News Release Information

17-245-KAN
Thursday, February 16, 2017

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Technical information:
Media contact:
  • (816) 285-7000

Business Employment Dynamics in Colorado – Second Quarter 2016

From March 2016 to June 2016, gross job gains in private sector establishments in Colorado totaled 148,006, while gross job losses numbered 138,701, the U.S. Bureau of Labor Statistics reported today. Gross job gains exceeded gross job losses by 9,305. Assistant Commissioner for Regional Operations Stanley W. Suchman noted that gross jobs gains exceeded gross job losses by 9,964 during the previous quarter.

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. Business Employment Dynamics (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 job gains and the number of gross job losses is the net change in employment. (See the Technical Note for more information.)

Gross job gains in Colorado increased by 7,990 from March 2016 to June 2016 and have been above 140,000 for the last nine consecutive quarters. Gross job losses also increased for the 3-months ended in June 2016, up 8,649, and were at their highest level since the second quarter of 2009. Despite the increase in the number of gross job losses in this quarter, gross job gains have exceeded gross job losses in each quarter since June 2010. (See chart 1.)

Gross job gains represented 6.9 percent of private sector employment in Colorado in the quarter ended June 2016, while nationally gross job gains accounted for 6.2 percent of private employment. Colorado’s rate of gross job losses as a percent of private sector employment was 6.5 percent in the second quarter of 2016, higher than the national rate of 6.0 percent. (See chart 2.) The rates of both gross job gains and gross job losses in Colorado have been above the U.S. rate since data were first published in 1992.

During the second quarter of 2016, gross job gains exceeded gross job losses in 9 of the 11 industry sectors in Colorado. For example, within leisure and hospitality, gross job gains exceeded gross job losses by 3,768. While 32,462 jobs in the industry were created by opening and expanding establishments, 28,694 jobs were lost in closing and contracting establishments in the 3-months ended in June 2016. In education and health services, 15,884 jobs were created in opening and expanding establishments and 13,542 jobs were lost in closing and contracting establishments. Gross job gains exceeded gross job losses by more than 1,000 in two other industry sectors—professional and business services (1,556) and financial activities (1,528). (See table 1.)

In contrast, two industry sectors had gross job losses that exceeded gross job gains in the second quarter of 2016. Wholesale trade had a net decrease of 271 jobs and manufacturing had a net loss of 236 jobs.

For More Information

BED data for the states have been included in table 2 of this release. For more information on the Business Employment Dynamics data, visit the BED web site at www.bls.gov/bdm/.

The Business Employment Dynamics for Third Quarter 2016 are scheduled to be released on Wednesday, April 26, 2017 at 10:00 a.m. (EDT).


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), or the ES-202 program. The BED data are compiled from existing quarterly QCEW records. The QCEW reports are sent by the State Employment Security Agencies (SESAs) to BLS and form the basis of the Bureau’s QCEW program and establishment universe sampling frame. These reports are also used to produce the QCEW data on total employment and wages. Other important Bureau uses of the QCEW reports are in the Current Employment Statistics (CES) program. The CES program produces monthly estimates of employment, net changes, and earnings by detailed industry.

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 establishments and jobs lost at closing and contracting establishments.

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 establishments 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 establishments 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 either establishments with positive third month employment in the previous quarter, with no employment or zero employment reported in the current quarter.

Contractions.  These are establishments with positive employment in the third month in both the previous and current quarters, with a net decrease in employment over this period.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.

Table 1. Private sector gross job gains and losses by industry, Colorado, seasonally adjusted
Category Gross job gains and job losses
(3 months ended)
Gross job gains and job losses
as a percent of employment
(3 months ended)
June
2015
Sept
2015
Dec.
2015
Mar.
2016
June
2016
June
2015
Sept
2015
Dec.
2015
Mar.
2016
June
2016

Total private (1)

 

