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News Release Information

25-202-PHI
Tuesday, February 11, 2025

Contacts Technical information: Media contact:

Business Employment Dynamics in Maryland — Second Quarter 2024

From March 2024 to June 2024, gross job gains from opening and expanding private-sector establishments in Maryland were 157,499, while gross job losses from closing and contracting private-sector establishments were 144,265, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Alexandra Hall Bovee noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 13,234 jobs in the private sector during the second quarter of 2024. During the previous quarter, gross job gains exceeded gross job losses by 1,176. (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 second quarter of 2024, gross job gains represented 7.2 percent of private-sector employment in Maryland; 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 Maryland, gross job gains at expanding establishments totaled 98,336 in the second quarter of 2024, an increase of 285 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 59,163 jobs gained in the second quarter of 2024, an increase of 31,010 jobs from the previous quarter.

Gross job losses

In the second quarter of 2024, gross job losses represented 6.5 percent of private-sector employment in Maryland; 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 Maryland, contracting establishments lost 97,272 jobs in the second quarter of 2024, an increase of 504 jobs from the prior quarter. Closing establishments lost 46,993 jobs, an increase of 18,733 jobs from the previous quarter.

Industries

Gross job gains exceeded gross job losses in 7 of the 10 published industry sectors in Maryland in the second quarter of 2024. Education and health services had the largest over-the-quarter net job increase, with a gain of 7,725 jobs. This was the result of 27,616 gross job gains and 19,891 gross job losses. The professional and business services industry had a net gain of 3,626 jobs, the result of 39,429 gross job gains and 35,803 gross job losses. Construction showed a net loss of 987 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 Third Quarter 2024 are scheduled to be released on Wednesday, May 7, 2025.


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, Maryland, seasonally adjusted
Category Gross job gains and losses
(3 months ended)
Gross job gains and losses
as a percent of employment
(3 months ended)
June
2023
Sept.
2023
Dec.
2023
Mar.
2024
June
2024
June
2023
Sept.
2023
Dec.
2023
Mar.
2024
June
2024

Total private (1)

Gross job gains

145,566 137,001 136,697 126,204 157,499 6.7 6.3 6.2 5.8 7.2

At expanding establishments

113,524 98,005 105,217 98,051 98,336 5.2 4.5 4.8 4.5 4.5

At opening establishments

32,042 38,996 31,480 28,153 59,163 1.5 1.8 1.4 1.3 2.7

Gross job losses

143,399 139,447 126,936 125,028 144,265 6.6 6.4 5.8 5.7 6.5

At contracting establishments

105,942 111,977 96,709 96,768 97,272 4.9 5.1 4.4 4.4 4.4

At closing establishments

37,457 27,470 30,227 28,260 46,993 1.7 1.3 1.4 1.3 2.1

Net employment change (2)

2,167 -2,446 9,761 1,176 13,234 0.1 -0.1 0.4 0.1 0.7

Construction

Gross job gains

9,674 10,400 10,845 10,574 10,994 5.9 6.5 6.7 6.5 6.7

At expanding establishments

7,375 7,205 8,733 8,780 7,387 4.5 4.5 5.4 5.4 4.5

At opening establishments

2,299 3,195 2,112 1,794 3,607 1.4 2.0 1.3 1.1 2.2

Gross job losses

12,086 11,179 10,053 9,272 11,981 7.4 7.0 6.2 5.7 7.4

At contracting establishments

8,813 9,077 7,420 6,933 7,954 5.4 5.7 4.6 4.3 4.9

At closing establishments

3,273 2,102 2,633 2,339 4,027 2.0 1.3 1.6 1.4 2.5

Net employment change (2)

-2,412 -779 792 1,302 -987 -1.5 -0.5 0.5 0.8 -0.7

Manufacturing

Gross job gains

4,148 4,287 4,284 3,326 4,579 3.6 3.7 3.7 2.9 4.1

At expanding establishments

3,452 3,442 3,577 2,826 3,018 3.0 3.0 3.1 2.5 2.7

At opening establishments

696 845 707 500 1,561 0.6 0.7 0.6 0.4 1.4

Gross job losses

4,134 4,276 3,481 3,948 4,017 3.6 3.8 3.1 3.5 3.6

At contracting establishments

3,228 3,629 2,689 3,110 2,868 2.8 3.2 2.4 2.8 2.6

At closing establishments

906 647 792 838 1,149 0.8 0.6 0.7 0.7 1.0

Net employment change (2)

