News Release Information

15-265-KAN
Thursday, February 19, 2015

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Technical information:
Media contact:
  • (816) 285-7000

Business Employment Dynamics in Colorado – Second Quarter 2014

From March 2014 to June 2014, gross job gains in private sector establishments in Colorado totaled 147,457, while gross job losses numbered 122,734, the U.S. Bureau of Labor Statistics reported today. Gross job gains exceeded gross job losses by 24,723. Regional Commissioner Stanley W. Suchman noted that gross jobs gains exceeded gross job losses by 17,768 during the previous quarter.

 

 Chart 1. Private sector gross job gains and losses of employment in Colorado, June 2009-June 2014 by quarter, seasonally adjusted

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all businesses in the economy. Business Employment Dynamics (BED) statistics track these changes in employment at private business establishments from the third month of one quarter to the third month of the next. Gross job gains are the sum of increases in employment from expansions at existing establishments and the addition of new jobs at opening establishments. Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See the Technical Note for more information.)

Gross job gains in Colorado have trended upward since bottoming out at 110,520 in March 2009. Additionally, Colorado’s gross job gains have been above 130,000 in each of the last nine quarters. Gross job losses increased by 5,650 in the three months ended in June 2014, after declining in each of the two previous quarters. (See chart 1.)

 Chart 2. Private sector gross gains and losses as a percent of employment, United States and Colorado, June 2009-June 2014, seasonally adjusted

Gross job gains represented 7.3 percent of private sector employment in Colorado in the quarter ended June 2014, while nationally gross job gains accounted for 6.5 percent of private employment. (See chart 2.) The rates of both gross job gains and gross job losses in Colorado have been above the U.S. rate since data were first published in 1992.

During the second quarter 2014, gross job gains exceeded gross job losses in 10 of the 11 industry sectors in Colorado. For example, within leisure and hospitality, gross job gains exceeded gross job losses by 3,842. While 30,825 jobs in the industry were created by opening and expanding establishments, 26,983 jobs were lost in closing and contracting establishments in the three months ended in June 2014. In professional and business services, 29,096 jobs were created in opening and expanding establishments and 25,536 jobs were lost in closing and contracting establishments. (See table 1.)

In contrast, gross job losses exceeded gross job gains in the information sector during the second quarter of 2014. The 2,793 jobs lost in contracting and closing establishments offset the 2,557 jobs created in expanding and opening establishments, resulting in a net loss of 236 jobs.

For More Information

BED data for the states have been included in table 2 of this release. For more information on the Business Employment Dynamics data, visit the BED web site at www.bls.gov/bdm/.

The Business Employment Dynamics for Third Quarter 2014 are scheduled to be released on Wednesday, April 29, 2015 at 10:00 a.m. (EDT).


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), or the ES-202 program. The BED data are compiled from existing quarterly QCEW records. The QCEW reports are sent by the State Employment Security Agencies (SESAs) to BLS and form the basis of the Bureau’s QCEW program and establishment universe sampling frame. These reports are also used to produce the QCEW data on total employment and wages. Other important Bureau uses of the QCEW reports are in the Current Employment Statistics (CES) program. The CES program produces monthly estimates of employment, net changes, and earnings by detailed industry.

In the BED program, the QCEW records are linked across quarters to provide a longitudinal history for each establishment. The linkage process allows the tracking of net employment changes at the establishment level, which in turn allows the estimation of jobs gained at opening and expanding establishments and jobs lost at closing and contracting establishments.

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all businesses in the economy. BED statistics track these changes in employment at private business establishments from the third month of one quarter to the third month of the next. Gross job gains are the sum of increases in employment from expansions at existing establishments and the addition of new jobs at opening establishments. Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. The difference between the number of gross jobs gained and the number of gross jobs lost is the net change in employment.

Gross job gains and gross job losses are expressed as rates by dividing their levels by the average of employment in the current and previous quarters. The rates are calculated for the components of gross job gains and gross job losses and then summed to form their respective totals. These rates can be added and subtracted just as their levels can. For instance, the difference between the gross job gains rate and the gross job losses rate is the net growth rate.

The formal definitions of employment changes are as follows:

Openings.  These are either establishments with positive third month employment for the first time in the current quarter, with no links to the prior quarter, or with positive third month employment in the current quarter following zero employment in the previous quarter.

