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News Release Information

24-868-ATL
Tuesday, May 07, 2024

Contacts Technical information: Media contact:
  • (404) 893-4220

Business Employment Dynamics in Florida — Third Quarter 2023

From June 2023 to September 2023, gross job gains from opening and expanding private-sector establishments were 564,943, while gross job losses from closing and contracting private-sector establishments in Florida were 505,174, 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 59,769 jobs in the private sector during the third quarter of 2023. During the previous quarter, gross job gains exceeded gross job losses by 81,846. (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 the Business Employment Dynamics Technical Note.)

Gross job gains

In the third quarter of 2023, gross job gains represented 6.5 percent of private-sector employment in Florida; 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 Florida, gross job gains at expanding establishments totaled 414,593 in the third quarter of 2023, a decrease of 4,694 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 150,350 jobs gained in the third quarter of 2023, a decrease of 8,443 jobs from the previous quarter.


Gross job losses

In the third quarter of 2023, gross job losses represented 5.8 percent of private-sector employment in Florida; 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 Florida, contracting establishments lost 373,036 jobs in the third quarter of 2023, an increase of 7,943 jobs from the prior quarter. Closing establishments lost 132,138 jobs, an increase of 997 jobs from the previous quarter.


Industries

Gross job gains exceeded gross job losses in 9 of the 11 industry sectors in Florida in the third quarter of 2023. Education and health services had the largest over-the-quarter net job increase, with a gain of 18,145 jobs. This was the result of 83,742 gross job gains and 65,597 gross job losses. The leisure and hospitality industry had a net gain of 9,712 jobs. Professional and business services had a net loss of 2,316 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 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, Florida, seasonally adjusted
Category Gross job gains and losses
(3 months ended)
Gross job gains and losses
as a percent of employment
(3 months ended)
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

653,384 526,584 536,274 578,080 564,943 7.8 6.2 6.3 6.8 6.5

At expanding establishments

503,020 388,383 416,596 419,287 414,593 6.0 4.6 4.9 4.9 4.8

At opening establishments

150,364 138,201 119,678 158,793 150,350 1.8 1.6 1.4 1.9 1.7

Gross job losses

462,890 506,776 474,307 496,234 505,174 5.6 6.0 5.6 5.8 5.8

At contracting establishments

339,292 384,814 350,176 365,093 373,036 4.1 4.6 4.1 4.3 4.3

At closing establishments

123,598 121,962 124,131 131,141 132,138 1.5 1.4 1.5 1.5 1.5

Net employment change (2)

190,494 19,808 61,967 81,846 59,769 2.2 0.2 0.7 1.0 0.7

Construction

Gross job gains

51,638 51,245 52,582 49,946 49,396 8.5 8.4 8.5 7.9 7.9

At expanding establishments

36,919 36,598 38,463 35,875 34,490 6.1 6.0 6.2 5.7 5.5

At opening establishments

14,719 14,647 14,119 14,071 14,906 2.4 2.4 2.3 2.2 2.4

Gross job losses

44,117 42,431 42,202 49,596 47,280 7.3 6.9 6.8 7.9 7.5

At contracting establishments

31,274 28,969 28,620 33,052 33,839 5.2 4.7 4.6 5.3 5.4

At closing establishments

12,843 13,462 13,582 16,544 13,441 2.1 2.2 2.2 2.6 2.1

Net employment change (2)

7,521 8,814 10,380 350 2,116 1.2 1.5 1.7 0.0 0.4

Manufacturing

Gross job gains

21,510 17,492 17,898 19,287 17,880 5.3 4.2 4.3 4.6 4.3

At expanding establishments

17,187 13,712 14,015 15,259 13,346 4.2 3.3 3.4 3.6 3.2

At opening establishments

4,323 3,780 3,883 4,028 4,534 1.1 0.9 0.9 1.0 1.1

Gross job losses

14,827 16,583 16,279 16,814 16,321 3.6 4.0 4.0 4.0 3.9

At contracting establishments

11,192 12,613 12,299 12,294 12,641 2.7 3.0 3.0 2.9 3.0

At closing establishments

3,635 3,970 3,980 4,520 3,680 0.9 1.0 1.0 1.1 0.9

Net employment change (2)

