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News Release Information

22-1757-NEW
Monday, August 29, 2022

Contacts Technical information: Media contact:
  • (617) 565-4141

Business Employment Dynamics in New York — Fourth Quarter 2021

From September 2021 to December 2021, gross job gains from opening and expanding private-sector establishments in New York were 590,361, while gross job losses from closing and contracting private-sector establishments were 417,053, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner William J. Sibley noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 173,308 jobs in the private sector during the fourth quarter of 2021. During the previous quarter, gross job gains exceeded gross job losses by 115,676. (See chart 1.)

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 Technical Note.)

Gross job gains

In the fourth quarter of 2021, gross job gains represented 7.7 percent of private-sector employment both nationally and in New York. (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 New York, gross job gains at expanding establishments totaled 480,992 in the fourth quarter of 2021, an increase of 19,482 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 109,369 jobs gained in the fourth quarter of 2021, an increase of 11,873 jobs from the previous quarter.

Gross job losses

In the fourth quarter of 2021, gross job losses represented 5.5 percent of private-sector employment in New York; nationally, gross job losses accounted for 5.4 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 New York, contracting establishments lost 331,700 jobs in the fourth quarter of 2021, a decrease of 17,417 jobs from the prior quarter. Closing establishments lost 85,353 jobs, a decrease of 8,860 jobs from the previous quarter.

Industries

Gross job gains exceeded gross job losses in 10 of the 11 industry sectors in New York in the fourth quarter of 2021. Leisure and hospitality had the greatest over-the-quarter net job increase, with a gain of 41,804 jobs. This was the result of 115,397 gross job gains and 73,593 gross job losses. The professional and business services sector had a net gain of 29,767 jobs, while transportation and warehousing and education and health services had net increases of 25,023 jobs and 22,573 jobs, respectively. Information was the only sector to post a net job decrease, with a loss of 293 jobs.

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 www.bls.gov/bdm/.

The Business Employment Dynamics for First Quarter 2022 are scheduled to be released on Wednesday, October 26, 2022.

Upcoming Revisions and Coronavirus (COVID-19) Effect on Business Employment Dynamics

The release of First Quarter 2022 Business Employment Dynamics data will incorporate annual revisions in accordance with standard procedures.

Data collection and processing methods have been impacted because of the COVID-19 pandemic. More detail can be found at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-business-employment-dynamics.htm.


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. Most employers in the U.S. are required to file quarterly reports on the employment and wages of workers covered by unemployment insurance (UI) laws, and to pay quarterly UI taxes. The QCEW is based largely on quarterly UI reports which are sent by businesses to the State Workforce Agencies (SWAs). These UI reports are supplemented by two additional BLS data collections to render administrative data into economic statistics. Together these data comprise the QCEW and form the basis of the Bureau’s establishment universe sampling frame.

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 units and jobs lost at closing and contracting units.

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 units 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 units 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 units with positive third month employment in the previous quarter, with no employment or zero employment reported in the current quarter.

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

The full Technical Note for the Business Employment Dynamics program, which includes information on coverage, concepts, and methodology, can be found in the current quarterly news release online at www.bls.gov/news.release/cewbd.htm.

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, New York, 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)
Dec.
2020
Mar.
2021
June
2021
Sept
2021
Dec.
2021
Dec.
2020
Mar.
2021
June
2021
Sept
2021
Dec.
2021

Total private (1)

Gross job gains

528,197 502,099 518,958 559,006 590,361 7.4 6.9 7.1 7.5 7.7

At expanding establishments

413,553 407,539 409,751 461,510 480,992 5.8 5.6 5.6 6.2 6.3

At opening establishments

114,644 94,560 109,207 97,496 109,369 1.6 1.3 1.5 1.3 1.4

Gross job losses

452,008 393,029 422,051 443,330 417,053 6.3 5.4 5.7 6.0 5.5

At contracting establishments

353,159 319,263 340,376 349,117 331,700 4.9 4.4 4.6 4.7 4.4

At closing establishments

98,849 73,766 81,675 94,213 85,353 1.4 1.0 1.1 1.3 1.1

Net employment change (2)