Expansions.  These are establishments with positive employment in the third month in both the previous and current quarters, with a net increase in employment over this period.

Closings.  These are either establishments with positive third month employment in the previous quarter, with no employment or zero employment reported in the current quarter.

Contractions.  These are establishments with positive employment in the third month in both the previous and current quarters, with a net decrease in employment over this period.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 800-877-8339.

 

Table 1. Private sector gross job gains and losses by industry, Colorado, seasonally adjusted
Category Gross job gains and job losses (3 months ended) Gross job gains and job losses as a percent of employment (3 months ended)
June Sept. Dec. Mar. June June Sept. Dec. Mar. June
2013 2013 2013 2014 2014 2013 2013 2013 2014 2014

Total private (1)

 

Gross job gains

137,234 136,576 138,088 134,852 147,457 7.0 7.0 6.9 6.7 7.3

  At expanding establishments

113,045 109,473 111,445 110,139 119,639 5.8 5.6 5.6 5.5 5.9

  At opening establishments

24,189 27,103 26,643 24,713 27,818 1.2 1.4 1.3 1.2 1.4

Gross job losses

120,154 123,433 120,042 117,084 122,734 6.1 6.3 6.1 5.9 6.1

  At contracting establishments

96,083 101,516 96,949 94,914 99,970 4.9 5.2 4.9 4.8 5.0

  At closing establishments

24,071 21,917 23,093 22,170 22,764 1.2 1.1 1.2 1.1 1.1

Net employment change (2)

17,080 13,143 18,046 17,768 24,723 0.9 0.7 0.8 0.8 1.2
 

Construction

 

Gross job gains

15,069 14,491 17,163 15,345 14,664 12.0 11.3 12.9 11.1 10.4

  At expanding establishments

12,056 11,611 13,616 13,071 12,206 9.6 9.1 10.2 9.5 8.7

  At opening establishments

3,013 2,880 3,547 2,274 2,458 2.4 2.2 2.7 1.6 1.7

Gross job losses

11,551 11,568 11,275 12,169 12,393 9.2 9.0 8.5 8.8 8.8

  At contracting establishments

8,872 8,826 8,842 9,382 9,996 7.1 6.9 6.7 6.8 7.1

  At closing establishments

2,679 2,742 2,433 2,787 2,397 2.1 2.1 1.8 2.0 1.7

Net employment change (2)

3,518 2,923 5,888 3,176 2,271 2.8 2.3 4.4 2.3 1.6
 

Manufacturing

 

Gross job gains

4,861 5,117 5,008 4,587 5,679 3.6 3.8 3.8 3.4 4.2

  At expanding establishments

4,421 4,439 4,363 4,285 5,184 3.3 3.3 3.3 3.2 3.8

  At opening establishments

440 678 645 302 495 0.3 0.5 0.5 0.2 0.4

Gross job losses

4,860 4,799 4,521 4,155 4,357 3.7 3.6 3.4 3.1 3.2

  At contracting establishments

4,261 4,317 3,954 3,581 3,767 3.2 3.2 3.0 2.7 2.8

  At closing establishments

599 482 567 574 590 0.5 0.4 0.4 0.4 0.4

Net employment change (2)

1 318 487 432 1,322 -0.1 0.2 0.4 0.3 1.0
 

Wholesale trade

 

Gross job gains

5,042 4,775 4,881 4,768 5,122 5.2 4.9 5.1 4.9 5.1

  At expanding establishments

4,131 3,786 4,049 4,101 4,290 4.3 3.9 4.2 4.2 4.3

  At opening establishments

911 989 832 667 832 0.9 1.0 0.9 0.7 0.8

Gross job losses

4,344 4,456 4,071 4,034 4,168 4.5 4.6 4.1 4.2 4.2

  At contracting establishments

3,122 3,442 2,959 3,083 2,952 3.2 3.6 3.0 3.2 3.0

  At closing establishments

1,222 1,014 1,112 951 1,216 1.3 1.0 1.1 1.0 1.2

Net employment change (2)

698 319 810 734 954 0.7 0.3 1.0 0.7 0.9
 

Retail trade

 

