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News Release Information

23-1843-CHI
Tuesday, August 29, 2023

Contacts Technical information: Media contact:
  • (312) 353-1138

Business Employment Dynamics in South Dakota — Fourth Quarter 2022

From September 2022 to December 2022, gross job gains from opening and expanding private-sector establishments were 23,945, while gross job losses from closing and contracting private-sector establishments in South Dakota were 23,634, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Jason Palmer noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 311 jobs in the private sector during the fourth quarter of 2022. During the previous quarter, gross job gains exceeded gross job losses by 3,256. (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 2022, gross job gains represented 6.5 percent of private-sector employment in South Dakota; nationally, gross job gains accounted for 6.2 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 South Dakota, gross job gains at expanding establishments totaled 19,123 in the fourth quarter of 2022, a decrease of 2,002 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 4,822 jobs gained in the fourth quarter of 2022, a decrease of 959 jobs from the previous quarter.


Gross job losses

In the fourth quarter of 2022, gross job losses represented 6.4 percent of private-sector employment in South Dakota; 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 South Dakota, contracting establishments lost 19,703 jobs in the fourth quarter of 2022, an increase of 561 jobs from the prior quarter. Closing establishments lost 3,931 jobs, a decrease of 577 jobs from the previous quarter.


Industries

Gross job gains exceeded gross job losses in 4 of the 7 industry sectors in South Dakota in the fourth quarter of 2022. Construction had the largest over-the-quarter net job increase, with a gain of 305 jobs. This was the result of 3,104 gross job gains and 2,799 gross job losses. The wholesale trade industry had a net gain of 118 jobs. Professional and business services showed a net loss of 338 jobs, the largest loss of any sector in the state. South Dakota’s financial activities industry sector had a net loss of 164 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 2023 are scheduled to be released on Wednesday, October 25, 2023.

Revisions to Business Employment Dynamics (BED) Data

The release of First Quarter 2023 Business Employment Dynamics data, scheduled for October 25, 2023, will incorporate annual revisions in accordance with standard procedures. The revisions will 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, South Dakota, seasonally adjusted
CategoryGross job gains and losses
(3 months ended)
Gross job gains and losses
as a percent of employment
(3 months ended)
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Dec.
2022

Total private (1)

Gross job gains

26,00228,21024,33726,90623,9457.27.76.67.36.5

At expanding establishments

21,22522,78919,79621,12519,1235.96.25.45.75.2

At opening establishments

4,7775,4214,5415,7814,8221.31.51.21.61.3

Gross job losses

21,49222,32424,81123,65023,6345.96.16.86.46.4

At contracting establishments

17,80418,28219,81119,14219,7034.95.05.45.25.3

At closing establishments

3,6884,0425,0004,5083,9311.01.11.41.21.1

Net employment change (2)

4,5105,886-4743,2563111.31.6-0.20.90.1

Construction

Gross job gains

3,2483,2672,9473,0083,10412.812.311.211.711.8

At expanding establishments

2,4792,5222,3942,4322,4299.89.59.19.59.2

At opening establishments

7697455535766753.02.82.12.22.6

Gross job losses

2,3812,8442,9472,8332,7999.510.811.211.010.6

At contracting establishments

1,8882,3252,3122,2932,3197.58.88.88.98.8

At closing establishments

4935196355404802.02.02.42.11.8

Net employment change (2)

86742301753053.31.50.00.71.2

Wholesale trade

Gross job gains

1,0961,1501,2701,3091,1615.15.35.95.95.2

At expanding establishments

9199231,0621,0419374.34.34.94.74.2

At opening establishments

1772272082682240.81.01.01.21.0

Gross job losses

8451,1699641,0481,0434.05.54.54.74.6

At contracting establishments

7249857788858103.44.63.64.03.6

At closing establishments

1211841861632330.60.90.90.71.0

Net employment change (2)

251-193062611181.1-0.21.41.20.6

Retail trade

Gross job gains

3,4863,9503,1343,5123,0096.77.55.96.65.7

At expanding establishments

3,1553,4772,7002,9112,7126.16.65.15.55.1

At opening establishments

3314734346012970.60.90.81.10.6

Gross job losses

2,8992,5373,7273,3082,9585.64.87.06.35.6

At contracting establishments

2,6802,2253,0362,9082,7425.24.25.75.55.2

At closing establishments

2193126914002160.40.61.30.80.4

Net employment change (2)

5871,413-593204511.12.7-1.10.30.1

Financial activities

Gross job gains

1,2411,3901,2751,5151,1604.55.14.65.54.2

At expanding establishments

9581,1209611,0407973.54.13.53.82.9

At opening establishments

2832703144753631.01.01.11.71.3

Gross job losses

1,3801,4001,3741,3061,3245.05.15.04.84.8

At contracting establishments

1,1301,2039861,0341,0554.14.43.63.83.8

At closing establishments

2501973882722690.90.71.41.01.0

Net employment change (2)

-139-10-99209-164-0.50.0-0.40.7-0.6

Professional and business services

Gross job gains

3,5843,7373,0684,0872,98710.210.48.411.08.0

At expanding establishments

2,5262,8522,2362,5561,9737.27.96.16.95.3

At opening establishments

1,0588858321,5311,0143.02.52.34.12.7

Gross job losses

2,8142,5603,1093,0923,3258.07.28.58.48.9

At contracting establishments

1,9031,8942,1812,1422,5865.45.36.05.86.9

At closing establishments

9116669289507392.61.92.52.62.0

Net employment change (2)

