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News Release Information

23-1671-CHI
Tuesday, August 29, 2023

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

Business Employment Dynamics in Iowa — Fourth Quarter 2022

From September 2022 to December 2022, gross job gains from opening and expanding private-sector establishments were 82,624, while gross job losses from closing and contracting private-sector establishments in Iowa were 81,148, 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 1,476 jobs in the private sector during the fourth quarter of 2022. During the previous quarter, gross job losses exceeded gross job gains by 2,257. (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 6.4 percent of private-sector employment in Iowa; 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 Iowa, gross job gains at expanding establishments totaled 68,244 in the fourth quarter of 2022, an increase of 5,192 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 14,380 jobs gained in the fourth quarter of 2022, an increase of 2,158 jobs from the previous quarter.


Gross job losses

In the fourth quarter of 2022, gross job losses represented 6.3 percent of private-sector employment in Iowa; 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 Iowa, contracting establishments lost 66,757 jobs in the fourth quarter of 2022, an increase of 2,865 jobs from the prior quarter. Closing establishments lost 14,391 jobs, an increase of 752 jobs from the previous quarter.


Industries

Gross job gains exceeded gross job losses in 5 of the 10 industry sectors in Iowa in the fourth quarter of 2022. Leisure and hospitality had the largest over-the-quarter net job increase, with a gain of 1,056 jobs. This was the result of 14,381 gross job gains and 13,325 gross job losses. The wholesale trade industry had a net gain of 998 jobs. Construction showed a net loss of 851 jobs, the largest loss of any sector in the state. Iowa’s retail trade industry sector had a net loss of 632 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, Iowa, seasonally adjusted
Category Gross 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

84,654 83,938 75,454 75,274 82,624 6.6 6.5 5.8 5.8 6.4

At expanding establishments

69,054 69,395 63,716 63,052 68,244 5.4 5.4 4.9 4.9 5.3

At opening establishments

15,600 14,543 11,738 12,222 14,380 1.2 1.1 0.9 0.9 1.1

Gross job losses

67,805 67,785 86,309 77,531 81,148 5.4 5.3 6.7 6.0 6.3

At contracting establishments

56,966 56,748 63,247 63,892 66,757 4.5 4.4 4.9 4.9 5.2

At closing establishments

10,839 11,037 23,062 13,639 14,391 0.9 0.9 1.8 1.1 1.1

Net employment change (2)

16,849 16,153 -10,855 -2,257 1,476 1.2 1.2 -0.9 -0.2 0.1

Construction

Gross job gains

8,575 9,234 8,297 7,551 7,584 10.9 11.2 10.2 9.4 9.4

At expanding establishments

5,998 7,572 6,930 6,094 5,723 7.6 9.2 8.5 7.6 7.1

At opening establishments

2,577 1,662 1,367 1,457 1,861 3.3 2.0 1.7 1.8 2.3

Gross job losses

7,033 8,389 8,555 7,569 8,435 8.9 10.3 10.6 9.5 10.5

At contracting establishments

5,751 6,851 5,728 6,140 6,733 7.3 8.4 7.1 7.7 8.4

At closing establishments

1,282 1,538 2,827 1,429 1,702 1.6 1.9 3.5 1.8 2.1

Net employment change (2)

1,542 845 -258 -18 -851 2.0 0.9 -0.4 -0.1 -1.1

Manufacturing

Gross job gains

7,667 7,425 7,136 6,449 7,211 3.5 3.4 3.2 2.9 3.2

At expanding establishments

7,105 6,797 6,601 5,956 6,688 3.2 3.1 3.0 2.7 3.0

At opening establishments

562 628 535 493 523 0.3 0.3 0.2 0.2 0.2

Gross job losses

5,235 5,148 6,803 6,415 6,479 2.4 2.3 3.1 2.9 2.9

At contracting establishments

4,874 4,754 5,328 5,954 5,836 2.2 2.1 2.4 2.7 2.6

At closing establishments

361 394 1,475 461 643 0.2 0.2 0.7 0.2 0.3

Net employment change (2)

