Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

News Release Information

24-2255-CHI
Thursday, November 07, 2024

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

Business Employment Dynamics in Minnesota — First Quarter 2024

From December 2023 to March 2024, gross job gains from opening and expanding private-sector establishments in Minnesota were 147,189, while gross job losses from closing and contracting private-sector establishments were 145,765, 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 1,424 jobs in the private sector during the first quarter of 2024. During the previous quarter, gross job losses exceeded gross job gains by 692. (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 first quarter of 2024, gross job gains represented 5.8 percent of private-sector employment in Minnesota; nationally, gross job gains accounted for 5.7 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 Minnesota, gross job gains at expanding establishments totaled 119,177 in the first quarter of 2024, a decrease of 27,875 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 28,012 jobs gained in the first quarter of 2024, an increase of 2,207 jobs from the previous quarter.


Gross job losses

In the first quarter of 2024, gross job losses represented 5.7 percent of private-sector employment in Minnesota; 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 Minnesota, contracting establishments lost 106,831 jobs in the first quarter of 2024, a decrease of 30,340 jobs from the prior quarter. Closing establishments lost 38,934 jobs, an increase of 2,556 jobs from the previous quarter.


Industries

Gross job gains exceeded gross job losses in 4 of the 11 industry sectors in Minnesota in the first quarter of 2024. Education and health services had the largest over-the-quarter net job increase, with a gain of 4,227 jobs. This was the result of 25,508 gross job gains and 21,281 gross job losses. Retail trade showed the second-largest net gain (3,067 jobs), followed by leisure and hospitality (2,902 jobs). Transportation and warehousing showed a net loss of 2,601 jobs, the largest loss of any sector in the state. Minnesota’s manufacturing industry sector had a net loss of 2,564 jobs, followed by professional and business services with a net loss of 2,361.

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 Second Quarter 2024 are scheduled to be released on Wednesday, January 29, 2025.

Revisions to Business Employment Dynamics (BED) Data

Data in this release contain 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.

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

Total private (1)

Gross job gains

144,982152,62883,684172,857147,1895.86.03.36.95.8

At expanding establishments

117,013126,36656,335147,052119,1774.75.02.25.94.7

At opening establishments

27,96926,26227,34925,80528,0121.11.01.11.01.1

Gross job losses

120,964139,937108,074173,549145,7654.85.54.36.95.7

At contracting establishments

103,274111,22289,784137,171106,8314.14.43.65.54.2

At closing establishments

17,69028,71518,29036,37838,9340.71.10.71.41.5

Net employment change (2)

24,01812,691-24,390-6921,4241.00.5-1.00.00.1

Construction

Gross job gains

15,80116,6596,82519,92715,94011.812.15.114.911.6

At expanding establishments

12,18314,1224,56717,29413,0489.110.33.412.99.5

At opening establishments

3,6182,5372,2582,6332,8922.71.81.72.02.1

Gross job losses

12,01314,06312,54215,99514,3438.910.29.311.910.4

At contracting establishments

10,64411,11210,78313,00710,8117.98.18.09.77.8

At closing establishments

1,3692,9511,7592,9883,5321.02.11.32.22.6

Net employment change (2)

3,7882,596-5,7173,9321,5972.91.9-4.23.01.2

Manufacturing

Gross job gains

10,66610,2666,12912,3228,5283.33.21.93.82.7

At expanding establishments

9,7889,6825,49911,3947,6733.03.01.73.52.4

At opening establishments

8785846309288550.30.20.20.30.3

Gross job losses

9,78510,9807,58313,08411,0923.03.42.34.03.4

At contracting establishments

8,86710,0375,52011,8249,1142.73.11.73.62.8

At closing establishments

9189432,0631,2601,9780.30.30.60.40.6

Net employment change (2)

881-714-1,454-762-2,5640.3-0.2-0.4-0.2-0.7

Wholesale trade

Gross job gains

5,5915,7402,5837,3236,3464.24.32.05.54.8

At expanding establishments

4,1694,6641,4386,3495,2823.13.51.14.84.0

At opening establishments

1,4221,0761,1459741,0641.10.80.90.70.8

Gross job losses

4,8325,5493,3086,8446,3583.64.22.55.14.8

At contracting establishments

3,9974,4962,6085,0954,4653.03.42.03.83.4

At closing establishments

8351,0537001,7491,8930.60.80.51.31.4

Net employment change (2)

