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News Release Information

24-799-CHI
Wednesday, May 08, 2024

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

Business Employment Dynamics in Indiana — Third Quarter 2023

From June 2023 to September 2023, gross job losses from closing and contracting private-sector establishments in Indiana were 160,437, while gross job gains from opening and expanding private-sector establishments were 159,404, 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 loss of 1,033 jobs in the private sector during the third quarter of 2023. During the previous quarter, gross job losses exceeded gross job gains by 13,533. (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 third quarter of 2023, gross job gains represented 5.8 percent of private-sector employment both nationally and in Indiana. (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 Indiana, gross job gains at expanding establishments totaled 127,432 in the third quarter of 2023, an increase of 2,060 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 31,972 jobs gained in the third quarter of 2023, an increase of 3,987 jobs from the previous quarter.


Gross job losses

In the third quarter of 2023, gross job losses represented 5.8 percent of private-sector employment in Indiana; 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 Indiana, contracting establishments lost 127,681 jobs in the third quarter of 2023, a decrease of 6,664 jobs from the prior quarter. Closing establishments lost 32,756 jobs, an increase of 211 jobs from the previous quarter.


Industries

Gross job losses exceeded gross job gains in 5 of the 11 industry sectors in Indiana in the third quarter of 2023. Leisure and hospitality had the largest over-the-quarter net job decrease, losing 3,499 jobs. This was the result of 26,838 gross job gains and 30,337 gross job losses. The manufacturing industry sector had a net loss of 2,945 jobs. Education and health services showed a net gain of 6,104 jobs, the largest gain 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 Fourth Quarter 2023 are scheduled to be released on Wednesday, July 24, 2024.


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

Total private (1)

Gross job gains

174,452 156,490 152,428 153,357 159,404 6.4 5.7 5.5 5.5 5.8

At expanding establishments

142,708 132,099 133,690 125,372 127,432 5.2 4.8 4.8 4.5 4.6

At opening establishments

31,744 24,391 18,738 27,985 31,972 1.2 0.9 0.7 1.0 1.2

Gross job losses

150,254 142,752 137,357 166,890 160,437 5.5 5.2 5.0 6.1 5.8

At contracting establishments

128,213 121,739 113,419 134,345 127,681 4.7 4.4 4.1 4.9 4.6

At closing establishments

22,041 21,013 23,938 32,545 32,756 0.8 0.8 0.9 1.2 1.2

Net employment change (2)

24,198 13,738 15,071 -13,533 -1,033 0.9 0.5 0.5 -0.6 0.0

Construction

Gross job gains

13,720 12,232 14,422 12,475 12,143 8.9 7.8 8.8 7.7 7.6

At expanding establishments

10,183 10,254 12,922 10,575 9,253 6.6 6.5 7.9 6.5 5.8

At opening establishments

3,537 1,978 1,500 1,900 2,890 2.3 1.3 0.9 1.2 1.8

Gross job losses

11,158 12,034 11,042 12,914 13,020 7.2 7.6 6.8 8.0 8.1

At contracting establishments

9,565 10,069 8,978 10,048 10,279 6.2 6.4 5.5 6.2 6.4

At closing establishments

1,593 1,965 2,064 2,866 2,741 1.0 1.2 1.3 1.8 1.7

Net employment change (2)

2,562 198 3,380 -439 -877 1.7 0.2 2.0 -0.3 -0.5

Manufacturing

Gross job gains

20,348 16,766 13,494 14,165 13,734 3.7 3.1 2.5 2.6 2.6

At expanding establishments

18,457 15,788 12,735 13,111 12,600 3.4 2.9 2.4 2.4 2.4

At opening establishments

1,891 978 759 1,054 1,134 0.3 0.2 0.1 0.2 0.2

Gross job losses

17,103 15,707 16,299 20,846 16,679 3.2 2.9 3.0 3.9 3.2

At contracting establishments

15,997 14,313 15,330 19,104 15,258 3.0 2.6 2.8 3.6 2.9

At closing establishments

1,106 1,394 969 1,742 1,421 0.2 0.3 0.2 0.3 0.3

Net employment change (2)

3,245 1,059 -2,805 -6,681 -2,945 0.5 0.2 -0.5 -1.3 -0.6

Wholesale trade

Gross job gains

8,437 6,559 6,169 6,548 6,759 6.5 4.9 4.6 4.9 5.0

At expanding establishments

6,586 5,458 5,369 5,185 5,247 5.1 4.1 4.0 3.9 3.9

At opening establishments

1,851 1,101 800 1,363 1,512 1.4 0.8 0.6 1.0 1.1

Gross job losses

5,547 4,705 5,440 6,088 6,362 4.3 3.6 4.1 4.6 4.7

At contracting establishments

4,310 3,792 4,209 4,808 4,443 3.3 2.9 3.2 3.6 3.3

At closing establishments

1,237 913 1,231 1,280 1,919 1.0 0.7 0.9 1.0 1.4

Net employment change (2)

