Business Employment Dynamics in Indiana — Third Quarter 2024

From June 2024 to September 2024, gross job losses from closing and contracting private-sector establishments in Indiana were 149,688, while gross job gains from opening and expanding private-sector establishments were 147,798, the U.S. Bureau of Labor Statistics reported today. Acting Regional Commissioner Julie Wilson noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment loss of 1,890 jobs in the private sector during the third quarter of 2024. (See table 1.) During the previous quarter, gross job losses exceeded gross job gains by 11,068. (See chart 1.)

Chart 1 is a line chart of private-sector gross job gains and losses in Indiana from September 2019–September 2024. Data are seasonally adjusted. An accessible version is available in the View Chart Data link below the chart.

View Chart Data

Chart 1. Private-sector gross job gains and losses in Indiana, September 2019–September 2024, seasonally adjusted
Period	Gross job losses	Gross job gains
Sep 2019	149,323	142,716
Dec 2019	136,823	158,837
Mar 2020	162,306	132,985
Jun 2020	343,274	120,316
Sep 2020	130,490	206,853
Dec 2020	127,531	173,295
Mar 2021	132,523	162,861
Jun 2021	155,264	148,655
Sep 2021	149,460	165,188
Dec 2021	127,293	195,770
Mar 2022	132,350	161,680
Jun 2022	159,496	154,517
Sep 2022	150,048	174,335
Dec 2022	142,766	156,625
Mar 2023	140,497	155,136
Jun 2023	160,863	154,911
Sep 2023	156,332	157,233
Dec 2023	142,846	151,352
Mar 2024	138,756	146,170
Jun 2024	154,540	143,472
Sep 2024	149,688	147,798

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 losses

In the third quarter of 2024, gross job losses represented 5.4 percent of private-sector employment in Indiana; nationally, gross job losses accounted for 5.8 percent of private-sector employment. (See chart 2.) Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. In Indiana, contracting establishments lost 125,550 jobs in the third quarter of 2024, a decrease of 77 jobs from the prior quarter. Closing establishments lost 24,138 jobs, a decrease of 4,775 jobs from the previous quarter.

View Chart Data

Chart 2. Private-sector gross job losses as a percent of employment, United States and Indiana, September 2019–September 2024, seasonally adjusted
Period	United States	Indiana
Sep 2019	5.8	5.6
Dec 2019	5.5	5.1
Mar 2020	6.3	6.1
Jun 2020	16.8	13.3
Sep 2020	5.9	5.2
Dec 2020	5.7	5.0
Mar 2021	5.5	5.1
Jun 2021	5.9	6.0
Sep 2021	6.1	5.7
Dec 2021	5.4	4.8
Mar 2022	5.5	4.9
Jun 2022	6.2	5.8
Sep 2022	5.9	5.5
Dec 2022	5.9	5.2
Mar 2023	5.5	5.1
Jun 2023	5.9	5.8
Sep 2023	6.0	5.7
Dec 2023	5.7	5.1
Mar 2024	5.4	5.0
Jun 2024	5.9	5.5
Sep 2024	5.8	5.4

Gross job gains

In the third quarter of 2024, gross job gains represented 5.3 percent of private-sector employment in Indiana; nationally, gross job gains accounted for 5.8 percent of private-sector employment. (See chart 3.) 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 Indiana, gross job gains at expanding establishments totaled 122,734 in the third quarter of 2024, an increase of 3,450 jobs compared to the previous quarter. Opening establishments accounted for 25,064 jobs gained in the third quarter of 2024, an increase of 876 jobs from the previous quarter.

View Chart Data

Chart 3. Private-sector gross job gains as a percent of employment, United States and Indiana, September 2019–September 2024, seasonally adjusted
Period	United States	Indiana
Sep 2019	5.9	5.4
Dec 2019	6.2	5.9
Mar 2020	5.5	4.9
Jun 2020	4.8	4.7
Sep 2020	9.5	8.2
Dec 2020	7.4	6.8
Mar 2021	6.9	6.2
Jun 2021	6.8	5.6
Sep 2021	7.3	6.3
Dec 2021	7.7	7.3
Mar 2022	6.7	5.9
Jun 2022	6.5	5.7
Sep 2022	6.9	6.4
Dec 2022	6.3	5.7
Mar 2023	6.3	5.6
Jun 2023	6.2	5.6
Sep 2023	5.9	5.7
Dec 2023	6.0	5.5
Mar 2024	5.7	5.3
Jun 2024	5.8	5.2
Sep 2024	5.8	5.3

Industries

Gross job losses exceeded gross job gains in 4 of the 11 published industry sectors in Indiana in the third quarter of 2024. Manufacturing had the largest over-the-quarter net job decrease, with a loss of 4,099 jobs. This was the result of 12,202 gross job gains and 16,301 gross job losses. Transportation and warehousing showed a net gain of 1,654 jobs, the largest gain of any sector in the state. Indiana’s construction industry sector had a net gain of 1,587 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 homepage and the Business Employment Dynamics Summary.