6,683 909 1,619 2,473 1,559 1.7 0.2 0.3 0.6 0.4

Wholesale trade

Gross job gains

22,228 18,037 19,456 20,952 20,790 5.8 4.7 5.1 5.4 5.3

At expanding establishments

17,554 13,425 15,260 16,222 15,507 4.6 3.5 4.0 4.2 4.0

At opening establishments

4,674 4,612 4,196 4,730 5,283 1.2 1.2 1.1 1.2 1.3

Gross job losses

16,087 15,358 16,633 16,554 16,689 4.2 4.0 4.3 4.3 4.3

At contracting establishments

10,995 11,583 11,128 11,949 11,664 2.9 3.0 2.9 3.1 3.0

At closing establishments

5,092 3,775 5,505 4,605 5,025 1.3 1.0 1.4 1.2 1.3

Net employment change (2)

6,141 2,679 2,823 4,398 4,101 1.6 0.7 0.8 1.1 1.0

Retail trade

Gross job gains

71,584 56,233 62,549 68,836 66,067 6.3 5.0 5.5 6.0 5.7

At expanding establishments

60,027 45,268 54,243 55,796 53,485 5.3 4.0 4.8 4.9 4.6

At opening establishments

11,557 10,965 8,306 13,040 12,582 1.0 1.0 0.7 1.1 1.1

Gross job losses

59,633 64,211 51,383 59,564 60,555 5.3 5.7 4.6 5.2 5.2

At contracting establishments

50,716 54,077 42,716 49,757 49,613 4.5 4.8 3.8 4.3 4.3

At closing establishments

8,917 10,134 8,667 9,807 10,942 0.8 0.9 0.8 0.9 0.9

Net employment change (2)

11,951 -7,978 11,166 9,272 5,512 1.0 -0.7 0.9 0.8 0.5

Transportation and warehousing

Gross job gains

25,958 25,806 19,222 19,836 21,235 6.6 6.4 4.8 5.0 5.3

At expanding establishments

21,621 22,013 16,038 15,927 16,687 5.5 5.5 4.0 4.0 4.2

At opening establishments

4,337 3,793 3,184 3,909 4,548 1.1 0.9 0.8 1.0 1.1

Gross job losses

17,329 18,280 27,164 17,641 18,386 4.4 4.6 6.8 4.4 4.7

At contracting establishments

13,859 15,153 23,122 14,309 14,971 3.5 3.8 5.8 3.6 3.8

At closing establishments

3,470 3,127 4,042 3,332 3,415 0.9 0.8 1.0 0.8 0.9

Net employment change (2)

8,629 7,526 -7,942 2,195 2,849 2.2 1.8 -2.0 0.6 0.6

Information

Gross job gains

10,854 9,738 9,258 9,910 8,303 7.0 6.1 5.8 6.3 5.2

At expanding establishments

8,516 7,289 7,483 6,233 5,886 5.5 4.6 4.7 4.0 3.7

At opening establishments

2,338 2,449 1,775 3,677 2,417 1.5 1.5 1.1 2.3 1.5

Gross job losses

8,180 9,635 8,997 9,625 9,463 5.3 6.1 5.7 6.1 6.0

At contracting establishments

5,876 7,148 6,584 7,668 6,897 3.8 4.5 4.2 4.9 4.4

At closing establishments

2,304 2,487 2,413 1,957 2,566 1.5 1.6 1.5 1.2 1.6

Net employment change (2)