2,432 2,277 333 34 732 1.1 1.1 0.1 0.0 0.3

Wholesale trade

Gross job gains

4,009 3,577 3,194 3,088 3,685 6.3 5.4 4.9 4.7 5.5

At expanding establishments

3,324 3,152 2,619 2,641 3,265 5.2 4.8 4.0 4.0 4.9

At opening establishments

685 425 575 447 420 1.1 0.6 0.9 0.7 0.6

Gross job losses

2,304 2,991 4,307 3,134 2,687 3.5 4.6 6.6 4.8 4.0

At contracting establishments

1,830 2,482 2,817 2,628 2,089 2.8 3.8 4.3 4.0 3.1

At closing establishments

474 509 1,490 506 598 0.7 0.8 2.3 0.8 0.9

Net employment change (2)

1,705 586 -1,113 -46 998 2.8 0.8 -1.7 -0.1 1.5

Retail trade

Gross job gains

9,888 12,243 8,839 9,147 9,337 5.7 7.0 5.0 5.3 5.4

At expanding establishments

8,844 11,179 7,859 7,951 8,477 5.1 6.4 4.4 4.6 4.9

At opening establishments

1,044 1,064 980 1,196 860 0.6 0.6 0.6 0.7 0.5

Gross job losses

9,332 7,188 10,943 12,225 9,969 5.4 4.1 6.2 7.0 5.8

At contracting establishments

8,573 6,425 9,327 10,931 8,985 5.0 3.7 5.3 6.3 5.2

At closing establishments

759 763 1,616 1,294 984 0.4 0.4 0.9 0.7 0.6

Net employment change (2)

556 5,055 -2,104 -3,078 -632 0.3 2.9 -1.2 -1.7 -0.4

Transportation and warehousing

Gross job gains

5,563 3,499 2,904 3,753 4,959 8.8 5.4 4.6 6.0 7.8

At expanding establishments

5,059 3,151 2,464 3,398 4,537 8.0 4.9 3.9 5.4 7.1

At opening establishments

504 348 440 355 422 0.8 0.5 0.7 0.6 0.7

Gross job losses

2,623 4,086 4,639 3,360 4,138 4.1 6.3 7.3 5.3 6.4

At contracting establishments

2,252 3,749 3,745 2,931 3,494 3.5 5.8 5.9 4.6 5.4

At closing establishments

371 337 894 429 644 0.6 0.5 1.4 0.7 1.0

Net employment change (2)

2,940 -587 -1,735 393 821 4.7 -0.9 -2.7 0.7 1.4

Financial activities

Gross job gains

4,454 4,881 3,952 4,678 4,849 4.1 4.4 3.7 4.3 4.5

At expanding establishments

3,366 4,065 3,225 3,792 3,900 3.1 3.7 3.0 3.5 3.6

At opening establishments

1,088 816 727 886 949 1.0 0.7 0.7 0.8 0.9

Gross job losses

4,309 4,644 5,410 4,732 5,134 4.0 4.2 5.0 4.4 4.7

At contracting establishments

3,646 3,848 3,480 3,837 4,148 3.4 3.5 3.2 3.6 3.8

At closing establishments

663 796 1,930 895 986 0.6 0.7 1.8 0.8 0.9

Net employment change (2)

145 237 -1,458 -54 -285 0.1 0.2 -1.3 -0.1 -0.2

Professional and business services

Gross job gains

13,080 11,966 11,676 11,342 11,239 9.3 8.3 8.1 7.8 7.7

At expanding establishments

9,698 8,918 9,429 8,898 8,757 6.9 6.2 6.5 6.1 6.0

At opening establishments

3,382 3,048 2,247 2,444 2,482 2.4 2.1 1.6 1.7 1.7

Gross job losses

9,808 10,122 12,210 11,459 11,446 7.0 7.0 8.4 7.8 7.8

At contracting establishments

7,141 7,939 8,535 8,942 8,538 5.1 5.5 5.9 6.1 5.8

At closing establishments

2,667 2,183 3,675 2,517 2,908 1.9 1.5 2.5 1.7 2.0

Net employment change (2)