Gross job gains

146,462 146,856 147,332 140,016 148,006 7.0 7.0 7.0 6.6 6.9

At expanding establishments

120,560 118,194 118,178 112,216 118,474 5.8 5.6 5.6 5.3 5.5

At opening establishments

25,902 28,662 29,154 27,800 29,532 1.2 1.4 1.4 1.3 1.4

Gross job losses

134,781 134,443 134,691 130,052 138,701 6.4 6.4 6.4 6.1 6.5

At contracting establishments

109,117 109,632 108,951 106,107 110,250 5.2 5.2 5.2 5.0 5.2

At closing establishments

25,664 24,811 25,740 23,945 28,451 1.2 1.2 1.2 1.1 1.3

Net employment change (2)

11,681 12,413 12,641 9,964 9,305 0.6 0.6 0.6 0.5 0.4

Construction

 

Gross job gains

13,839 14,112 15,495 15,481 14,309 9.4 9.6 10.3 10.1 9.3

At expanding establishments

11,347 11,233 12,474 12,623 11,397 7.7 7.6 8.3 8.2 7.4

At opening establishments

2,492 2,879 3,021 2,858 2,912 1.7 2.0 2.0 1.9 1.9

Gross job losses

14,745 13,120 12,352 13,286 14,243 9.9 8.9 8.3 8.6 9.2

At contracting establishments

12,040 10,667 9,723 10,640 11,186 8.1 7.2 6.5 6.9 7.2

At closing establishments

2,705 2,453 2,629 2,646 3,057 1.8 1.7 1.8 1.7 2.0

Net employment change (2)

-906 992 3,143 2,195 66 -0.5 0.7 2.0 1.5 0.1

Manufacturing

 

Gross job gains

6,003 4,987 5,349 5,302 5,184 4.3 3.5 3.7 3.7 3.7

At expanding establishments

5,458 4,401 4,717 4,608 4,504 3.9 3.1 3.3 3.2 3.2

At opening establishments

545 586 632 694 680 0.4 0.4 0.4 0.5 0.5

Gross job losses

5,113 4,837 5,271 4,748 5,420 3.7 3.4 3.8 3.3 3.8

At contracting establishments

4,329 4,285 4,484 4,186 4,640 3.1 3.0 3.2 2.9 3.3

At closing establishments

784 552 787 562 780 0.6 0.4 0.6 0.4 0.5

Net employment change (2)

890 150 78 554 -236 0.6 0.1 -0.1 0.4 -0.1

Wholesale trade

 

Gross job gains

5,266 5,011 5,280 4,951 5,300 5.1 4.8 5.1 4.8 5.1

At expanding establishments

4,381 4,071 4,165 4,044 4,042 4.2 3.9 4.0 3.9 3.9

At opening establishments

885 940 1,115 907 1,258 0.9 0.9 1.1 0.9 1.2

Gross job losses

5,118 4,537 4,362 4,786 5,571 5.0 4.4 4.2 4.6 5.3

At contracting establishments

3,874 3,370 3,355 3,531 4,123 3.8 3.3 3.2 3.4 3.9

At closing establishments

1,244 1,167 1,007 1,255 1,448 1.2 1.1 1.0 1.2 1.4

Net employment change (2)

148 474 918 165 -271 0.1 0.4 0.9 0.2 -0.2

Retail trade

 

Gross job gains

17,507 17,100 16,618 17,471 16,934 6.6 6.5 6.3 6.6 6.3

At expanding establishments

15,129 14,571 14,341 14,882 14,858 5.7 5.5 5.4 5.6 5.5

At opening establishments

2,378 2,529 2,277 2,589 2,076 0.9 1.0 0.9 1.0 0.8

Gross job losses

14,629 16,411 15,108 14,913 16,229 5.5 6.2 5.7 5.5 6.0

At contracting establishments

12,490 14,220 13,455 13,499 14,110 4.7 5.4 5.1 5.0 5.2

At closing establishments

2,139 2,191 1,653 1,414 2,119 0.8 0.8 0.6 0.5 0.8

Net employment change (2)

2,878 689 1,510 2,558 705 1.1 0.3 0.6 1.1 0.3

Transportation and warehousing

 