The Business Employment Dynamics for Fourth Quarter 2024 are scheduled to be released on Wednesday, July 30, 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, Indiana, seasonally adjusted
Category	Gross job gains and losses (3 months ended)					Gross job gains and losses as a percent of employment (3 months ended)
Category	Sept. 2023	Dec. 2023	Mar. 2024	June 2024	Sept. 2024	Sept. 2023	Dec. 2023	Mar. 2024	June 2024	Sept. 2024
Total private (1)
Gross job gains	157,233	151,352	146,170	143,472	147,798	5.7	5.5	5.3	5.2	5.3
At expanding establishments	125,036	124,556	122,175	119,284	122,734	4.5	4.5	4.4	4.3	4.4
At opening establishments	32,197	26,796	23,995	24,188	25,064	1.2	1.0	0.9	0.9	0.9
Gross job losses	156,332	142,846	138,756	154,540	149,688	5.7	5.1	5.0	5.5	5.4
At contracting establishments	125,788	120,043	114,433	125,627	125,550	4.6	4.3	4.1	4.5	4.5
At closing establishments	30,544	22,803	24,323	28,913	24,138	1.1	0.8	0.9	1.0	0.9
Net employment change (2)	901	8,506	7,414	-11,068	-1,890	0.0	0.4	0.3	-0.3	-0.1
Construction
Gross job gains	12,413	13,114	15,034	12,597	13,739	7.8	8.0	8.8	7.4	8.1
At expanding establishments	9,412	10,928	12,478	10,598	11,639	5.9	6.7	7.3	6.2	6.9
At opening establishments	3,001	2,186	2,556	1,999	2,100	1.9	1.3	1.5	1.2	1.2
Gross job losses	11,779	10,866	10,244	13,455	12,152	7.3	6.6	6.1	7.9	7.2
At contracting establishments	9,529	9,023	8,255	10,946	10,111	5.9	5.5	4.9	6.4	6.0
At closing establishments	2,250	1,843	1,989	2,509	2,041	1.4	1.1	1.2	1.5	1.2
Net employment change (2)	634	2,248	4,790	-858	1,587	0.5	1.4	2.7	-0.5	0.9
Manufacturing
Gross job gains	13,396	13,249	12,957	13,597	12,202	2.5	2.5	2.5	2.6	2.3
At expanding establishments	12,211	12,046	11,929	12,482	11,088	2.3	2.3	2.3	2.4	2.1
At opening establishments	1,185	1,203	1,028	1,115	1,114	0.2	0.2	0.2	0.2	0.2
Gross job losses	16,151	14,592	15,081	14,675	16,301	3.1	2.8	2.8	2.8	3.1
At contracting establishments	14,805	13,602	13,764	12,791	14,897	2.8	2.6	2.6	2.4	2.8
At closing establishments	1,346	990	1,317	1,884	1,404	0.3	0.2	0.2	0.4	0.3
Net employment change (2)	-2,755	-1,343	-2,124	-1,078	-4,099	-0.6	-0.3	-0.3	-0.2	-0.8
Wholesale trade
Gross job gains	6,559	6,407	6,021	5,620	6,715	4.9	4.8	4.5	4.2	4.9
At expanding establishments	5,177	5,344	5,042	4,685	5,439	3.9	4.0	3.8	3.5	4.0
At opening establishments	1,382	1,063	979	935	1,276	1.0	0.8	0.7	0.7	0.9
Gross job losses	6,065	5,475	5,695	6,201	5,708	4.6	4.1	4.3	4.6	4.3
At contracting establishments	4,395	4,521	4,228	5,019	4,549	3.3	3.4	3.2	3.7	3.4
