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News Release Information

23-2340-PHI
Tuesday, October 31, 2023

Contacts Technical information: Media contact:

Business Employment Dynamics in Virginia — First Quarter 2023

From December 2022 to March 2023, gross job gains from opening and expanding private-sector establishments in Virginia were 202,603, while gross job losses from closing and contracting private-sector establishments were 172,074, 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 30,529 jobs in the private sector during the first quarter of 2023. During the previous quarter, gross job gains exceeded gross job losses by 15,770. (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 first quarter of 2023, gross job gains represented 6.2 percent of private-sector employment both in Virginia and nationally. (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 Virginia, gross job gains at expanding establishments totaled 157,153 in the first quarter of 2023, a decrease of 4,734 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 45,450 jobs gained in the first quarter of 2023, an increase of 1,411 jobs from the previous quarter.

Gross job losses

In the first quarter of 2023, gross job losses represented 5.2 percent of private-sector employment in Virginia; 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 Virginia, contracting establishments lost 135,885 jobs in the first quarter of 2023, a decrease of 5,478 jobs from the prior quarter. Closing establishments lost 36,189 jobs, a decrease of 12,604 jobs from the previous quarter.

Industries

Gross job gains exceeded gross job losses in 9 of the 11 industry sectors in Virginia in the first quarter of 2023. Education and health services had the largest over-the-quarter net job increase, with a gain of 9,656 jobs. This was the result of 31,081 gross job gains and 21,425 gross job losses. The leisure and hospitality industry had a net gain of 7,940 jobs. Transportation and warehousing showed a net loss of 1,927 jobs, the largest loss of any sector in the state. This was the result of 8,646 gross job losses and 6,719 gross job gains.

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 Second Quarter 2023 are scheduled to be released on Tuesday, January 30, 2024.

Revisions to Business Employment Dynamics (BED) Data

Data in this release contains annual revisions in accordance with standard procedures. These revisions include the previous four quarters of not seasonally adjusted data and five years of seasonally adjusted data.


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 units with positive third month employment in the previous quarter and either not reported, or reported with zero employment, 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, Virginia, seasonally adjusted
Category Gross job gains and losses
(3 months ended)
Gross job gains and losses
as a percent of employment
(3 months ended)
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Mar.
2023
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Mar.
2023

Total private (1)

Gross job gains

212,051 209,495 242,676 205,926 202,603 6.6 6.5 7.5 6.2 6.2

At expanding establishments

168,719 157,857 179,280 161,887 157,153 5.3 4.9 5.5 4.9 4.8

At opening establishments

43,332 51,638 63,396 44,039 45,450 1.3 1.6 2.0 1.3 1.4

Gross job losses

186,166 216,108 196,198 190,156 172,074 5.8 6.7 6.1 5.8 5.2

At contracting establishments

141,664 157,833 151,510 141,363 135,885 4.4 4.9 4.7 4.3 4.1

At closing establishments

44,502 58,275 44,688 48,793 36,189 1.4 1.8 1.4 1.5 1.1

Net employment change (2)

25,885 -6,613 46,478 15,770 30,529 0.8 -0.2 1.4 0.4 1.0

Construction

Gross job gains

16,147 13,962 16,830 15,092 15,123 7.7 6.8 8.2 7.2 7.1

At expanding establishments

12,585 10,539 12,534 11,916 11,743 6.0 5.1 6.1 5.7 5.5

At opening establishments

3,562 3,423 4,296 3,176 3,380 1.7 1.7 2.1 1.5 1.6

Gross job losses

14,840 15,765 13,444 13,642 13,293 7.2 7.6 6.5 6.4 6.3

At contracting establishments

10,979 11,208 10,271 9,981 10,366 5.3 5.4 5.0 4.7 4.9

At closing establishments

3,861 4,557 3,173 3,661 2,927 1.9 2.2 1.5 1.7 1.4

Net employment change (2)

1,307 -1,803 3,386 1,450 1,830 0.5 -0.8 1.7 0.8 0.8

Manufacturing

Gross job gains

8,128 8,094 8,285 7,582 7,364 3.4 3.4 3.5 3.1 3.1

At expanding establishments

7,223 6,953 6,680 6,515 6,500 3.0 2.9 2.8 2.7 2.7

At opening establishments

905 1,141 1,605 1,067 864 0.4 0.5 0.7 0.4 0.4

Gross job losses

5,869 6,950 7,978 8,143 6,445 2.4 2.8 3.3 3.4 2.7

At contracting establishments

4,932 5,395 6,950 6,925 5,553 2.0 2.2 2.9 2.9 2.3

At closing establishments

937 1,555 1,028 1,218 892 0.4 0.6 0.4 0.5 0.4

Net employment change (2)