14 11 803 -622 562 0.0 -0.1 0.6 -0.6 0.5

Wholesale trade

Gross job gains

4,452 4,115 3,852 3,368 5,000 5.2 4.7 4.5 3.9 5.8

At expanding establishments

3,522 3,134 2,894 2,646 2,516 4.1 3.6 3.4 3.1 2.9

At opening establishments

930 981 958 722 2,484 1.1 1.1 1.1 0.8 2.9

Gross job losses

4,090 3,889 4,328 3,930 5,042 4.7 4.6 5.1 4.5 5.8

At contracting establishments

2,876 2,893 3,237 2,967 2,936 3.3 3.4 3.8 3.4 3.4

At closing establishments

1,214 996 1,091 963 2,106 1.4 1.2 1.3 1.1 2.4

Net employment change (2)

362 226 -476 -562 -42 0.5 0.1 -0.6 -0.6 0.0

Retail trade

Gross job gains

15,126 15,863 13,360 14,740 15,781 5.5 5.9 4.9 5.5 5.8

At expanding establishments

12,604 12,424 11,090 12,370 12,268 4.6 4.6 4.1 4.6 4.5

At opening establishments

2,522 3,439 2,270 2,370 3,513 0.9 1.3 0.8 0.9 1.3

Gross job losses

16,882 16,904 14,777 13,435 15,821 6.2 6.3 5.5 5.0 5.8

At contracting establishments

13,330 14,055 12,879 11,290 12,608 4.9 5.2 4.8 4.2 4.6

At closing establishments

3,552 2,849 1,898 2,145 3,213 1.3 1.1 0.7 0.8 1.2

Net employment change (2)

-1,756 -1,041 -1,417 1,305 -40 -0.7 -0.4 -0.6 0.5 0.0

Transportation and warehousing

Gross job gains

9,847 6,363 10,651 4,490 6,792 9.7 6.4 10.4 4.4 6.8

At expanding establishments

8,999 5,003 9,692 3,836 4,481 8.9 5.0 9.5 3.8 4.5

At opening establishments

848 1,360 959 654 2,311 0.8 1.4 0.9 0.6 2.3

Gross job losses

11,450 9,094 4,819 9,849 6,620 11.3 9.1 4.7 9.6 6.6

At contracting establishments

10,116 8,403 3,802 8,987 5,288 10.0 8.4 3.7 8.8 5.3

At closing establishments

1,334 691 1,017 862 1,332 1.3 0.7 1.0 0.8 1.3

Net employment change (2)

-1,603 -2,731 5,832 -5,359 172 -1.6 -2.7 5.7 -5.2 0.2

Information

Gross job gains

2,153 1,796 2,022 1,468 2,629 6.1 5.2 5.9 4.3 7.8

At expanding establishments

1,443 1,031 1,342 1,094 1,228 4.1 3.0 3.9 3.2 3.6

At opening establishments

710 765 680 374 1,401 2.0 2.2 2.0 1.1 4.2

Gross job losses

2,283 2,404 2,229 1,973 2,589 6.5 7.0 6.4 5.8 7.7

At contracting establishments

1,456 1,860 1,625 1,470 1,458 4.1 5.4 4.7 4.3 4.3

At closing establishments

827 544 604 503 1,131 2.4 1.6 1.7 1.5 3.4

Net employment change (2)

-130 -608 -207 -505 40 -0.4 -1.8 -0.5 -1.5 0.1

Financial activities

Gross job gains

7,953 7,018 6,402 5,473 8,338 6.3 5.5 5.1 4.3 6.7

At expanding establishments

5,983 4,615 4,121 4,182 5,088 4.7 3.6 3.3 3.3 4.1

At opening establishments

1,970 2,403 2,281 1,291 3,250 1.6 1.9 1.8 1.0 2.6

Gross job losses

7,437 7,348 7,643 6,742 7,955 5.9 5.8 6.0 5.4 6.4

At contracting establishments

5,084 5,324 5,595 4,823 4,440 4.0 4.2 4.4 3.9 3.6

At closing establishments

2,353 2,024 2,048 1,919 3,515 1.9 1.6 1.6 1.5 2.8

Net employment change (2)

516 -330 -1,241 -1,269 383 0.4 -0.3 -0.9 -1.1 0.3

Professional and business services

Gross job gains

32,698 31,166 29,848 28,449 39,429 6.8 6.6 6.3 6.1 8.2

At expanding establishments

24,528 22,260 21,789 22,054 22,556 5.1 4.7 4.6 4.7 4.7

At opening establishments

8,170 8,906 8,059 6,395 16,873 1.7 1.9 1.7 1.4 3.5

Gross job losses

34,479 32,623 32,695 29,415 35,803 7.2 6.8 6.9 6.2 7.5

At contracting establishments

25,204 25,421 23,973 21,700 22,874 5.3 5.3 5.1 4.6 4.8

At closing establishments

9,275 7,202 8,722 7,715 12,929 1.9 1.5 1.8 1.6 2.7

Net employment change (2)