At closing establishments	1,670	954	1,467	1,182	1,159	1.3	0.7	1.1	0.9	0.9
Net employment change (2)	494	932	326	-581	1,007	0.3	0.7	0.2	-0.4	0.6
Retail trade
Gross job gains	18,915	15,474	17,473	16,100	15,522	6.0	4.9	5.5	5.1	4.9
At expanding establishments	16,053	13,231	15,181	13,711	13,929	5.1	4.2	4.8	4.3	4.4
At opening establishments	2,862	2,243	2,292	2,389	1,593	0.9	0.7	0.7	0.8	0.5
Gross job losses	18,098	17,742	14,545	18,181	16,701	5.7	5.6	4.6	5.7	5.3
At contracting establishments	15,293	15,718	12,653	15,507	15,014	4.8	5.0	4.0	4.9	4.8
At closing establishments	2,805	2,024	1,892	2,674	1,687	0.9	0.6	0.6	0.8	0.5
Net employment change (2)	817	-2,268	2,928	-2,081	-1,179	0.3	-0.7	0.9	-0.6	-0.4
Transportation and warehousing
Gross job gains	10,575	13,883	6,209	6,389	8,110	6.5	8.3	3.6	3.9	4.9
At expanding establishments	8,983	12,770	5,466	5,631	7,326	5.5	7.6	3.2	3.4	4.4
At opening establishments	1,592	1,113	743	758	784	1.0	0.7	0.4	0.5	0.5
Gross job losses	9,240	6,114	11,301	8,705	6,456	5.7	3.6	6.7	5.2	3.9
At contracting establishments	7,794	5,131	10,184	7,366	5,293	4.8	3.0	6.0	4.4	3.2
At closing establishments	1,446	983	1,117	1,339	1,163	0.9	0.6	0.7	0.8	0.7
Net employment change (2)	1,335	7,769	-5,092	-2,316	1,654	0.8	4.7	-3.1	-1.3	1.0
Information
Gross job gains	1,598	1,203	1,200	1,025	1,400	6.0	4.5	4.4	3.9	5.3
At expanding establishments	1,179	940	974	822	1,143	4.4	3.5	3.6	3.1	4.3
At opening establishments	419	263	226	203	257	1.6	1.0	0.8	0.8	1.0
Gross job losses	1,517	1,581	1,481	1,605	1,307	5.7	5.9	5.5	6.1	4.9
At contracting establishments	1,163	1,278	1,126	1,238	982	4.4	4.8	4.2	4.7	3.7
At closing establishments	354	303	355	367	325	1.3	1.1	1.3	1.4	1.2
Net employment change (2)	81	-378	-281	-580	93	0.3	-1.4	-1.1	-2.2	0.4
Financial activities
Gross job gains	7,668	6,157	5,919	7,149	7,119	5.5	4.4	4.2	5.1	5.1
At expanding establishments	5,324	4,523	4,647	5,589	5,568	3.8	3.2	3.3	4.0	4.0
At opening establishments	2,344	1,634	1,272	1,560	1,551	1.7	1.2	0.9	1.1	1.1
Gross job losses	7,102	6,561	6,125	6,825	6,504	5.1	4.7	4.3	4.9	4.6
At contracting establishments	5,133	5,018	4,554	5,118	5,113	3.7	3.6	3.2	3.7	3.6
At closing establishments	1,969	1,543	1,571	1,707	1,391	1.4	1.1	1.1	1.2	1.0
Net employment change (2)	566	-404	-206	324	615	0.4	-0.3	-0.1	0.2	0.5
Professional and business services
Gross job gains	27,695	23,179	24,227	25,340	27,393	7.6	6.4	6.8	7.1	7.8
At expanding establishments	20,804	18,032	19,672	20,552	21,850	5.7	5.0	5.5	5.8	6.2
