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News Release Information

25-807-CHI
Friday, May 16, 2025

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

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.)


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.


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.


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)
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)
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