76,189 109,070 96,907 115,676 173,308 1.1 1.5 1.4 1.5 2.2

Construction

Gross job gains

41,452 39,005 35,554 36,086 38,566 11.2 10.3 9.4 9.8 10.3

At expanding establishments

31,565 30,328 28,020 27,986 31,027 8.5 8.0 7.4 7.6 8.3

At opening establishments

9,887 8,677 7,534 8,100 7,539 2.7 2.3 2.0 2.2 2.0

Gross job losses

37,929 34,728 43,087 39,310 35,237 10.3 9.2 11.4 10.6 9.5

At contracting establishments

29,367 27,997 33,891 29,998 27,332 8.0 7.4 9.0 8.1 7.4

At closing establishments

8,562 6,731 9,196 9,312 7,905 2.3 1.8 2.4 2.5 2.1

Net employment change (2)

3,523 4,277 -7,533 -3,224 3,329 0.9 1.1 -2.0 -0.8 0.8

Manufacturing

Gross job gains

18,306 15,504 16,751 18,271 20,939 4.6 3.9 4.1 4.5 5.1

At expanding establishments

15,842 13,990 14,551 16,577 18,902 4.0 3.5 3.6 4.1 4.6

At opening establishments

2,464 1,514 2,200 1,694 2,037 0.6 0.4 0.5 0.4 0.5

Gross job losses

14,835 15,053 15,180 15,436 12,749 3.7 3.8 3.8 3.8 3.1

At contracting establishments

12,867 13,127 13,243 13,276 10,476 3.2 3.3 3.3 3.3 2.5

At closing establishments

1,968 1,926 1,937 2,160 2,273 0.5 0.5 0.5 0.5 0.6

Net employment change (2)

3,471 451 1,571 2,835 8,190 0.9 0.1 0.3 0.7 2.0

Wholesale trade

Gross job gains

15,632 14,007 14,385 16,365 17,324 5.4 4.9 4.9 5.5 5.8

At expanding establishments

12,125 11,521 11,985 13,920 14,616 4.2 4.0 4.1 4.7 4.9

At opening establishments

3,507 2,486 2,400 2,445 2,708 1.2 0.9 0.8 0.8 0.9

Gross job losses

13,849 12,120 13,581 13,801 12,728 4.8 4.2 4.7 4.7 4.3

At contracting establishments

10,017 9,274 9,874 10,388 9,747 3.5 3.2 3.4 3.5 3.3

At closing establishments

3,832 2,846 3,707 3,413 2,981 1.3 1.0 1.3 1.2 1.0

Net employment change (2)

1,783 1,887 804 2,564 4,596 0.6 0.7 0.2 0.8 1.5

Retail trade

Gross job gains

54,676 49,898 54,972 55,903 54,338 6.7 6.1 6.6 6.8 6.6

At expanding establishments

46,555 43,711 47,986 49,647 46,764 5.7 5.3 5.8 6.0 5.7

At opening establishments

8,121 6,187 6,986 6,256 7,574 1.0 0.8 0.8 0.8 0.9

Gross job losses

52,422 45,604 54,697 57,672 47,893 6.4 5.5 6.6 7.0 5.8

At contracting establishments

42,353 38,817 45,064 48,524 40,645 5.2 4.7 5.4 5.9 4.9

At closing establishments

10,069 6,787 9,633 9,148 7,248 1.2 0.8 1.2 1.1 0.9

Net employment change (2)

2,254 4,294 275 -1,769 6,445 0.3 0.6 0.0 -0.2 0.8

Transportation and warehousing

Gross job gains

36,879 17,665 15,902 21,050 34,923 15.0 6.9 6.4 8.2 12.8

At expanding establishments

32,254 15,687 13,758 19,411 32,161 13.1 6.1 5.5 7.6 11.8

At opening establishments

4,625 1,978 2,144 1,639 2,762 1.9 0.8 0.9 0.6 1.0

Gross job losses

13,876 22,590 13,351 16,890 9,900 5.6 8.9 5.3 6.6 3.7

At contracting establishments

11,647 20,881 11,753 15,012 8,103 4.7 8.2 4.7 5.9 3.0

At closing establishments

2,229 1,709 1,598 1,878 1,797 0.9 0.7 0.6 0.7 0.7

Net employment change (2)