759191-725479-120.60.1-0.50.40.0

Retail trade

Gross job gains

16,75416,90010,84915,41117,9506.05.93.85.56.3

At expanding establishments

14,79714,8939,16013,73215,0695.35.23.24.95.3

At opening establishments

1,9572,0071,6891,6792,8810.70.70.60.61.0

Gross job losses

13,66914,85315,05218,67614,8834.85.25.36.75.2

At contracting establishments

12,13412,82513,63015,96811,9924.34.54.85.74.2

At closing establishments

1,5352,0281,4222,7082,8910.50.70.51.01.0

Net employment change (2)

3,0852,047-4,203-3,2653,0671.20.7-1.5-1.21.1

Transportation and warehousing

Gross job gains

5,4465,7384,4189,7545,4085.55.94.69.85.5

At expanding establishments

4,6214,7523,8818,2794,5504.74.94.08.34.6

At opening establishments

8259865371,4758580.81.00.61.50.9

Gross job losses

5,9765,6194,6155,9348,0096.25.84.75.98.1

At contracting establishments

5,6154,9514,0874,9976,7625.85.14.25.06.8

At closing establishments

3616685289371,2470.40.70.50.91.3

Net employment change (2)

-530119-1973,820-2,601-0.70.1-0.13.9-2.6

Information

Gross job gains

1,8701,9671,0702,3911,6864.14.42.45.53.8

At expanding establishments

1,2351,2495271,7831,1892.72.81.24.12.7

At opening establishments

6357185436084971.41.61.21.41.1

Gross job losses

2,0582,2761,7803,0722,3694.65.04.07.05.4

At contracting establishments

1,7071,6311,2002,1361,8033.83.62.74.94.1

At closing establishments

3516455809365660.81.41.32.11.3

Net employment change (2)

-188-309-710-681-683-0.5-0.6-1.6-1.5-1.6

Financial activities

Gross job gains

5,6648,2554,4027,7985,6513.24.72.54.53.2

At expanding establishments

4,4026,7382,9366,5264,2072.53.81.73.82.4

At opening establishments

1,2621,5171,4661,2721,4440.70.90.80.70.8

Gross job losses

5,8187,5496,9078,9016,8793.34.34.05.13.9

At contracting establishments

4,7675,4915,7446,7354,9082.73.13.33.92.8

At closing establishments

1,0512,0581,1632,1661,9710.61.20.71.21.1

Net employment change (2)

-154706-2,505-1,103-1,228-0.10.4-1.5-0.6-0.7

Professional and business services

Gross job gains

22,10323,49010,32724,53620,1275.76.02.76.55.4

At expanding establishments

16,53518,7624,91020,75215,6514.34.81.35.54.2

At opening establishments

5,5684,7285,4173,7844,4761.41.21.41.01.2

Gross job losses

19,78724,48218,48033,72322,4885.16.34.88.96.1

At contracting establishments

16,44318,87715,11026,21615,8984.24.93.96.94.3

At closing establishments

3,3445,6053,3707,5076,5900.91.40.92.01.8

Net employment change (2)

2,316-992-8,153-9,187-2,3610.6-0.3-2.1-2.4-0.7

Education and health services

Gross job gains

23,00023,89215,65629,01125,5084.34.42.95.34.6

At expanding establishments

19,62720,1649,83024,20920,9153.73.71.84.43.8

At opening establishments

3,3733,7285,8264,8024,5930.60.71.10.90.8

Gross job losses

16,06019,3989,69325,89521,2813.03.61.84.73.9

At contracting establishments

13,30414,5507,93718,58614,7172.52.71.53.42.7

At closing establishments

2,7564,8481,7567,3096,5640.50.90.31.31.2

Net employment change (2)

6,9404,4945,9633,1164,2271.30.81.10.60.7

Leisure and hospitality

Gross job gains

27,61128,71014,95832,26729,69010.510.75.612.111.1

At expanding establishments

21,29722,4609,61326,41323,4658.18.43.69.98.8

At opening establishments

6,3146,2505,3455,8546,2252.42.32.02.22.3

Gross job losses

22,05325,65721,06529,65926,7888.49.57.911.110.0

At contracting establishments

18,51820,48317,70323,54218,6707.17.66.68.87.0

At closing establishments

3,5355,1743,3626,1178,1181.31.91.32.33.0

Net employment change (2)

5,5583,053-6,1072,6082,9022.11.2-2.31.01.1

Other services (3)