Gross job gains

4,658 4,373 4,812 3,628 4,159 6.9 6.5 7.1 5.3 6.1

At expanding establishments

4,167 3,750 4,212 3,082 3,553 6.2 5.6 6.2 4.5 5.2

At opening establishments

491 623 600 546 606 0.7 0.9 0.9 0.8 0.9

Gross job losses

4,676 4,608 3,636 4,785 4,020 6.9 6.9 5.4 7.0 5.9

At contracting establishments

3,909 3,883 2,850 4,138 3,184 5.8 5.8 4.2 6.1 4.7

At closing establishments

767 725 786 647 836 1.1 1.1 1.2 0.9 1.2

Net employment change (2)

-18 -235 1,176 -1,157 139 0.0 -0.4 1.7 -1.7 0.2

Information

 

Gross job gains

2,949 2,878 3,593 2,566 2,996 4.2 4.0 5.0 3.6 4.2

At expanding establishments

2,488 2,510 3,134 2,121 2,545 3.5 3.5 4.4 3.0 3.6

At opening establishments

461 368 459 445 451 0.7 0.5 0.6 0.6 0.6

Gross job losses

2,805 2,499 3,654 2,178 2,992 4.0 3.5 5.1 3.0 4.2

At contracting establishments

2,442 2,142 3,223 1,790 2,433 3.5 3.0 4.5 2.5 3.4

At closing establishments

363 357 431 388 559 0.5 0.5 0.6 0.5 0.8

Net employment change (2)

144 379 -61 388 4 0.2 0.5 -0.1 0.6 0.0

Financial activities

 

Gross job gains

9,234 9,283 8,916 8,026 9,257 6.1 6.1 5.7 5.1 5.9

At expanding establishments

7,258 7,321 6,672 6,111 6,971 4.8 4.8 4.3 3.9 4.4

At opening establishments

1,976 1,962 2,244 1,915 2,286 1.3 1.3 1.4 1.2 1.5

Gross job losses

7,559 7,944 7,794 7,653 7,729 5.0 5.2 5.0 4.9 4.9

At contracting establishments

5,346 5,625 5,663 5,335 5,666 3.5 3.7 3.6 3.4 3.6

At closing establishments

2,213 2,319 2,131 2,318 2,063 1.5 1.5 1.4 1.5 1.3

Net employment change (2)

1,675 1,339 1,122 373 1,528 1.1 0.9 0.7 0.2 1.0

Professional and business services

 

Gross job gains

29,408 29,726 30,629 27,432 30,529 7.4 7.4 7.6 6.9 7.6

At expanding establishments

23,297 23,254 22,950 21,198 23,790 5.9 5.8 5.7 5.3 5.9

At opening establishments

6,111 6,472 7,679 6,234 6,739 1.5 1.6 1.9 1.6 1.7

Gross job losses

28,752 27,065 29,392 27,392 28,973 7.2 6.8 7.3 6.8 7.2

At contracting establishments

21,916 20,601 21,820 21,100 21,742 5.5 5.2 5.4 5.2 5.4

At closing establishments

6,836 6,464 7,572 6,292 7,231 1.7 1.6 1.9 1.6 1.8

Net employment change (2)

656 2,661 1,237 40 1,556 0.2 0.6 0.3 0.1 0.4

Education and health services

 

Gross job gains

15,133 15,219 15,779 14,358 15,884 4.9 4.9 5.0 4.6 5.0

At expanding establishments

12,875 12,980 13,208 11,871 13,074 4.2 4.2 4.2 3.8 4.1

At opening establishments

2,258 2,239 2,571 2,487 2,810 0.7 0.7 0.8 0.8 0.9

Gross job losses

12,195 12,377 11,977 12,422 13,542 4.0 4.0 3.8 4.0 4.2

At contracting establishments

9,801 10,006 9,486 10,288 9,948 3.2 3.2 3.0 3.3 3.1

At closing establishments

2,394 2,371 2,491 2,134 3,594 0.8 0.8 0.8 0.7 1.1

Net employment change (2)

2,938 2,842 3,802 1,936 2,342 0.9 0.9 1.2 0.6 0.8

Leisure and hospitality

 