2,259 1,144 307 -561 919 1.0 0.6 0.2 -0.3 0.4

Wholesale trade

Gross job gains

5,806 5,547 7,032 4,975 5,393 5.3 5.1 6.3 4.4 4.8

At expanding establishments

4,911 4,375 5,147 4,109 4,605 4.5 4.0 4.6 3.6 4.1

At opening establishments

895 1,172 1,885 866 788 0.8 1.1 1.7 0.8 0.7

Gross job losses

4,647 5,744 4,565 4,490 4,483 4.3 5.2 4.1 4.0 3.9

At contracting establishments

3,375 3,706 3,615 3,481 3,441 3.1 3.4 3.2 3.1 3.0

At closing establishments

1,272 2,038 950 1,009 1,042 1.2 1.8 0.9 0.9 0.9

Net employment change (2)

1,159 -197 2,467 485 910 1.0 -0.1 2.2 0.4 0.9

Retail trade

Gross job gains

23,847 20,307 23,505 20,041 21,090 6.1 5.1 6.0 5.1 5.4

At expanding establishments

21,515 17,858 20,680 17,313 19,229 5.5 4.5 5.3 4.4 4.9

At opening establishments

2,332 2,449 2,825 2,728 1,861 0.6 0.6 0.7 0.7 0.5

Gross job losses

18,801 26,108 24,788 22,912 18,217 4.8 6.5 6.3 5.8 4.7

At contracting establishments

15,700 22,390 21,216 20,030 15,912 4.0 5.6 5.4 5.1 4.1

At closing establishments

3,101 3,718 3,572 2,882 2,305 0.8 0.9 0.9 0.7 0.6

Net employment change (2)

5,046 -5,801 -1,283 -2,871 2,873 1.3 -1.4 -0.3 -0.7 0.7

Transportation and warehousing

Gross job gains

7,766 6,551 9,988 11,531 6,719 5.5 4.7 7.1 8.0 4.6

At expanding establishments

6,793 5,298 8,676 10,374 5,656 4.8 3.8 6.2 7.2 3.9

At opening establishments

973 1,253 1,312 1,157 1,063 0.7 0.9 0.9 0.8 0.7

Gross job losses

9,329 8,857 6,805 6,860 8,646 6.6 6.4 4.9 4.8 5.9

At contracting establishments

8,447 7,318 5,884 5,635 7,652 6.0 5.3 4.2 3.9 5.2

At closing establishments

882 1,539 921 1,225 994 0.6 1.1 0.7 0.9 0.7

Net employment change (2)

-1,563 -2,306 3,183 4,671 -1,927 -1.1 -1.7 2.2 3.2 -1.3

Information

Gross job gains

3,509 4,059 4,570 3,348 3,145 5.1 5.9 6.6 4.8 4.5

At expanding establishments

2,962 3,303 3,386 2,425 2,541 4.3 4.8 4.9 3.5 3.6

At opening establishments

547 756 1,184 923 604 0.8 1.1 1.7 1.3 0.9

Gross job losses

2,913 3,919 3,599 3,708 3,286 4.3 5.7 5.2 5.3 4.7

At contracting establishments

2,293 2,712 2,360 2,724 2,631 3.4 3.9 3.4 3.9 3.8

At closing establishments

620 1,207 1,239 984 655 0.9 1.8 1.8 1.4 0.9

Net employment change (2)

596 140 971 -360 -141 0.8 0.2 1.4 -0.5 -0.2

Financial activities

Gross job gains

10,573 10,141 14,156 10,969 10,315 5.3 5.1 7.0 5.4 5.1

At expanding establishments

8,436 8,147 10,307 8,399 8,249 4.2 4.1 5.1 4.1 4.1

At opening establishments

2,137 1,994 3,849 2,570 2,066 1.1 1.0 1.9 1.3 1.0

Gross job losses

9,887 11,233 10,367 11,142 9,359 5.0 5.6 5.1 5.5 4.6

At contracting establishments

7,167 7,872 7,656 8,414 7,398 3.6 3.9 3.8 4.2 3.6

At closing establishments

2,720 3,361 2,711 2,728 1,961 1.4 1.7 1.3 1.3 1.0

Net employment change (2)

686 -1,092 3,789 -173 956 0.3 -0.5 1.9 -0.1 0.5

Professional and business services

Gross job gains

51,367 53,407 59,439 45,470 45,971 6.5 6.8 7.5 5.7 5.8

At expanding establishments

41,167 39,431 43,034 35,467 35,764 5.2 5.0 5.4 4.4 4.5

At opening establishments

10,200 13,976 16,405 10,003 10,207 1.3 1.8 2.1 1.3 1.3

Gross job losses

47,472 52,633 47,815 49,924 42,928 6.0 6.7 6.0 6.2 5.3

At contracting establishments

36,516 36,420 37,220 36,005 33,106 4.6 4.6 4.7 4.5 4.1

At closing establishments

10,956 16,213 10,595 13,919 9,822 1.4 2.1 1.3 1.7 1.2

Net employment change (2)