2,890 1,854 729 460 397 2.2 1.3 0.5 0.3 0.3

Retail trade

Gross job gains

18,149 16,257 18,869 16,113 18,839 5.8 5.2 6.0 5.1 6.0

At expanding establishments

16,086 14,772 17,039 13,697 15,997 5.1 4.7 5.4 4.3 5.1

At opening establishments

2,063 1,485 1,830 2,416 2,842 0.7 0.5 0.6 0.8 0.9

Gross job losses

18,942 15,692 14,193 20,836 18,217 6.0 5.0 4.5 6.6 5.8

At contracting establishments

17,314 14,071 12,115 17,734 15,393 5.5 4.5 3.8 5.6 4.9

At closing establishments

1,628 1,621 2,078 3,102 2,824 0.5 0.5 0.7 1.0 0.9

Net employment change (2)

-793 565 4,676 -4,723 622 -0.2 0.2 1.5 -1.5 0.2

Transportation and warehousing

Gross job gains

8,257 11,281 7,958 8,814 10,515 5.1 6.8 4.8 5.4 6.4

At expanding establishments

6,964 9,630 7,169 7,309 8,974 4.3 5.8 4.3 4.5 5.5

At opening establishments

1,293 1,651 789 1,505 1,541 0.8 1.0 0.5 0.9 0.9

Gross job losses

8,100 8,073 10,610 10,240 9,493 5.0 4.9 6.4 6.3 5.8

At contracting establishments

7,145 6,796 9,654 8,432 8,003 4.4 4.1 5.8 5.2 4.9

At closing establishments

955 1,277 956 1,808 1,490 0.6 0.8 0.6 1.1 0.9

Net employment change (2)

157 3,208 -2,652 -1,426 1,022 0.1 1.9 -1.6 -0.9 0.6

Information

Gross job gains

1,973 1,685 1,267 1,408 1,576 7.4 6.3 4.8 5.3 5.9

At expanding establishments

1,547 1,066 985 1,181 1,169 5.8 4.0 3.7 4.4 4.4

At opening establishments

426 619 282 227 407 1.6 2.3 1.1 0.9 1.5

Gross job losses

1,958 1,561 1,462 1,694 1,546 7.3 5.9 5.4 6.4 5.8

At contracting establishments

1,393 1,253 1,101 1,215 1,177 5.2 4.7 4.1 4.6 4.4

At closing establishments

565 308 361 479 369 2.1 1.2 1.3 1.8 1.4

Net employment change (2)

15 124 -195 -286 30 0.1 0.4 -0.6 -1.1 0.1

Financial activities

Gross job gains

8,345 7,476 5,517 6,785 7,727 6.0 5.3 3.9 4.9 5.5

At expanding establishments

6,361 5,874 4,488 5,296 5,424 4.6 4.2 3.2 3.8 3.9

At opening establishments

1,984 1,602 1,029 1,489 2,303 1.4 1.1 0.7 1.1 1.6

Gross job losses

6,446 6,674 6,169 6,548 7,365 4.6 4.8 4.4 4.7 5.2

At contracting establishments

4,749 5,192 4,397 4,737 5,340 3.4 3.7 3.1 3.4 3.8

At closing establishments

1,697 1,482 1,772 1,811 2,025 1.2 1.1 1.3 1.3 1.4

Net employment change (2)

1,899 802 -652 237 362 1.4 0.5 -0.5 0.2 0.3

Professional and business services

Gross job gains

34,032 26,173 26,365 27,149 27,776 9.2 7.1 7.2 7.4 7.7

At expanding establishments

26,264 20,764 22,402 21,269 20,972 7.1 5.6 6.1 5.8 5.8

At opening establishments

7,768 5,409 3,963 5,880 6,804 2.1 1.5 1.1 1.6 1.9

Gross job losses

29,098 28,159 25,283 31,808 29,273 7.9 7.6 6.8 8.7 8.1

At contracting establishments

24,315 23,974 20,003 25,869 22,555 6.6 6.5 5.4 7.1 6.2

At closing establishments

4,783 4,185 5,280 5,939 6,718 1.3 1.1 1.4 1.6 1.9

Net employment change (2)