Gross job gains

32,060 33,545 31,041 30,609 32,462 10.3 10.6 9.7 9.5 9.9

At expanding establishments

26,849 26,967 24,935 24,155 26,136 8.6 8.5 7.8 7.5 8.0

At opening establishments

5,211 6,578 6,106 6,454 6,326 1.7 2.1 1.9 2.0 1.9

Gross job losses

27,608 30,063 30,683 27,776 28,694 8.8 9.5 9.6 8.7 8.9

At contracting establishments

23,416 26,081 26,591 23,682 24,258 7.5 8.2 8.3 7.4 7.5

At closing establishments

4,192 3,982 4,092 4,094 4,436 1.3 1.3 1.3 1.3 1.4

Net employment change (2)

4,452 3,482 358 2,833 3,768 1.5 1.1 0.1 0.8 1.0

Other services (3)

 

Gross job gains

5,439 5,586 5,422 5,579 5,863 7.7 7.8 7.5 7.7 8.1

At expanding establishments

4,196 4,304 4,195 4,194 4,556 5.9 6.0 5.8 5.8 6.3

At opening establishments

1,243 1,282 1,227 1,385 1,307 1.8 1.8 1.7 1.9 1.8

Gross job losses

5,088 4,796 5,170 5,107 5,143 7.2 6.8 7.2 7.1 7.1

At contracting establishments

3,819 3,538 3,967 3,819 3,901 5.4 5.0 5.5 5.3 5.4

At closing establishments

1,269 1,258 1,203 1,288 1,242 1.8 1.8 1.7 1.8 1.7

Net employment change (2)

351 790 252 472 720 0.5 1.0 0.3 0.6 1.0

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)
June
2015
Sept.
2015
Dec.
2015
Mar.
2016
June
2016
June
2015
Sept.
2015
Dec.
2015
Mar.
2016
June
2016

United States(1)