3,895 774 11,624 -4,454 3,043 0.5 0.1 1.5 -0.5 0.5

Education and health services

Gross job gains

30,277 31,554 35,601 29,922 31,081 6.0 6.2 6.9 5.7 5.9

At expanding establishments

24,295 22,114 25,725 22,619 23,088 4.8 4.3 5.0 4.3 4.4

At opening establishments

5,982 9,440 9,876 7,303 7,993 1.2 1.9 1.9 1.4 1.5

Gross job losses

26,682 27,941 26,762 27,669 21,425 5.3 5.5 5.1 5.2 4.0

At contracting establishments

18,267 20,282 17,306 17,528 15,953 3.6 4.0 3.3 3.3 3.0

At closing establishments

8,415 7,659 9,456 10,141 5,472 1.7 1.5 1.8 1.9 1.0

Net employment change (2)

3,595 3,613 8,839 2,253 9,656 0.7 0.7 1.8 0.5 1.9

Leisure and hospitality

Gross job gains

34,627 36,052 43,050 38,859 37,162 9.0 9.4 11.2 9.9 9.2

At expanding establishments

27,575 28,258 32,621 31,524 28,927 7.2 7.4 8.5 8.0 7.2

At opening establishments

7,052 7,794 10,429 7,335 8,235 1.8 2.0 2.7 1.9 2.0

Gross job losses

31,624 40,579 35,612 27,818 29,222 8.2 10.7 9.3 7.1 7.3

At contracting establishments

24,586 30,361 29,047 21,690 23,737 6.4 8.0 7.6 5.5 5.9

At closing establishments

7,038 10,218 6,565 6,128 5,485 1.8 2.7 1.7 1.6 1.4

Net employment change (2)

3,003 -4,527 7,438 11,041 7,940 0.8 -1.3 1.9 2.8 1.9

Other services (3)

Gross job gains

9,219 9,345 9,824 8,994 8,484 7.7 7.8 8.2 7.4 6.9

At expanding establishments

7,178 6,869 6,592 6,555 6,130 6.0 5.7 5.5 5.4 5.0

At opening establishments

2,041 2,476 3,232 2,439 2,354 1.7 2.1 2.7 2.0 1.9

Gross job losses

8,726 9,898 8,392 7,716 8,121 7.3 8.2 7.0 6.3 6.7

At contracting establishments

6,012 6,141 6,200 5,479 6,086 5.0 5.1 5.2 4.5 5.0

At closing establishments

2,714 3,757 2,192 2,237 2,035 2.3 3.1 1.8 1.8 1.7

Net employment change (2)

493 -553 1,432 1,278 363 0.4 -0.4 1.2 1.1 0.2

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)
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Mar.
2023
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Mar.
2023

United States(1)