Gross job gains

7,0647,2673,7247,6897,0088.58.64.39.08.2

At expanding establishments

5,5965,7521,9846,4445,2846.76.82.37.56.2

At opening establishments

1,4681,5151,7401,2451,7241.81.82.01.52.0

Gross job losses

5,4305,7574,5117,9287,3416.56.75.39.28.6

At contracting establishments

4,1144,2003,5165,9344,6074.94.94.16.95.4

At closing establishments

1,3161,5579951,9942,7341.61.81.22.33.2

Net employment change (2)

1,6341,510-787-239-3332.01.9-1.0-0.2-0.4

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

United States(1)

6.36.25.96.05.75.55.96.05.75.4

Alabama

6.56.06.06.25.75.65.76.05.75.5

Alaska

10.511.08.510.210.58.68.910.59.98.6

Arizona

6.07.06.86.58.45.66.35.76.66.4

Arkansas

5.85.95.66.25.65.16.05.85.05.2

California

6.36.86.46.45.86.66.46.56.45.6

Colorado

7.27.35.48.26.46.56.56.17.67.7

Connecticut

6.26.45.85.65.65.15.76.25.75.2

Delaware

6.76.46.06.16.05.25.86.55.85.1

District of Columbia

6.05.45.45.25.14.95.35.45.64.9

Florida

6.36.86.56.15.85.75.95.95.95.4

Georgia

6.56.36.16.26.06.06.46.15.75.7

Hawaii

5.65.75.36.15.45.15.36.85.05.1

Idaho

7.97.87.28.57.97.37.47.95.88.3

Illinois

5.85.44.85.05.14.85.25.35.14.8

Indiana

5.65.65.75.55.35.15.85.75.15.0

Iowa

6.16.05.66.16.15.45.95.85.75.6

Kansas

6.16.15.75.85.75.46.06.05.35.6

Kentucky

6.15.65.75.75.74.95.95.65.25.0

Louisiana

6.56.06.26.36.25.56.56.05.85.7

Maine

7.87.67.07.47.26.37.67.87.06.1

Maryland

7.26.76.36.25.86.06.66.45.85.7

Massachusetts

5.85.95.45.55.24.95.65.95.55.1

Michigan

5.85.95.25.55.45.05.35.95.55.2

Minnesota

5.86.03.36.95.84.85.54.36.95.7

Mississippi

6.56.46.26.15.76.16.56.25.76.1

Missouri

6.55.85.66.05.75.15.95.85.65.3

Montana

8.77.87.78.88.17.28.48.47.27.5

Nebraska

6.56.26.05.95.85.25.75.95.75.1

Nevada

6.26.56.56.75.95.85.95.65.46.2

New Hampshire

7.06.75.86.26.55.96.36.75.95.8

New Jersey

6.36.46.05.95.55.86.06.05.85.4

New Mexico

7.06.66.46.96.05.86.36.85.86.0

New York

6.56.25.85.75.95.25.86.05.65.0

North Carolina

6.66.15.76.35.45.35.76.14.95.5

North Dakota

7.66.96.66.76.95.76.76.66.36.1

Ohio

6.05.65.25.45.54.85.65.65.24.8

Oklahoma

6.36.36.36.15.65.46.16.05.85.2

Oregon

7.66.46.16.26.45.96.66.76.26.1

Pennsylvania

5.55.25.25.25.14.75.55.14.84.6

Rhode Island

7.46.76.46.86.95.96.86.76.35.7

South Carolina

6.86.46.66.26.45.96.65.75.36.3

South Dakota

7.36.76.36.66.35.96.06.35.85.8

Tennessee

5.95.85.66.25.55.05.55.75.54.9

Texas

6.05.85.75.75.45.15.45.55.25.1

Utah

7.06.96.96.66.76.36.46.66.56.0

Vermont

8.47.46.47.37.26.07.57.96.66.3

Virginia

6.26.15.95.95.75.25.96.05.55.2

Washington

6.66.15.86.05.76.35.76.05.45.3

West Virginia

7.36.16.56.56.95.56.46.65.85.7

Wisconsin

6.15.65.25.55.54.85.85.85.24.8

Wyoming

9.08.48.38.98.47.88.78.28.48.3

Puerto Rico

5.15.95.74.95.45.85.05.34.84.6

Virgin Islands

7.97.58.26.05.67.46.56.85.94.5

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: Thursday, November 07, 2024