-1,781 -1,457 -2,847 -966 3,626 -0.4 -0.2 -0.6 -0.1 0.7

Education and health services

Gross job gains

25,767 22,686 21,070 21,408 27,616 5.8 5.0 4.6 4.7 5.9

At expanding establishments

20,684 16,793 15,911 17,711 17,388 4.7 3.7 3.5 3.9 3.7

At opening establishments

5,083 5,893 5,159 3,697 10,228 1.1 1.3 1.1 0.8 2.2

Gross job losses

18,486 18,498 17,310 16,883 19,891 4.1 4.1 3.8 3.7 4.2

At contracting establishments

12,945 14,523 12,956 12,410 14,575 2.9 3.2 2.8 2.7 3.1

At closing establishments

5,541 3,975 4,354 4,473 5,316 1.2 0.9 1.0 1.0 1.1

Net employment change (2)

7,281 4,188 3,760 4,525 7,725 1.7 0.9 0.8 1.0 1.7

Leisure and hospitality

Gross job gains

25,822 24,626 27,138 23,692 27,272 9.8 9.4 10.2 8.8 10.2

At expanding establishments

19,770 16,170 21,058 17,010 17,726 7.5 6.2 7.9 6.3 6.6

At opening establishments

6,052 8,456 6,080 6,682 9,546 2.3 3.2 2.3 2.5 3.6

Gross job losses

24,161 26,524 22,896 23,453 25,551 9.2 10.1 8.7 8.7 9.6

At contracting establishments

17,568 21,910 17,685 18,610 17,094 6.7 8.3 6.7 6.9 6.4

At closing establishments

6,593 4,614 5,211 4,843 8,457 2.5 1.8 2.0 1.8 3.2

Net employment change (2)

1,661 -1,898 4,242 239 1,721 0.6 -0.7 1.5 0.1 0.6

Other services (3)

Gross job gains

6,570 6,936 6,158 6,004 7,025 8.2 8.5 7.4 7.1 8.3

At expanding establishments

4,098 4,503 4,138 4,546 3,878 5.1 5.5 5.0 5.4 4.6

At opening establishments

2,472 2,433 2,020 1,458 3,147 3.1 3.0 2.4 1.7 3.7

Gross job losses

6,076 5,610 5,598 5,266 7,459 7.5 6.8 6.7 6.2 8.9

At contracting establishments

3,965 3,950 3,996 3,728 4,074 4.9 4.8 4.8 4.4 4.9

At closing establishments

2,111 1,660 1,602 1,538 3,385 2.6 2.0 1.9 1.8 4.0

Net employment change (2)

494 1,326 560 738 -434 0.7 1.7 0.7 0.9 -0.6

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)
June
2023
Sept.
2023
Dec.
2023
Mar.
2024
June
2024
June
2023
Sept.
2023
Dec.
2023
Mar.
2024
June
2024

United States(1)