Gross job gains

16,032 16,047 15,676 14,968 16,986 6.4 6.4 6.2 5.9 6.6

  At expanding establishments

13,821 13,384 13,363 12,459 14,840 5.5 5.3 5.3 4.9 5.8

  At opening establishments

2,211 2,663 2,313 2,509 2,146 0.9 1.1 0.9 1.0 0.8

Gross job losses

13,405 15,185 13,974 14,415 14,549 5.4 6.0 5.5 5.7 5.7

  At contracting establishments

11,496 13,396 12,178 12,824 12,732 4.6 5.3 4.8 5.1 5.0

  At closing establishments

1,909 1,789 1,796 1,591 1,817 0.8 0.7 0.7 0.6 0.7

Net employment change (2)

2,627 862 1,702 553 2,437 1.0 0.4 0.7 0.2 0.9
 

Transportation and warehousing

 

Gross job gains

3,594 3,512 4,231 3,668 4,362 5.8 5.6 6.7 5.7 6.7

  At expanding establishments

2,921 2,942 3,783 3,279 3,748 4.7 4.7 6.0 5.1 5.8

  At opening establishments

673 570 448 389 614 1.1 0.9 0.7 0.6 0.9

Gross job losses

3,696 3,339 3,079 3,469 3,405 5.9 5.3 4.9 5.4 5.3

  At contracting establishments

3,277 2,823 2,638 2,821 2,835 5.2 4.5 4.2 4.4 4.4

  At closing establishments

419 516 441 648 570 0.7 0.8 0.7 1.0 0.9

Net employment change (2)

-102 173 1,152 199 957 -0.1 0.3 1.8 0.3 1.4
 

Information

 

Gross job gains

2,834 2,491 2,457 2,152 2,557 4.0 3.6 3.5 3.0 3.7

  At expanding establishments

2,469 2,005 2,108 1,918 2,355 3.5 2.9 3.0 2.7 3.4

  At opening establishments

365 486 349 234 202 0.5 0.7 0.5 0.3 0.3

Gross job losses

2,616 2,571 2,681 2,137 2,793 3.7 3.6 3.9 3.0 4.0

  At contracting establishments

1,979 2,187 2,215 1,832 2,384 2.8 3.1 3.2 2.6 3.4

  At closing establishments

637 384 466 305 409 0.9 0.5 0.7 0.4 0.6

Net employment change (2)

218 -80 -224 15 -236 0.3 0.0 -0.4 0.0 -0.3
 

Financial activities

 

Gross job gains

8,085 8,702 7,514 6,809 7,736 5.6 5.9 5.1 4.7 5.3

  At expanding establishments

6,399 6,649 5,648 5,543 6,268 4.4 4.5 3.8 3.8 4.3

  At opening establishments

1,686 2,053 1,866 1,266 1,468 1.2 1.4 1.3 0.9 1.0

Gross job losses

7,127 7,986 7,441 7,286 7,142 4.9 5.4 5.1 5.0 4.8

  At contracting establishments

5,292 5,916 5,570 5,255 5,471 3.6 4.0 3.8 3.6 3.7

  At closing establishments

1,835 2,070 1,871 2,031 1,671 1.3 1.4 1.3 1.4 1.1

Net employment change (2)

958 716 73 -477 594 0.7 0.5 0.0 -0.3 0.5
 

Professional and business services

 

Gross job gains

28,831 28,692 27,899 25,494 29,096 7.8 7.6 7.4 6.8 7.6

  At expanding establishments

23,325 22,557 21,825 20,690 24,012 6.3 6.0 5.8 5.5 6.3

  At opening establishments

5,506 6,135 6,074 4,804 5,084 1.5 1.6 1.6 1.3 1.3

Gross job losses

26,048 25,307 26,165 25,807 25,536 7.1 6.8 7.0 6.8 6.7

  At contracting establishments

19,508 19,709 19,510 20,003 19,574 5.3 5.3 5.2 5.3 5.1

  At closing establishments

6,540 5,598 6,655 5,804 5,962 1.8 1.5 1.8 1.5 1.6

Net employment change (2)

2,783 3,385 1,734 -313 3,560 0.7 0.8 0.4 0.0 0.9
 

Education and health services

 

Gross job gains

12,756 13,921 14,082 12,783 14,146 4.5 4.9 4.9 4.5 4.9

  At expanding establishments

10,753 11,669 11,770 11,153 12,221 3.8 4.1 4.1 3.9 4.2

  At opening establishments

2,003 2,252 2,312 1,630 1,925 0.7 0.8 0.8 0.6 0.7

Gross job losses

11,998 10,275 10,978 10,981 11,889 4.3 3.6 3.8 3.8 4.1

  At contracting establishments

9,704 8,513 9,002 9,010 9,498 3.5 3.0 3.1 3.1 3.3

  At closing establishments

2,294 1,762 1,976 1,971 2,391 0.8 0.6 0.7 0.7 0.8

Net employment change (2)