23,003 -4,925 2,551 4,160 25,023 9.4 -2.0 1.1 1.6 9.1

Information

Gross job gains

20,847 13,773 18,452 24,334 18,813 7.9 5.1 6.8 8.6 6.5

At expanding establishments

18,095 12,111 13,340 21,852 16,081 6.9 4.5 4.9 7.7 5.6

At opening establishments

2,752 1,662 5,112 2,482 2,732 1.0 0.6 1.9 0.9 0.9

Gross job losses

13,411 10,617 13,393 12,871 19,106 5.1 3.9 4.8 4.6 6.6

At contracting establishments

10,237 8,069 10,812 10,118 15,951 3.9 3.0 3.9 3.6 5.5

At closing establishments

3,174 2,548 2,581 2,753 3,155 1.2 0.9 0.9 1.0 1.1

Net employment change (2)

7,436 3,156 5,059 11,463 -293 2.8 1.2 2.0 4.0 -0.1

Financial activities

Gross job gains

27,020 23,671 29,144 32,316 33,042 3.9 3.4 4.2 4.7 4.8

At expanding establishments

20,612 19,518 23,747 26,966 26,936 3.0 2.8 3.4 3.9 3.9

At opening establishments

6,408 4,153 5,397 5,350 6,106 0.9 0.6 0.8 0.8 0.9

Gross job losses

33,026 26,634 30,712 29,767 27,614 4.8 3.8 4.4 4.3 4.0

At contracting establishments

26,246 20,883 24,337 22,622 20,855 3.8 3.0 3.5 3.3 3.0

At closing establishments

6,780 5,751 6,375 7,145 6,759 1.0 0.8 0.9 1.0 1.0

Net employment change (2)

-6,006 -2,963 -1,568 2,549 5,428 -0.9 -0.4 -0.2 0.4 0.8

Professional and business services

Gross job gains

92,707 87,416 87,187 91,207 103,616 7.5 7.0 7.0 7.2 8.1

At expanding establishments

72,472 73,626 70,155 77,103 87,415 5.9 5.9 5.6 6.1 6.8

At opening establishments

20,235 13,790 17,032 14,104 16,201 1.6 1.1 1.4 1.1 1.3

Gross job losses

76,170 67,545 77,114 83,054 73,849 6.2 5.4 6.1 6.5 5.7

At contracting establishments

55,730 52,661 61,835 63,561 55,888 4.5 4.2 4.9 5.0 4.3

At closing establishments

20,440 14,884 15,279 19,493 17,961 1.7 1.2 1.2 1.5 1.4

Net employment change (2)

16,537 19,871 10,073 8,153 29,767 1.3 1.6 0.9 0.7 2.4

Education and health services

Gross job gains

89,051 82,926 77,734 80,445 93,901 4.7 4.4 4.1 4.3 4.8

At expanding establishments

76,889 73,394 68,710 71,471 81,491 4.1 3.9 3.6 3.8 4.2

At opening establishments

12,162 9,532 9,024 8,974 12,410 0.6 0.5 0.5 0.5 0.6

Gross job losses

74,578 66,527 75,488 78,309 71,328 4.0 3.5 4.0 4.1 3.7

At contracting establishments

64,033 58,970 65,924 66,046 62,345 3.4 3.1 3.5 3.5 3.2

At closing establishments

10,545 7,557 9,564 12,263 8,983 0.6 0.4 0.5 0.6 0.5

Net employment change (2)