4,934 -1,986 1,082 -4,659 -1,497 1.3 -0.5 0.4 -1.3 -0.4

Education and health services

Gross job gains

22,804 20,823 21,115 25,155 25,010 4.9 4.4 4.4 5.2 5.1

At expanding establishments

19,562 17,932 19,144 21,117 21,220 4.2 3.8 4.0 4.4 4.3

At opening establishments

3,242 2,891 1,971 4,038 3,790 0.7 0.6 0.4 0.8 0.8

Gross job losses

16,735 18,990 15,447 17,701 18,906 3.6 4.1 3.2 3.7 3.9

At contracting establishments

14,259 16,676 12,449 13,293 15,462 3.1 3.6 2.6 2.8 3.2

At closing establishments

2,476 2,314 2,998 4,408 3,444 0.5 0.5 0.6 0.9 0.7

Net employment change (2)

6,069 1,833 5,668 7,454 6,104 1.3 0.3 1.2 1.5 1.2

Leisure and hospitality

Gross job gains

29,145 28,086 28,418 26,249 26,838 9.6 9.1 9.1 8.4 8.6

At expanding establishments

22,943 23,056 24,017 19,668 20,015 7.6 7.5 7.7 6.3 6.4

At opening establishments

6,202 5,030 4,401 6,581 6,823 2.0 1.6 1.4 2.1 2.2

Gross job losses

26,932 23,533 23,469 30,104 30,337 8.9 7.7 7.6 9.7 9.7

At contracting establishments

22,316 19,466 18,949 22,699 22,859 7.4 6.4 6.1 7.3 7.3

At closing establishments

4,616 4,067 4,520 7,405 7,478 1.5 1.3 1.5 2.4 2.4

Net employment change (2)

2,213 4,553 4,949 -3,855 -3,499 0.7 1.4 1.5 -1.3 -1.1

Other services (3)

Gross job gains

7,043 6,556 6,502 6,645 6,618 8.1 7.4 7.2 7.4 7.3

At expanding establishments

5,916 5,317 5,318 5,418 5,021 6.8 6.0 5.9 6.0 5.5

At opening establishments

1,127 1,239 1,184 1,227 1,597 1.3 1.4 1.3 1.4 1.8

Gross job losses

6,134 5,730 5,995 5,720 6,813 7.0 6.5 6.7 6.4 7.5

At contracting establishments

5,002 4,469 4,656 4,378 5,007 5.7 5.1 5.2 4.9 5.5

At closing establishments

1,132 1,261 1,339 1,342 1,806 1.3 1.4 1.5 1.5 2.0

Net employment change (2)

909 826 507 925 -195 1.1 0.9 0.5 1.0 -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)
Sept.
2022
Dec.
2022
Mar.
2023
June
2023
Sept.
2023
Sept.
2022
Dec.
2022
Mar.
2023
June
2023
Sept.
2023

United States(1)