6.2 5.9 6.0 5.7 5.8 5.9 6.0 5.7 5.4 5.9

Alabama

6.0 6.0 6.2 5.7 5.6 5.7 6.0 5.7 5.5 5.6

Alaska

11.0 8.5 10.2 10.5 10.2 8.9 10.5 9.9 8.6 9.6

Arizona

7.0 6.8 6.5 8.4 5.6 6.3 5.7 6.6 6.4 6.8

Arkansas

5.9 5.6 6.2 5.6 5.2 6.0 5.8 5.0 5.2 5.8

California

6.8 6.4 6.4 5.8 6.1 6.4 6.5 6.4 5.6 6.8

Colorado

7.3 5.4 8.2 6.4 6.5 6.5 6.1 7.6 7.7 6.2

Connecticut

6.4 5.8 5.6 5.6 5.8 5.7 6.2 5.7 5.2 5.6

Delaware

6.4 6.0 6.1 6.0 5.9 5.8 6.5 5.8 5.1 6.5

District of Columbia

5.4 5.4 5.2 5.1 5.1 5.3 5.4 5.6 4.9 6.0

Florida

6.8 6.5 6.1 5.8 6.0 5.9 5.9 5.9 5.4 5.9

Georgia

6.3 6.1 6.2 6.0 5.7 6.4 6.1 5.7 5.7 5.7

Hawaii

5.7 5.3 6.1 5.4 5.1 5.3 6.8 5.0 5.1 5.4

Idaho

7.8 7.2 8.5 7.9 7.5 7.4 7.9 5.8 8.3 7.4

Illinois

5.4 4.8 5.0 5.1 5.2 5.2 5.3 5.1 4.8 5.3

Indiana

5.6 5.7 5.5 5.3 5.2 5.8 5.7 5.1 5.0 5.5

Iowa

6.0 5.6 6.1 6.1 5.5 5.9 5.8 5.7 5.6 5.7

Kansas

6.1 5.7 5.8 5.7 5.8 6.0 6.0 5.3 5.6 5.7

Kentucky

5.6 5.7 5.7 5.7 5.2 5.9 5.6 5.2 5.0 5.9

Louisiana

6.0 6.2 6.3 6.2 5.7 6.5 6.0 5.8 5.7 6.3

Maine

7.6 7.0 7.4 7.2 7.3 7.6 7.8 7.0 6.1 7.0

Maryland

6.7 6.3 6.2 5.8 7.2 6.6 6.4 5.8 5.7 6.5

Massachusetts

5.9 5.4 5.5 5.2 5.7 5.6 5.9 5.5 5.1 5.6

Michigan

5.9 5.2 5.5 5.4 5.7 5.3 5.9 5.5 5.2 5.6

Minnesota

6.0 3.3 6.9 5.8 5.7 5.5 4.3 6.9 5.7 5.4

Mississippi

6.4 6.2 6.1 5.7 5.8 6.5 6.2 5.7 6.1 6.3

Missouri

5.8 5.6 6.0 5.7 5.6 5.9 5.8 5.6 5.3 5.8

Montana

7.8 7.7 8.8 8.1 7.9 8.4 8.4 7.2 7.5 7.6

Nebraska

6.2 6.0 5.9 5.8 5.4 5.7 5.9 5.7 5.1 5.6

Nevada

6.5 6.5 6.7 5.9 5.8 5.9 5.6 5.4 6.2 5.7

New Hampshire

6.7 5.8 6.2 6.5 6.1 6.3 6.7 5.9 5.8 6.0

New Jersey

6.4 6.0 5.9 5.5 5.9 6.0 6.0 5.8 5.4 5.4

New Mexico

6.6 6.4 6.9 6.0 6.0 6.3 6.8 5.8 6.0 6.3

New York

6.2 5.8 5.7 5.9 5.9 5.8 6.0 5.6 5.0 5.5

North Carolina

6.1 5.7 6.3 5.4 5.6 5.7 6.1 4.9 5.5 5.7

North Dakota

6.9 6.6 6.7 6.9 6.6 6.7 6.6 6.3 6.1 6.6

Ohio

5.6 5.2 5.4 5.5 5.2 5.6 5.6 5.2 4.8 5.4

Oklahoma

6.3 6.3 6.1 5.6 5.6 6.1 6.0 5.8 5.2 6.4

Oregon

6.4 6.1 6.2 6.4 6.0 6.6 6.7 6.2 6.1 6.4

Pennsylvania

5.2 5.2 5.2 5.1 4.9 5.5 5.1 4.8 4.6 5.1

Rhode Island

6.7 6.4 6.8 6.9 6.6 6.8 6.7 6.3 5.7 6.7

South Carolina

6.4 6.6 6.2 6.4 5.9 6.6 5.7 5.3 6.3 6.4

South Dakota

6.7 6.3 6.6 6.3 6.0 6.0 6.3 5.8 5.8 6.3

Tennessee

5.8 5.6 6.2 5.5 5.5 5.5 5.7 5.5 4.9 5.7

Texas

5.8 5.7 5.7 5.4 5.4 5.4 5.5 5.2 5.1 5.3

Utah

6.9 6.9 6.6 6.7 6.4 6.4 6.6 6.5 6.0 6.6

Vermont

7.4 6.4 7.3 7.2 6.6 7.5 7.9 6.6 6.3 7.5

Virginia

6.1 5.9 5.9 5.7 5.7 5.9 6.0 5.5 5.2 5.6

Washington

6.1 5.8 6.0 5.7 5.7 5.7 6.0 5.4 5.3 5.3

West Virginia

6.1 6.5 6.5 6.9 6.6 6.4 6.6 5.8 5.7 6.8

Wisconsin

5.6 5.2 5.5 5.5 5.3 5.8 5.8 5.2 4.8 5.5

Wyoming

8.4 8.3 8.9 8.4 8.2 8.7 8.2 8.4 8.3 9.0

Puerto Rico

5.9 5.7 4.9 5.4 5.6 5.0 5.3 4.8 4.6 4.9

Virgin Islands

7.5 8.2 6.0 5.6 4.3 6.5 6.8 5.9 4.5 5.1

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, February 11, 2025