6.4 6.3 6.6 5.8 6.2 5.7 5.8 5.8 5.7 6.0

Alabama

5.9 5.8 6.2 5.8 5.8 5.3 5.5 5.3 5.4 5.8

Alaska

10.6 9.1 9.6 9.4 10.3 10.9 10.3 10.5 9.7 11.9

Arizona

6.0 6.8 6.9 6.0 6.1 5.7 5.4 5.4 5.7 6.1

Arkansas

6.0 6.1 6.3 5.4 5.4 5.3 5.3 5.3 5.3 5.8

California

6.9 6.9 7.6 6.5 6.8 6.5 5.9 6.7 6.3 6.7

Colorado

7.0 7.0 7.0 6.6 6.9 6.4 6.4 6.4 6.1 6.5

Connecticut

5.7 5.1 5.5 5.2 5.4 5.0 5.9 4.9 5.0 5.3

Delaware

7.7 6.1 7.3 6.5 6.7 5.8 6.1 6.2 6.4 6.6

District of Columbia

6.1 6.1 6.2 5.2 5.8 5.8 5.4 4.6 5.6 6.1

Florida

7.0 6.9 7.2 6.1 6.4 5.9 5.8 5.8 5.8 5.9

Georgia

6.7 6.5 6.9 6.1 7.0 5.8 5.9 5.7 5.6 6.6

Hawaii

4.9 5.1 5.8 4.9 5.4 4.8 4.6 4.4 4.9 6.0

Idaho

7.6 7.8 7.9 8.2 7.1 7.2 7.0 6.9 6.3 7.1

Illinois

6.1 5.4 6.4 5.3 5.9 5.2 5.8 5.6 5.4 5.9

Indiana

5.7 5.5 6.2 5.5 5.2 5.2 5.3 4.9 5.3 5.2

Iowa

6.0 5.7 6.0 6.0 5.6 6.0 6.0 5.7 5.3 6.1

Kansas

6.0 5.7 6.2 5.8 5.6 5.9 5.8 5.6 5.9 6.3

Kentucky

6.4 6.1 6.7 5.7 6.2 5.5 5.7 5.4 5.8 5.8

Louisiana

6.4 6.2 6.5 6.0 5.9 6.8 6.2 6.4 6.6 6.9

Maine

8.3 6.6 8.6 8.0 7.7 6.5 7.1 7.1 6.9 6.7

Maryland

7.1 6.5 6.8 6.2 6.3 5.9 6.2 5.9 6.0 6.3

Massachusetts

6.4 5.4 5.9 5.2 6.0 5.1 5.6 5.2 5.0 5.2

Michigan

6.1 5.4 6.1 5.4 5.9 5.2 5.6 5.3 4.9 5.3

Minnesota

6.1 5.4 6.1 5.4 5.9 5.1 5.8 5.7 5.2 5.6

Mississippi

6.5 6.2 7.1 5.7 5.7 5.9 5.9 5.4 6.1 6.5

Missouri

6.0 5.7 6.3 5.7 5.7 5.2 5.5 5.3 5.3 5.4

Montana

8.0 7.6 8.5 7.8 7.9 8.4 7.7 7.3 7.2 8.6

Nebraska

5.9 6.0 6.1 5.8 5.7 5.6 5.6 5.5 5.5 6.0

Nevada

6.2 6.2 6.8 6.3 6.5 5.8 5.6 5.3 5.7 5.6

New Hampshire

6.8 6.1 6.7 6.0 6.5 6.0 6.4 5.6 5.8 5.9

New Jersey

7.1 6.3 6.7 5.9 6.5 6.0 6.2 5.9 5.9 5.8

New Mexico

6.8 6.5 7.0 6.2 6.5 6.9 6.6 6.9 6.3 6.7

New York

6.7 6.3 6.4 6.1 6.2 5.8 6.0 5.7 5.7 5.8

North Carolina

6.4 6.3 6.7 6.0 6.3 5.5 5.7 5.5 5.6 5.8

North Dakota

6.7 7.1 6.7 6.6 6.8 11.2 8.5 8.1 8.9 9.0

Ohio

6.0 5.5 6.0 5.4 5.6 5.2 5.6 5.1 5.1 5.6

Oklahoma

6.0 6.1 6.3 5.7 5.8 6.6 6.1 6.5 6.4 6.8

Oregon

6.9 7.0 7.0 7.0 6.7 6.1 6.4 6.2 5.8 6.5

Pennsylvania

5.6 5.3 5.7 5.4 5.3 4.9 5.3 5.1 5.2 5.4

Rhode Island

6.7 5.8 6.6 5.8 6.2 5.9 5.8 5.7 5.9 6.2

South Carolina

6.5 6.1 7.1 6.1 6.3 5.5 5.8 5.3 5.8 5.8

South Dakota

6.3 5.9 6.7 6.2 6.4 5.9 6.1 5.9 6.1 6.2

Tennessee

6.0 5.8 6.3 5.2 5.7 4.8 5.1 4.8 5.1 5.3

Texas

6.0 5.9 6.1 4.7 6.3 5.6 5.5 5.5 5.5 5.4

Utah

6.9 7.0 7.2 7.3 6.7 6.2 6.0 6.0 5.9 6.4

Vermont

7.3 6.9 7.2 6.6 7.4 6.9 7.7 6.5 6.9 7.2

Virginia

6.5 7.1 6.4 5.9 6.4 5.4 5.8 5.6 5.9 6.0

Washington

7.3 6.7 6.8 7.1 7.2 6.1 6.8 6.2 5.6 5.8

West Virginia

6.4 5.8 6.6 5.9 5.8 6.7 6.7 6.3 6.9 6.9

Wisconsin

5.7 5.6 6.0 5.6 5.7 5.2 5.6 5.2 5.2 5.7

Wyoming

7.9 8.5 9.0 7.9 7.7 11.0 9.2 9.3 9.4 10.4

Puerto Rico

5.7 5.9 6.3 5.7 5.6 6.2 6.3 5.7 6.0 5.6

Virgin Islands

6.5 6.0 7.3 5.7 6.3 6.8 7.3 5.3 5.4 5.8

Footnotes
(1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands.
 

 

Last Modified Date: Thursday, February 16, 2017