14,473 16,399 2,246 2,136 22,573 0.7 0.9 0.1 0.2 1.1

Leisure and hospitality

Gross job gains

85,049 109,819 114,713 126,008 115,397 14.1 17.8 17.0 16.9 14.5

At expanding establishments

63,835 89,228 90,690 107,510 94,250 10.6 14.5 13.4 14.4 11.8

At opening establishments

21,214 20,591 24,023 18,498 21,147 3.5 3.3 3.6 2.5 2.7

Gross job losses

88,481 59,556 52,982 62,777 73,593 14.7 9.7 7.8 8.5 9.2

At contracting establishments

69,061 46,799 42,221 48,960 59,197 11.5 7.6 6.2 6.6 7.4

At closing establishments

19,420 12,757 10,761 13,817 14,396 3.2 2.1 1.6 1.9 1.8

Net employment change (2)

-3,432 50,263 61,731 63,231 41,804 -0.6 8.1 9.2 8.4 5.3

Other services (3)

Gross job gains

22,593 22,294 24,429 26,326 26,243 7.9 7.8 8.4 8.8 8.6

At expanding establishments

16,777 16,770 19,781 21,258 20,649 5.9 5.9 6.8 7.1 6.8

At opening establishments

5,816 5,524 4,648 5,068 5,594 2.0 1.9 1.6 1.7 1.8

Gross job losses

23,950 19,400 19,270 20,423 20,111 8.4 6.8 6.6 6.9 6.6

At contracting establishments

16,831 15,158 13,774 14,575 15,371 5.9 5.3 4.7 4.9 5.0

At closing establishments

7,119 4,242 5,496 5,848 4,740 2.5 1.5 1.9 2.0 1.6

Net employment change (2)

-1,357 2,894 5,159 5,903 6,132 -0.5 1.0 1.8 1.9 2.0

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
Category Gross job gains as a percent of employment
(3 months ended)
Gross job losses as a percent of employment
(3 months ended)
Dec.
2020
Mar.
2021
June
2021
Sept.
2021
Dec.
2021
Dec.
2020
Mar.
2021
June
2021
Sept.
2021
Dec.
2021

United States(1)