758 3,646 3,104 1,802 2,257 0.2 1.3 1.1 0.7 0.8
 

Leisure and hospitality

 

Gross job gains

30,125 28,282 26,902 29,746 30,825 10.3 9.6 9.1 10.1 10.2

  At expanding establishments

25,340 22,879 22,725 24,781 25,885 8.7 7.8 7.7 8.4 8.6

  At opening establishments

4,785 5,403 4,177 4,965 4,940 1.6 1.8 1.4 1.7 1.6

Gross job losses

25,597 29,080 27,535 24,137 26,983 8.8 9.9 9.4 8.2 8.9

  At contracting establishments

21,625 25,085 23,139 20,300 23,254 7.4 8.5 7.9 6.9 7.7

  At closing establishments

3,972 3,995 4,396 3,837 3,729 1.4 1.4 1.5 1.3 1.2

Net employment change (2)

4,528 -798 -633 5,609 3,842 1.5 -0.3 -0.3 1.9 1.3
 

Other services (3)

 

Gross job gains

5,047 5,116 4,921 5,021 5,130 7.7 7.8 7.4 7.5 7.5

  At expanding establishments

3,871 3,940 3,946 4,110 4,289 5.9 6.0 5.9 6.1 6.3

  At opening establishments

1,176 1,176 975 911 841 1.8 1.8 1.5 1.4 1.2

Gross job losses

4,574 4,832 4,762 4,617 4,436 7.0 7.3 7.2 6.9 6.5

  At contracting establishments

3,526 3,917 3,862 3,832 3,590 5.4 5.9 5.8 5.7 5.3

  At closing establishments

1,048 915 900 785 846 1.6 1.4 1.4 1.2 1.2

Net employment change (2)

473 284 159 404 694 0.7 0.5 0.2 0.6 1.0

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
State Gross job gains as a percent of employment (3 months ended) Gross job losses as a percent of employment (3 months ended)
June 2013 Sept. 2013 Dec. 2013 Mar. 2014 June 2014 June 2013 Sept. 2013 Dec. 2013 Mar. 2014 June 2014

United States(1)