7701,177-41995-3382.23.2-0.12.6-0.9

Leisure and hospitality

Gross job gains

5,7696,7055,2075,7515,06912.313.910.812.010.5

At expanding establishments

4,6045,1104,0294,5173,8719.810.68.49.48.0

At opening establishments

1,1651,5951,1781,2341,1982.53.32.42.62.5

Gross job losses

4,7844,8656,3785,4095,13310.210.113.211.310.7

At contracting establishments

4,0003,7775,3964,2064,4168.57.811.28.89.2

At closing establishments

7841,0889821,2037171.72.32.02.51.5

Net employment change (2)

9851,840-1,171342-642.13.8-2.40.7-0.2

Other services (3)

Gross job gains

9251,0941,0741,1311,0158.09.49.19.48.3

At expanding establishments

7138408538707846.27.27.27.26.4

At opening establishments

2122542212612311.82.21.92.21.9

Gross job losses

7327658549769176.46.67.18.17.6

At contracting establishments

5266056238217404.65.25.26.86.1

At closing establishments

2061602311551771.81.41.91.31.5

Net employment change (2)

193329220155981.62.82.01.30.7

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
CategoryGross job gains as a percent of employment
(3 months ended)
Gross job losses as a percent of employment
(3 months ended)
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Dec.
2022

United States(1)

7.76.66.46.86.25.45.46.75.85.9

Alabama

7.66.26.67.16.55.26.07.06.26.0

Alaska

11.810.110.18.610.98.79.39.610.39.3

Arizona

6.86.86.77.96.75.05.77.35.56.1

Arkansas

7.85.95.66.46.14.85.46.05.55.3

California

8.57.46.66.76.55.55.67.26.16.6

Colorado

7.67.57.35.07.66.16.36.75.86.9

Connecticut

6.96.36.36.35.95.35.36.56.26.0

Delaware

8.27.36.58.66.76.05.68.26.17.6

District of Columbia

7.36.06.07.25.64.94.96.84.85.6

Florida

7.76.57.57.86.26.05.76.95.56.1

Georgia

7.96.86.67.06.55.55.76.76.05.9

Hawaii

7.16.15.96.26.05.15.15.94.84.8

Idaho

8.58.57.18.58.46.36.29.17.56.9

Illinois

7.56.25.96.05.44.95.05.95.35.2

Indiana

7.36.05.66.45.74.74.86.85.55.2

Iowa

6.66.55.85.86.45.45.36.76.06.3

Kansas

7.66.26.57.66.35.35.47.55.65.6

Kentucky

7.46.66.36.75.94.95.08.75.45.3

Louisiana

9.66.56.67.36.05.87.17.35.76.5

Maine

8.28.017.77.47.36.96.18.17.46.9

Maryland

7.36.66.77.56.45.35.98.16.06.7

Massachusetts

7.06.66.16.25.55.75.15.46.15.8

Michigan

7.56.36.05.75.95.25.16.55.95.2

Minnesota

7.36.06.66.86.25.25.47.16.06.0

Mississippi

7.96.16.57.26.85.76.07.06.36.2

Missouri

7.46.56.36.86.05.55.45.96.35.8

Montana

9.99.38.28.59.27.28.59.47.77.8

Nebraska

7.06.86.06.95.95.85.96.66.25.7

Nevada

8.36.86.97.66.44.85.26.75.76.2

New Hampshire

7.67.76.66.96.76.45.47.96.76.0

New Jersey

8.77.16.56.86.85.45.56.36.35.9

New Mexico

8.27.46.57.76.56.36.27.15.96.2

New York

7.76.77.16.76.05.45.26.66.06.2

North Carolina

8.16.56.36.65.95.05.36.25.95.4

North Dakota

7.67.56.87.66.46.56.56.76.46.7

Ohio

7.06.15.75.85.95.24.86.35.65.8

Oklahoma

7.66.36.47.16.65.95.76.25.56.0

Oregon

7.87.56.16.76.56.15.77.18.66.4

Pennsylvania

6.86.35.56.15.54.84.95.65.25.1

Rhode Island

8.57.97.06.76.96.65.77.37.46.5

South Carolina

7.96.96.47.37.05.36.26.95.66.2

South Dakota

7.27.76.67.36.55.96.16.86.46.4

Tennessee

7.36.66.37.05.85.64.76.45.45.7

Texas

7.76.36.57.46.24.85.46.15.25.3

Utah

7.57.87.07.96.86.05.96.86.76.6

Vermont

8.18.07.37.27.86.96.38.48.07.1

Virginia

7.26.46.57.56.25.35.87.06.15.8

Washington

7.87.37.07.15.95.35.07.16.15.3

West Virginia

7.97.36.36.86.76.05.97.96.56.6

Wisconsin

6.66.55.96.16.15.24.86.85.95.6

Wyoming

10.18.98.49.29.27.88.39.18.58.0

Puerto Rico

6.47.06.56.26.75.54.96.15.26.1

Virgin Islands

8.06.98.87.96.09.510.312.64.94.3

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

 

Last Modified Date: Tuesday, August 29, 2023