6	7.1	6.1	6.5	6.9	6.4	5.3	6.1	6.5
Wisconsin	6.0	6.0	6.0	5.6	5.2	5.8	5.5	4.9	5.9	5.9
Wyoming	9.2	9.2	8.9	8.4	8.2	8.4	7.9	7.8	8.7	8.2
Puerto Rico	6.2	6.6	5.1	5.8	5.7	5.3	6.1	5.7	4.9	5.4
Virgin Islands	8.5	5.9	7.5	7.4	8.2	5.5	4.7	6.5	6.8	7.1
Footnotes (1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands. The sum of the states will not necessarily add to the U.S. total because of the independent seasonal adjustment of each state.

Last Modified Date: Tuesday, May 07, 2024

Southeast Information Office

Business Employment Dynamics in Georgia — Third Quarter 2023