At opening establishments	6,891	5,147	4,555	4,788	5,543	1.9	1.4	1.3	1.3	1.6
Gross job losses	29,072	29,146	24,338	29,158	27,080	8.0	8.2	6.8	8.3	7.6
At contracting establishments	22,568	23,566	18,680	24,350	21,798	6.2	6.6	5.2	6.9	6.1
At closing establishments	6,504	5,580	5,658	4,808	5,282	1.8	1.6	1.6	1.4	1.5
Net employment change (2)	-1,377	-5,967	-111	-3,818	313	-0.4	-1.8	0.0	-1.2	0.2
Education and health services
Gross job gains	22,663	22,665	22,362	22,293	22,070	4.6	4.6	4.5	4.5	4.4
At expanding establishments	19,080	18,721	18,984	18,971	19,090	3.9	3.8	3.8	3.8	3.8
At opening establishments	3,583	3,944	3,378	3,322	2,980	0.7	0.8	0.7	0.7	0.6
Gross job losses	18,664	18,954	17,745	18,226	20,764	3.8	3.9	3.6	3.6	4.1
At contracting establishments	15,302	15,597	14,823	14,783	17,893	3.1	3.2	3.0	2.9	3.5
At closing establishments	3,362	3,357	2,922	3,443	2,871	0.7	0.7	0.6	0.7	0.6
Net employment change (2)	3,999	3,711	4,617	4,067	1,306	0.8	0.7	0.9	0.9	0.3
Leisure and hospitality
Gross job gains	27,135	26,832	26,540	25,213	25,770	8.7	8.6	8.5	8.0	8.3
At expanding establishments	20,208	20,423	20,998	19,797	19,213	6.5	6.5	6.7	6.3	6.2
At opening establishments	6,927	6,409	5,542	5,416	6,557	2.2	2.1	1.8	1.7	2.1
Gross job losses	29,955	24,651	24,185	28,598	27,938	9.6	7.9	7.7	9.2	9.0
At contracting establishments	23,106	20,746	19,698	21,459	22,669	7.4	6.6	6.3	6.9	7.3
At closing establishments	6,849	3,905	4,487	7,139	5,269	2.2	1.3	1.4	2.3	1.7
Net employment change (2)	-2,820	2,181	2,355	-3,385	-2,168	-0.9	0.7	0.8	-1.2	-0.7
Other services (3)
Gross job gains	6,723	6,248	6,140	6,339	5,895	7.3	6.8	6.6	6.8	6.4
At expanding establishments	5,053	5,021	5,002	5,011	4,891	5.5	5.5	5.4	5.4	5.3
At opening establishments	1,670	1,227	1,138	1,328	1,004	1.8	1.3	1.2	1.4	1.1
Gross job losses	6,529	5,298	5,694	6,222	6,604	7.2	5.8	6.1	6.7	7.1
At contracting establishments	4,996	4,229	4,466	4,910	5,327	5.5	4.6	4.8	5.3	5.7
At closing establishments	1,533	1,069	1,228	1,312	1,277	1.7	1.2	1.3	1.4	1.4
Net employment change (2)	194	950	446	117	-709	0.1	1.0	0.5	0.1	-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)
Category	Sept. 2023	Dec. 2023	Mar. 2024	June 2024	Sept. 2024	Sept. 2023	Dec. 2023	Mar. 2024	June 2024	Sept. 2024
United States(1)	5.9	6.0	5.7	5.8	5.8	6.0	5.7	5.4	5.9	5.8
Alabama	6.0	6.2	5.7	5.6	5.7	6.0	5.7	5.5	5.6	5.9
Alaska	8.5	10.2	10.5	10.2	7.9	10.5	9.9	8.6	9.6	9.7
Arizona	6.8	6.5	8.4	5.6	6.3	5.7	6.6	6.4	6.8	6.5
Arkansas	5.6	6.2	5.6	5.2	5.2	5.8	5.0	5.2	5.8	5.2
California	6.4	6.4	5.8	6.1	6.4	6.5	6.4	5.6	6.8	6.1