6.7 6.6 6.9 6.3 6.2 5.5 6.2 5.9 5.9 5.4

Alabama

6.4 6.6 6.9 6.6 6.4 5.9 6.2 5.9 6.1 5.5

Alaska

10.2 10.2 8.5 10.9 10.4 9.5 9.0 10.4 9.2 8.0

Arizona

6.7 6.5 7.1 6.6 5.9 5.7 6.3 5.5 6.0 5.4

Arkansas

6.3 6.1 6.5 6.2 5.8 5.6 5.5 5.2 5.2 5.0

California

7.3 6.8 6.8 6.6 6.1 5.7 6.7 6.2 6.6 6.4

Colorado

7.5 7.3 7.0 7.6 7.2 6.3 6.6 7.1 6.9 6.5

Connecticut

6.3 6.4 6.3 5.9 6.1 5.3 6.3 6.2 5.9 5.3

Delaware

7.3 6.5 8.6 7.0 6.7 5.5 6.9 6.2 7.5 5.2

District of Columbia

6.1 6.1 7.2 5.6 5.9 5.1 6.3 5.0 5.5 4.8

Florida

6.5 7.5 7.8 6.2 6.3 5.7 6.3 5.6 6.0 5.6

Georgia

7.7 6.8 7.1 6.7 6.2 5.8 6.2 5.9 5.9 5.8

Hawaii

6.3 6.0 6.4 6.0 5.5 5.1 5.5 4.9 4.9 5.0

Idaho

8.6 7.1 7.8 8.4 7.9 6.2 8.4 7.5 6.9 7.5

Illinois

6.3 5.9 5.8 5.4 5.8 5.2 5.5 5.3 5.1 4.8

Indiana

5.9 5.7 6.4 5.7 5.5 4.9 5.9 5.5 5.2 5.0

Iowa

6.5 5.9 5.9 6.4 6.0 5.4 6.2 5.9 6.2 5.4

Kansas

6.4 6.5 7.4 6.3 6.1 5.5 7.1 5.5 5.6 5.4

Kentucky

6.7 6.3 6.6 6.0 6.1 5.7 6.5 5.4 5.3 4.9

Louisiana

6.7 6.7 6.9 6.1 6.3 6.3 6.4 5.7 6.2 5.6

Maine

8.5 7.2 7.6 7.4 7.7 6.3 8.0 7.3 6.8 6.2

Maryland

6.7 6.5 7.4 6.6 6.8 6.9 6.9 6.0 6.9 5.6

Massachusetts

6.8 6.1 6.2 5.5 5.8 5.1 5.5 6.1 5.8 4.7

Michigan

6.3 6.0 5.7 5.9 5.7 4.9 5.9 5.8 5.2 4.9

Minnesota

6.2 6.4 6.5 5.9 5.7 5.4 6.4 5.9 5.8 4.9

Mississippi

6.3 6.6 7.2 6.8 6.1 6.2 6.7 6.3 6.2 5.7

Missouri

6.5 6.2 6.8 6.1 6.5 5.4 5.9 6.3 5.8 5.1

Montana

9.3 8.2 8.7 9.2 8.7 7.6 9.1 7.8 7.8 7.1

Nebraska

6.8 6.4 7.1 6.0 6.3 5.9 6.5 6.1 5.7 5.1

Nevada

6.8 6.9 7.4 6.4 6.2 5.5 5.7 5.8 6.1 5.7

New Hampshire

7.7 6.7 6.9 6.7 7.0 5.6 6.7 6.7 6.0 5.9

New Jersey

7.1 6.6 6.8 6.8 6.1 5.7 6.2 6.4 5.9 5.7

New Mexico

7.6 6.7 8.0 6.7 6.8 6.2 7.1 5.9 6.2 5.9

New York

6.8 7.1 6.6 5.9 6.5 5.4 6.1 5.9 6.0 5.1

North Carolina

6.6 6.4 6.7 6.6 6.4 5.4 6.1 5.8 5.7 5.3

North Dakota

7.5 6.9 7.6 6.4 7.6 6.4 6.5 6.3 6.7 5.6

Ohio

6.4 5.9 5.8 5.9 5.8 4.9 5.9 5.5 5.7 4.9

Oklahoma

6.4 6.7 7.4 6.6 6.3 6.0 6.1 5.6 5.9 5.3

Oregon

7.6 6.0 6.7 6.5 7.3 5.6 7.0 6.0 6.2 6.1

Pennsylvania

6.3 5.5 6.1 5.5 5.5 4.8 5.6 5.1 5.2 4.6

Rhode Island

7.9 7.1 6.7 6.9 7.5 6.0 6.7 7.3 6.4 5.9

South Carolina

7.1 6.6 7.3 6.9 6.8 6.1 6.2 5.6 6.2 5.8

South Dakota

7.7 6.6 7.3 6.5 7.2 6.1 6.5 6.4 6.5 5.9

Tennessee

6.6 6.2 7.0 5.8 5.9 4.8 6.2 5.5 5.6 5.0

Texas

6.3 6.6 7.2 6.2 5.9 5.3 5.8 5.3 5.3 5.0

Utah

7.9 7.0 7.5 6.9 7.0 5.9 6.6 6.8 6.6 6.2

Vermont

8.8 7.5 7.2 7.8 8.2 6.4 7.6 7.8 7.0 6.0

Virginia

6.6 6.5 7.5 6.2 6.2 5.8 6.7 6.1 5.8 5.2

Washington

7.3 7.0 7.2 5.9 6.4 5.4 7.2 6.3 5.3 5.5

West Virginia

7.4 6.7 8.1 6.6 7.1 6.1 8.0 6.9 6.4 5.3

Wisconsin

6.6 6.0 6.0 6.0 6.0 4.8 6.0 5.8 5.5 4.9

Wyoming

9.2 8.4 9.2 9.2 8.9 8.3 9.2 8.4 7.9 7.8

Puerto Rico

7.4 6.7 6.2 6.6 5.1 5.0 6.1 5.3 6.1 5.7

Virgin Islands

7.4 8.0 8.5 5.9 7.5 8.8 9.2 5.5 4.7 6.5

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, October 31, 2023