3,272 1,844 -534 -117 -207 2.3 1.3 -0.3 0.0 -0.1

Education and health services

Gross job gains

10,722 9,038 9,510 10,435 12,865 5.1 4.3 4.5 5.0 6.1

At expanding establishments

8,988 7,793 8,372 9,012 10,822 4.3 3.7 4.0 4.3 5.1

At opening establishments

1,734 1,245 1,138 1,423 2,043 0.8 0.6 0.5 0.7 1.0

Gross job losses

9,236 8,647 10,340 9,252 13,180 4.4 4.1 5.0 4.5 6.2

At contracting establishments

7,973 7,559 8,228 7,036 11,096 3.8 3.6 4.0 3.4 5.2

At closing establishments

1,263 1,088 2,112 2,216 2,084 0.6 0.5 1.0 1.1 1.0

Net employment change (2)

1,486 391 -830 1,183 -315 0.7 0.2 -0.5 0.5 -0.1

Leisure and hospitality

Gross job gains

14,416 16,303 13,663 12,621 14,381 10.9 12.1 10.1 9.2 10.5

At expanding establishments

11,890 12,364 11,105 10,140 11,203 9.0 9.2 8.2 7.4 8.2

At opening establishments

2,526 3,939 2,558 2,481 3,178 1.9 2.9 1.9 1.8 2.3

Gross job losses

12,399 10,589 15,368 13,487 13,325 9.4 7.9 11.3 9.9 9.8

At contracting establishments

10,136 8,311 10,999 11,141 10,737 7.7 6.2 8.1 8.2 7.9

At closing establishments

2,263 2,278 4,369 2,346 2,588 1.7 1.7 3.2 1.7 1.9

Net employment change (2)

2,017 5,714 -1,705 -866 1,056 1.5 4.2 -1.2 -0.7 0.7

Other services (3)

Gross job gains

2,979 2,899 2,870 3,041 3,106 7.9 7.6 7.6 8.0 8.2

At expanding establishments

2,261 2,400 2,341 2,529 2,323 6.0 6.3 6.2 6.7 6.1

At opening establishments

718 499 529 512 783 1.9 1.3 1.4 1.3 2.1

Gross job losses

2,290 2,649 3,556 2,928 2,934 6.1 6.9 9.5 7.7 7.7

At contracting establishments

1,867 2,182 2,290 2,097 2,167 5.0 5.7 6.1 5.5 5.7

At closing establishments

423 467 1,266 831 767 1.1 1.2 3.4 2.2 2.0

Net employment change (2)

689 250 -686 113 172 1.8 0.7 -1.9 0.3 0.5

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)
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Dec.
2022

United States(1)