Colorado	5.4	8.2	6.4	6.5	6.3	6.1	7.6	7.7	6.2	6.7
Connecticut	5.8	5.6	5.6	5.8	5.5	6.2	5.7	5.2	5.6	5.7
Delaware	6.0	6.1	6.0	5.9	6.8	6.5	5.8	5.1	6.5	6.4
District of Columbia	5.4	5.2	5.1	5.1	4.9	5.4	5.6	4.9	6.0	5.0
Florida	6.5	6.1	5.8	6.0	6.6	5.9	5.9	5.4	5.9	5.7
Georgia	6.1	6.2	6.0	5.7	5.7	6.1	5.7	5.7	5.7	6.1
Hawaii	5.3	6.1	5.4	5.1	5.6	6.8	5.0	5.1	5.4	5.0
Idaho	7.2	8.5	7.9	7.5	7.2	7.9	5.8	8.3	7.4	7.6
Illinois	4.8	5.0	5.1	5.2	5.0	5.3	5.1	4.8	5.3	5.1
Indiana	5.7	5.5	5.3	5.2	5.3	5.7	5.1	5.0	5.5	5.4
Iowa	5.6	6.1	6.1	5.5	5.2	5.8	5.7	5.6	5.7	6.0
Kansas	5.7	5.8	5.7	5.8	5.3	6.0	5.3	5.6	5.7	5.6
Kentucky	5.7	5.7	5.7	5.2	5.4	5.6	5.2	5.0	5.9	5.5
Louisiana	6.2	6.3	6.2	5.7	6.1	6.0	5.8	5.7	6.3	5.8
Maine	7.0	7.4	7.2	7.3	6.2	7.8	7.0	6.1	7.0	7.0
Maryland	6.3	6.2	5.8	7.2	6.1	6.4	5.8	5.7	6.5	6.1
Massachusetts	5.4	5.5	5.2	5.7	4.9	5.9	5.5	5.1	5.6	5.8
Michigan	5.2	5.5	5.4	5.7	5.4	5.9	5.5	5.2	5.6	5.8
Minnesota	3.3	6.9	5.8	5.7	5.1	4.3	6.9	5.7	5.4	5.9
Mississippi	6.2	6.1	5.7	5.8	6.1	6.2	5.7	6.1	6.3	5.7
Missouri	5.6	6.0	5.7	5.6	5.5	5.8	5.6	5.3	5.8	5.8
Montana	7.7	8.8	8.1	7.9	7.3	8.4	7.2	7.5	7.6	8.1
Nebraska	6.0	5.9	5.8	5.4	5.6	5.9	5.7	5.1	5.6	5.6
Nevada	6.5	6.7	5.9	5.8	6.1	5.6	5.4	6.2	5.7	5.9
New Hampshire	5.8	6.2	6.5	6.1	5.5	6.7	5.9	5.8	6.0	6.7
New Jersey	6.0	5.9	5.5	5.9	5.3	6.0	5.8	5.4	5.4	5.8
New Mexico	6.4	6.9	6.0	6.0	6.2	6.8	5.8	6.0	6.3	6.3
New York	5.8	5.7	5.9	5.9	5.6	6.0	5.6	5.0	5.5	5.7
North Carolina	5.7	6.3	5.4	5.6	5.6	6.1	4.9	5.5	5.7	6.1
North Dakota	6.6	6.7	6.9	6.6	6.5	6.6	6.3	6.1	6.6	6.6
Ohio	5.2	5.4	5.5	5.2	5.1	5.6	5.2	4.8	5.4	5.4
Oklahoma	6.3	6.1	5.6	5.6	6.0	6.0	5.8	5.2	6.4	5.6
Oregon	6.1	6.2	6.4	6.0	6.3	6.7	6.2	6.1	6.4	6.6
Pennsylvania	5.2	5.2	5.1	4.9	5.1	5.1	4.8	4.6	5.1	5.1
Rhode Island	6.4	6.8	6.9	6.6	6.2	6.7	6.3	5.7	6.7	6.5
South Carolina	6.6	6.2	6.4	5.9	6.2	5.7	5.3	6.3	6.4	5.9
South Dakota	6.3	6.6	6.3	6.0	5.9	6.3	5.8	5.8	6.3	5.9
Tennessee	5.6	6.2	5.5	5.5	5.6	5.7	5.5	4.9	5.7	5.8
Texas	5.7	5.7	5.4	5.4	5.6	5.5	5.2	5.1	5.3	5.3
Utah	6.9	6.6	6.7	6.4	6.6	6.6	6.5	6.0	6.6	6.1
Vermont	6.4	7.3	7.2	6.6	6.6	7.9	6.6	6.3	7.5	7.3
Virginia	5.9	5.9	5.7	5.7	5.8	6.0	5.5	5.2	5.6	5.5
Washington	5.8	6.0	5.7	5.7	5.7	6.0	5.4	5.3	5.3	5.4
West Virginia	6.5	6.5	6.9	6.6	5.8	6.6	5.8	5.7	6.8	6.6
Wisconsin	5.2	5.5	5.5	5.3	5.0	5.8	5.2	4.8	5.5	5.4
Wyoming	8.3	8.9	8.4	8.2	8.6	8.2	8.4	8.3	9.0	9.0
Puerto Rico	5.7	4.9	5.4	5.6	5.4	5.3	4.8	4.6	4.9	5.1
Virgin Islands	8.2	6.0	5.6	4.3	4.4	6.8	5.9	4.5	5.1	6.1
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: Friday, May 16, 2025

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