7.4 6.8 6.7 7.2 7.7 5.7 5.4 5.9 6.2 5.4

Alabama

7.6 5.9 6.2 6.6 7.6 5.5 5.9 6.0 6.7 5.3

Alaska

13.4 11.0 9.5 10.4 11.9 7.7 9.4 9.2 9.5 8.7

Arizona

7.3 6.3 6.8 6.9 6.8 5.0 5.5 6.0 6.0 4.9

Arkansas

7.2 5.9 5.5 6.6 7.6 5.2 5.1 5.6 5.9 4.5

California

8.5 7.7 7.8 7.8 8.5 6.1 5.9 6.4 6.3 5.5

Colorado

7.5 8.6 7.8 8.1 7.6 7.2 5.6 6.4 7.0 6.1

Connecticut

6.6 6.3 6.6 6.8 6.9 5.9 5.3 5.9 6.0 5.4

Delaware

6.8 6.8 6.4 7.2 8.3 6.0 6.0 6.4 7.0 6.1

District of Columbia

5.3 5.5 7.0 7.9 7.3 5.5 5.3 5.4 4.8 5.0

Florida

8.0 6.9 7.8 9.2 7.7 6.0 5.8 6.2 6.0 6.1

Georgia

7.9 6.7 6.9 7.4 8.1 5.2 5.7 6.2 6.2 5.7

Hawaii

14.7 8.5 10.7 7.2 6.8 4.6 5.9 5.6 6.6 4.8

Idaho

8.7 8.1 7.2 7.7 8.6 6.1 5.7 7.2 7.3 6.3

Illinois

6.5 7.2 6.0 6.3 7.5 6.1 4.9 5.6 6.0 4.9

Indiana

6.8 6.0 5.7 6.3 7.3 5.0 5.1 6.0 5.8 4.7

Iowa

6.8 6.1 6.0 6.2 6.6 5.1 5.4 6.0 6.0 5.2

Kansas

7.0 6.2 6.2 6.6 7.6 5.9 5.5 6.1 6.6 5.3

Kentucky

7.3 7.3 6.4 6.6 7.4 6.1 5.1 6.5 6.5 5.0

Louisiana

8.7 6.4 6.8 6.9 9.7 5.6 5.9 6.2 8.6 5.6

Maine

8.5 9.0 7.7 7.8 8.2 6.3 6.3 7.8 8.0 7.0

Maryland

7.3 6.3 6.6 7.5 7.2 5.8 5.5 6.6 6.7 5.7

Massachusetts

7.0 6.6 6.9 7.2 7.0 5.5 5.0 5.7 5.9 5.7

Michigan

6.7 8.5 6.2 6.6 7.5 6.9 4.9 5.6 6.1 5.3

Minnesota

6.9 9.2 6.1 6.4 7.3 6.8 4.9 5.5 6.8 5.2

Mississippi

8.0 5.6 6.4 7.5 8.0 4.9 6.6 6.5 6.2 5.7

Missouri

7.1 6.3 6.0 6.7 7.4 5.2 5.3 6.3 6.1 5.5

Montana

9.4 8.8 8.3 8.4 10.0 6.8 6.9 8.1 8.3 7.2

Nebraska

6.8 6.5 6.2 6.2 6.7 5.5 6.2 6.0 6.6 5.5

Nevada

8.8 7.3 9.5 8.9 8.2 5.7 5.5 5.7 5.8 4.9

New Hampshire

7.4 7.4 7.0 7.0 7.8 6.4 5.4 6.4 6.8 6.7

New Jersey

8.1 7.0 7.2 7.4 8.8 5.9 5.6 5.7 6.1 5.3

New Mexico

7.3 8.5 7.1 7.9 8.0 7.5 5.7 6.6 6.3 6.3

New York

7.4 6.9 7.1 7.5 7.7 6.3 5.4 5.7 6.0 5.5

North Carolina

7.9 6.6 6.4 6.8 8.1 5.0 5.4 5.8 6.4 5.2

North Dakota

7.2 7.8 6.9 7.5 7.7 7.1 6.5 6.5 6.7 6.5

Ohio

6.6 6.1 5.9 6.1 7.0 5.2 5.0 5.8 6.0 5.2

Oklahoma

7.9 6.1 6.5 7.1 7.4 5.8 6.1 6.0 7.0 6.4

Oregon

7.4 8.5 6.6 7.0 7.7 6.5 5.6 6.6 6.5 6.2

Pennsylvania

6.2 6.4 5.6 6.2 6.8 5.3 4.6 5.3 5.3 4.8

Rhode Island

7.6 9.8 7.0 7.6 8.5 7.1 5.5 6.4 6.6 6.5

South Carolina

8.0 6.2 6.3 7.2 7.9 5.2 6.1 6.5 6.6 5.3

South Dakota

7.2 7.3 6.8 6.6 7.2 6.2 6.0 5.8 6.5 5.9

Tennessee

7.5 5.6 5.9 6.8 7.4 4.6 5.0 5.8 5.5 4.9

Texas

7.6 5.7 6.7 7.1 7.7 4.8 5.0 5.4 5.4 4.7

Utah

8.1 7.1 6.9 7.3 7.5 5.6 6.1 6.0 6.8 5.8

Vermont

7.6 8.2 8.4 7.9 8.1 8.0 6.1 6.8 7.5 6.9

Virginia

7.0 6.0 6.2 6.8 7.1 5.3 5.4 6.0 6.1 5.4

Washington

7.2 7.9 6.7 7.2 7.8 6.1 5.4 5.8 5.7 5.1

West Virginia

7.4 7.2 6.5 6.7 7.8 6.2 5.8 6.4 6.5 5.9

Wisconsin

6.3 5.8 5.8 5.5 6.5 5.1 4.7 5.4 5.8 5.4

Wyoming

10.0 9.1 8.8 8.9 10.1 7.7 8.3 8.5 8.6 7.8

Puerto Rico

6.6 6.6 7.7 8.3 6.4 4.9 5.0 5.0 5.1 5.5

Virgin Islands

9.9 7.4 10.6 7.4 8.1 5.8 10.8 6.2 8.5 9.4

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

 

Last Modified Date: Monday, August 29, 2022