7.7 6.6 6.4 6.8 6.2 5.4 5.4 6.7 5.8 5.9

Alabama

7.6 6.2 6.6 7.1 6.5 5.2 6.0 7.0 6.2 6.0

Alaska

11.8 10.1 10.1 8.6 10.9 8.7 9.3 9.6 10.3 9.3

Arizona

6.8 6.8 6.7 7.9 6.7 5.0 5.7 7.3 5.5 6.1

Arkansas

7.8 5.9 5.6 6.4 6.1 4.8 5.4 6.0 5.5 5.3

California

8.5 7.4 6.6 6.7 6.5 5.5 5.6 7.2 6.1 6.6

Colorado

7.6 7.5 7.3 5.0 7.6 6.1 6.3 6.7 5.8 6.9

Connecticut

6.9 6.3 6.3 6.3 5.9 5.3 5.3 6.5 6.2 6.0

Delaware

8.2 7.3 6.5 8.6 6.7 6.0 5.6 8.2 6.1 7.6

District of Columbia

7.3 6.0 6.0 7.2 5.6 4.9 4.9 6.8 4.8 5.6

Florida

7.7 6.5 7.5 7.8 6.2 6.0 5.7 6.9 5.5 6.1

Georgia

7.9 6.8 6.6 7.0 6.5 5.5 5.7 6.7 6.0 5.9

Hawaii

7.1 6.1 5.9 6.2 6.0 5.1 5.1 5.9 4.8 4.8

Idaho

8.5 8.5 7.1 8.5 8.4 6.3 6.2 9.1 7.5 6.9

Illinois

7.5 6.2 5.9 6.0 5.4 4.9 5.0 5.9 5.3 5.2

Indiana

7.3 6.0 5.6 6.4 5.7 4.7 4.8 6.8 5.5 5.2

Iowa

6.6 6.5 5.8 5.8 6.4 5.4 5.3 6.7 6.0 6.3

Kansas

7.6 6.2 6.5 7.6 6.3 5.3 5.4 7.5 5.6 5.6

Kentucky

7.4 6.6 6.3 6.7 5.9 4.9 5.0 8.7 5.4 5.3

Louisiana

9.6 6.5 6.6 7.3 6.0 5.8 7.1 7.3 5.7 6.5

Maine

8.2 8.0 17.7 7.4 7.3 6.9 6.1 8.1 7.4 6.9

Maryland

7.3 6.6 6.7 7.5 6.4 5.3 5.9 8.1 6.0 6.7

Massachusetts

7.0 6.6 6.1 6.2 5.5 5.7 5.1 5.4 6.1 5.8

Michigan

7.5 6.3 6.0 5.7 5.9 5.2 5.1 6.5 5.9 5.2

Minnesota

7.3 6.0 6.6 6.8 6.2 5.2 5.4 7.1 6.0 6.0

Mississippi

7.9 6.1 6.5 7.2 6.8 5.7 6.0 7.0 6.3 6.2

Missouri

7.4 6.5 6.3 6.8 6.0 5.5 5.4 5.9 6.3 5.8

Montana

9.9 9.3 8.2 8.5 9.2 7.2 8.5 9.4 7.7 7.8

Nebraska

7.0 6.8 6.0 6.9 5.9 5.8 5.9 6.6 6.2 5.7

Nevada

8.3 6.8 6.9 7.6 6.4 4.8 5.2 6.7 5.7 6.2

New Hampshire

7.6 7.7 6.6 6.9 6.7 6.4 5.4 7.9 6.7 6.0

New Jersey

8.7 7.1 6.5 6.8 6.8 5.4 5.5 6.3 6.3 5.9

New Mexico

8.2 7.4 6.5 7.7 6.5 6.3 6.2 7.1 5.9 6.2

New York

7.7 6.7 7.1 6.7 6.0 5.4 5.2 6.6 6.0 6.2

North Carolina

8.1 6.5 6.3 6.6 5.9 5.0 5.3 6.2 5.9 5.4

North Dakota

7.6 7.5 6.8 7.6 6.4 6.5 6.5 6.7 6.4 6.7

Ohio

7.0 6.1 5.7 5.8 5.9 5.2 4.8 6.3 5.6 5.8

Oklahoma

7.6 6.3 6.4 7.1 6.6 5.9 5.7 6.2 5.5 6.0

Oregon

7.8 7.5 6.1 6.7 6.5 6.1 5.7 7.1 8.6 6.4

Pennsylvania

6.8 6.3 5.5 6.1 5.5 4.8 4.9 5.6 5.2 5.1

Rhode Island

8.5 7.9 7.0 6.7 6.9 6.6 5.7 7.3 7.4 6.5

South Carolina

7.9 6.9 6.4 7.3 7.0 5.3 6.2 6.9 5.6 6.2

South Dakota

7.2 7.7 6.6 7.3 6.5 5.9 6.1 6.8 6.4 6.4

Tennessee

7.3 6.6 6.3 7.0 5.8 5.6 4.7 6.4 5.4 5.7

Texas

7.7 6.3 6.5 7.4 6.2 4.8 5.4 6.1 5.2 5.3

Utah

7.5 7.8 7.0 7.9 6.8 6.0 5.9 6.8 6.7 6.6

Vermont

8.1 8.0 7.3 7.2 7.8 6.9 6.3 8.4 8.0 7.1

Virginia

7.2 6.4 6.5 7.5 6.2 5.3 5.8 7.0 6.1 5.8

Washington

7.8 7.3 7.0 7.1 5.9 5.3 5.0 7.1 6.1 5.3

West Virginia

7.9 7.3 6.3 6.8 6.7 6.0 5.9 7.9 6.5 6.6

Wisconsin

6.6 6.5 5.9 6.1 6.1 5.2 4.8 6.8 5.9 5.6

Wyoming

10.1 8.9 8.4 9.2 9.2 7.8 8.3 9.1 8.5 8.0

Puerto Rico

6.4 7.0 6.5 6.2 6.7 5.5 4.9 6.1 5.2 6.1

Virgin Islands

8.0 6.9 8.8 7.9 6.0 9.5 10.3 12.6 4.9 4.3

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