2,674 103 261 285 -1,160 1.7 0.0 0.1 0.2 -0.8

Financial activities

Gross job gains

42,103 37,376 37,992 38,015 35,378 6.4 5.7 5.7 5.7 5.3

At expanding establishments

31,330 25,802 29,046 26,461 24,713 4.8 3.9 4.4 4.0 3.7

At opening establishments

10,773 11,574 8,946 11,554 10,665 1.6 1.8 1.3 1.7 1.6

Gross job losses

33,303 36,155 34,739 31,344 33,574 5.1 5.5 5.3 4.8 5.0

At contracting establishments

23,443 26,173 23,727 21,012 23,084 3.6 4.0 3.6 3.2 3.4

At closing establishments

9,860 9,982 11,012 10,332 10,490 1.5 1.5 1.7 1.6 1.6

Net employment change (2)

8,800 1,221 3,253 6,671 1,804 1.3 0.2 0.4 0.9 0.3

Professional and business services

Gross job gains

143,294 116,606 116,289 120,296 114,313 9.0 7.2 7.2 7.4 7.0

At expanding establishments

106,742 80,623 86,511 87,507 83,471 6.7 5.0 5.4 5.4 5.1

At opening establishments

36,552 35,983 29,778 32,789 30,842 2.3 2.2 1.8 2.0 1.9

Gross job losses

106,504 116,572 102,147 114,012 116,629 6.7 7.2 6.3 7.0 7.2

At contracting establishments

73,342 85,618 72,895 81,433 82,208 4.6 5.3 4.5 5.0 5.1

At closing establishments

33,162 30,954 29,252 32,579 34,421 2.1 1.9 1.8 2.0 2.1

Net employment change (2)

36,790 34 14,142 6,284 -2,316 2.3 0.0 0.9 0.4 -0.2

Education and health services

Gross job gains

96,427 73,338 73,882 80,748 83,742 6.9 5.2 5.2 5.5 5.7

At expanding establishments

79,611 56,754 60,832 62,658 66,106 5.7 4.0 4.3 4.3 4.5

At opening establishments

16,816 16,584 13,050 18,090 17,636 1.2 1.2 0.9 1.2 1.2

Gross job losses

55,032 60,891 59,491 63,947 65,597 4.0 4.3 4.2 4.4 4.5

At contracting establishments

38,479 44,873 44,294 46,888 49,162 2.8 3.2 3.1 3.2 3.4

At closing establishments

16,553 16,018 15,197 17,059 16,435 1.2 1.1 1.1 1.2 1.1

Net employment change (2)

41,395 12,447 14,391 16,801 18,145 2.9 0.9 1.0 1.1 1.2

Leisure and hospitality

Gross job gains

121,376 88,119 92,883 100,905 99,326 9.7 6.9 7.3 7.9 7.7

At expanding establishments

95,881 66,280 71,930 72,916 74,856 7.7 5.2 5.7 5.7 5.8

At opening establishments

25,495 21,839 20,953 27,989 24,470 2.0 1.7 1.6 2.2 1.9

Gross job losses

79,907 89,717 84,050 86,786 89,614 6.4 7.1 6.7 6.8 6.9

At contracting establishments

61,695 72,310 65,529 66,186 67,923 4.9 5.7 5.2 5.2 5.2

At closing establishments

18,212 17,407 18,521 20,600 21,691 1.5 1.4 1.5 1.6 1.7

Net employment change (2)

41,469 -1,598 8,833 14,119 9,712 3.3 -0.2 0.6 1.1 0.8

Other services (3)

Gross job gains

23,405 21,499 21,394 22,640 22,037 8.8 7.9 7.8 8.3 7.9

At expanding establishments

17,267 14,653 15,276 15,263 15,029 6.5 5.4 5.6 5.6 5.4

At opening establishments

6,138 6,846 6,118 7,377 7,008 2.3 2.5 2.2 2.7 2.5

Gross job losses

17,631 20,108 18,226 20,860 20,107 6.6 7.4 6.6 7.6 7.2

At contracting establishments

11,411 13,818 12,421 14,039 13,701 4.3 5.1 4.5 5.1 4.9

At closing establishments

6,220 6,290 5,805 6,821 6,406 2.3 2.3 2.1 2.5 2.3

Net employment change (2)

5,774 1,391 3,168 1,780 1,930 2.2 0.5 1.2 0.7 0.7

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)
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