6.4 6.3 6.4 6.0 6.5 5.8 5.8 5.8 5.7 5.6

Alabama

6.0 5.5 6.0 5.6 5.9 5.6 5.7 5.3 5.7 5.5

Alaska

10.7 9.8 10.1 10.8 10.9 9.9 10.1 10.4 9.6 10.9

Arizona

6.2 6.4 6.7 5.7 6.0 5.9 5.5 5.4 6.0 6.0

Arkansas

5.3 5.8 6.0 5.8 5.6 6.0 5.7 5.5 5.0 4.9

California

7.0 6.9 7.3 6.8 7.0 6.5 6.2 6.3 6.1 6.4

Colorado

7.0 7.0 6.9 6.7 7.3 6.1 6.3 6.1 5.9 6.1

Connecticut

5.6 5.3 5.3 5.1 5.6 4.8 5.4 5.4 5.0 4.8

Delaware

6.5 6.6 6.6 6.3 6.5 5.8 6.0 5.8 5.9 5.2

District of Columbia

6.2 6.0 5.8 5.9 6.4 5.7 5.1 5.4 5.5 5.7

Florida

7.1 7.0 7.0 6.5 7.2 6.4 6.2 6.0 5.8 6.2

Georgia

6.6 6.6 6.8 6.5 6.8 6.1 6.0 5.8 5.6 5.9

Hawaii

5.2 5.6 5.4 4.8 4.9 5.1 4.7 4.5 5.1 5.1

Idaho

8.0 7.7 8.3 8.4 7.7 7.4 7.2 7.3 7.2 8.0

Illinois

5.8 5.7 5.8 5.8 6.1 5.3 5.7 5.3 5.5 5.5

Indiana

5.7 5.6 6.1 5.3 5.9 5.3 5.4 5.1 5.5 5.0

Iowa

6.0 5.9 6.0 5.8 6.2 5.4 5.5 5.5 5.5 5.7

Kansas

6.2 6.1 6.2 5.7 6.1 5.6 5.7 5.3 5.5 5.7

Kentucky

5.9 6.0 6.5 6.1 6.2 5.7 5.5 5.4 5.9 5.5

Louisiana

6.3 6.9 6.7 6.7 6.6 6.6 6.0 6.1 5.8 6.4

Maine

8.1 7.4 7.0 6.7 7.8 6.4 7.3 7.5 7.0 6.5

Maryland

6.2 6.1 6.4 5.9 6.6 6.1 6.1 6.3 5.8 5.8

Massachusetts

6.1 5.5 5.4 5.3 6.3 5.0 5.5 5.3 5.0 5.3

Michigan

6.3 5.9 6.0 5.5 6.4 5.7 5.8 5.6 5.1 5.4

Minnesota

6.1 5.6 5.6 5.3 6.5 5.2 5.5 5.6 5.7 5.1

Mississippi

5.9 6.2 6.6 5.7 6.1 6.1 5.8 5.6 5.9 6.7

Missouri

5.9 5.8 6.0 5.6 6.0 5.3 5.7 5.5 5.5 5.3

Montana

8.0 7.7 8.2 7.2 8.2 7.9 7.6 7.5 7.9 7.7

Nebraska

6.0 6.3 6.3 5.9 6.0 5.4 5.7 5.7 5.6 6.0

Nevada

6.7 6.0 6.3 6.6 6.7 5.6 5.8 5.3 5.2 5.6

New Hampshire

6.8 6.0 6.8 5.7 6.7 5.9 6.5 5.8 5.9 6.1

New Jersey

6.5 6.2 6.4 5.9 6.9 5.7 6.2 6.4 6.2 5.8

New Mexico

6.9 6.7 6.9 6.3 6.6 6.7 6.7 6.4 6.4 6.1

New York

6.5 6.4 6.6 6.2 6.6 5.8 6.1 6.0 6.0 5.7

North Carolina

6.3 6.3 6.4 5.9 6.4 5.8 5.8 5.7 5.6 5.5

North Dakota

7.3 8.3 8.2 8.6 7.6 7.6 6.9 6.9 6.8 7.0

Ohio

6.2 5.6 6.0 5.6 6.1 5.3 5.6 5.3 5.6 5.3

Oklahoma

6.4 6.4 6.2 6.1 6.2 5.9 5.7 6.2 6.0 6.1

Oregon

7.2 7.1 6.9 7.0 6.9 6.3 6.3 6.6 6.1 6.4

Pennsylvania

5.3 5.2 5.4 5.2 5.6 5.2 5.2 5.2 4.9 4.8

Rhode Island

6.5 6.2 6.2 5.7 6.5 5.7 6.1 5.7 5.7 5.5

South Carolina

6.3 6.2 6.7 6.2 6.5 5.4 5.6 5.5 5.8 5.7

South Dakota

6.5 6.2 6.9 6.3 6.4 5.7 6.3 6.0 6.1 6.0

Tennessee

5.6 5.5 6.3 5.4 5.6 5.3 5.3 4.7 5.3 5.0

Texas

5.8 6.0 6.1 5.9 6.0 5.1 5.2 5.3 5.1 4.9

Utah

7.0 6.9 7.4 6.5 7.0 6.5 6.4 6.1 6.0 6.6

Vermont

7.4 7.1 7.6 6.7 7.4 7.7 7.4 6.6 6.8 6.9

Virginia

5.6 5.9 5.7 5.3 6.2 5.6 5.9 5.6 5.5 5.5

Washington

7.3 7.0 6.9 6.6 7.3 6.1 6.6 6.3 5.9 5.5

West Virginia

6.2 6.0 6.5 6.3 6.6 6.6 6.4 6.4 6.7 6.4

Wisconsin

5.8 5.5 5.7 5.3 5.9 5.3 5.4 5.2 5.1 5.0

Wyoming

8.6 8.4 9.4 8.4 8.7 9.1 8.2 8.1 8.0 8.2

Puerto Rico

6.0 6.1 6.6 5.1 5.6 6.0 6.6 5.2 6.4 6.3

Virgin Islands

4.9 5.7 5.5 4.9 6.1 6.8 6.5 6.0 6.1 6.4

Footnotes:
(1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands.
 

 

Last Modified Date: Thursday, February 19, 2015