6.9 6.3 6.2 6.2 5.8 5.9 5.9 5.4 5.9 5.9

Alabama

6.9 6.6 6.4 5.9 5.9 5.9 6.1 5.5 5.7 6.0

Alaska

8.5 10.9 10.4 11.0 8.5 10.4 9.2 8.0 8.9 10.5

Arizona

7.1 6.6 5.9 7.0 6.7 5.5 6.0 5.4 6.5 5.9

Arkansas

6.5 6.2 5.8 5.8 5.6 5.2 5.2 5.0 6.0 5.7

California

6.8 6.6 6.1 6.7 6.2 6.2 6.6 6.4 6.4 6.5

Colorado

7.0 7.6 7.2 7.3 5.5 7.1 6.9 6.5 6.6 6.2

Connecticut

6.3 5.9 6.1 6.4 5.8 6.2 5.9 5.3 5.7 6.2

Delaware

8.6 7.0 6.7 6.0 6.0 6.2 7.5 5.2 5.7 6.5

District of Columbia

7.2 5.6 5.9 5.4 5.5 5.0 5.5 4.8 5.3 5.4

Florida

7.8 6.2 6.3 6.8 6.5 5.6 6.0 5.6 5.8 5.8

Georgia

7.1 6.7 6.2 6.4 6.1 5.9 5.9 5.8 6.5 6.1

Hawaii

6.4 6.0 5.5 5.7 5.3 4.9 4.9 5.0 5.2 6.9

Idaho

7.8 8.4 7.9 7.9 7.3 7.5 6.9 7.5 7.5 8.2

Illinois

5.8 5.4 5.8 5.4 4.8 5.3 5.1 4.8 5.3 5.5

Indiana

6.4 5.7 5.5 5.5 5.8 5.5 5.2 5.0 6.1 5.8

Iowa

5.9 6.4 6.0 6.0 5.5 5.9 6.2 5.4 5.9 5.8

Kansas

7.4 6.3 6.1 6.1 5.7 5.5 5.6 5.4 6.0 6.0

Kentucky

6.6 6.0 6.1 5.6 5.7 5.4 5.3 4.9 5.9 5.5

Louisiana

6.9 6.1 6.3 6.1 6.2 5.7 6.2 5.6 6.4 6.0

Maine

7.6 7.4 7.7 7.6 6.8 7.3 6.8 6.2 7.6 7.8

Maryland

7.4 6.6 6.8 6.7 6.4 6.0 6.9 5.6 6.3 6.5

Massachusetts

6.2 5.5 5.8 5.9 5.4 6.1 5.8 4.7 5.7 6.1

Michigan

5.7 5.9 5.7 5.9 5.2 5.8 5.2 4.9 5.3 5.9

Minnesota

6.5 5.9 5.7 6.0 3.1 5.9 5.8 4.9 5.6 4.2

Mississippi

7.2 6.8 6.1 6.3 6.2 6.3 6.2 5.7 6.6 6.2

Missouri

6.8 6.1 6.5 5.9 5.6 6.3 5.8 5.1 5.9 5.8

Montana

8.7 9.2 8.7 7.8 7.7 7.8 7.8 7.1 8.4 8.5

Nebraska

7.1 6.0 6.3 6.0 6.0 6.1 5.7 5.1 5.6 5.9

Nevada

7.4 6.4 6.2 6.6 6.5 5.8 6.1 5.7 6.0 5.5

New Hampshire

6.9 6.7 7.0 6.7 5.9 6.7 6.0 5.9 6.3 6.7

New Jersey

6.8 6.8 6.1 6.8 5.9 6.4 5.9 5.7 5.9 5.9

New Mexico

8.0 6.7 6.8 6.4 6.1 5.9 6.2 5.9 6.2 6.7

New York

6.6 5.9 6.5 6.3 5.8 5.9 6.0 5.1 5.7 6.1

North Carolina

6.7 6.6 6.4 6.1 5.6 5.8 5.7 5.3 5.7 6.2

North Dakota

7.6 6.4 7.6 6.9 6.6 6.3 6.7 5.6 6.7 6.6

Ohio

5.8 5.9 5.8 5.6 5.2 5.5 5.7 4.9 5.7 5.7

Oklahoma

7.4 6.6 6.3 6.2 6.2 5.6 5.9 5.3 6.0 6.0

Oregon

6.7 6.5 7.3 6.4 6.1 6.0 6.2 6.1 6.9 6.9

Pennsylvania

6.1 5.5 5.5 5.2 5.2 5.1 5.2 4.6 5.5 5.2

Rhode Island

6.7 6.9 7.5 6.7 6.5 7.3 6.4 5.9 7.0 6.8

South Carolina

7.3 6.9 6.8 6.4 6.8 5.6 6.2 5.8 6.8 5.7

South Dakota

7.3 6.5 7.2 6.8 6.3 6.4 6.5 5.9 6.2 6.3

Tennessee

7.0 5.8 5.9 5.9 2.7 5.5 5.6 5.0 5.5 4.2

Texas

7.2 6.2 5.9 5.8 5.7 5.3 5.3 5.0 5.4 5.5

Utah

7.5 6.9 7.0 6.8 6.8 6.8 6.6 6.2 6.2 6.5

Vermont

7.2 7.8 8.2 7.4 6.3 7.8 7.0 6.0 7.5 8.0

Virginia

7.5 6.2 6.2 6.0 5.8 6.1 5.8 5.2 5.8 6.0

Washington

7.2 5.9 6.4 6.0 5.4 6.3 5.3 5.5 5.6 6.0

West Virginia

8.1 6.6 7.1 6.1 6.5 6.9 6.4 5.3 6.1 6.5

Wisconsin

6.0 6.0 6.0 5.6 5.2 5.8 5.5 4.9 5.9 5.9

Wyoming

9.2 9.2 8.9 8.4 8.2 8.4 7.9 7.8 8.7 8.2

Puerto Rico

6.2 6.6 5.1 5.8 5.7 5.3 6.1 5.7 4.9 5.4

Virgin Islands

8.5 5.9 7.5 7.4 8.2 5.5 4.7 6.5 6.8 7.1

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: Wednesday, May 08, 2024