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News Release Information

25-820-KAN
Friday, May 16, 2025

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

Business Employment Dynamics in Utah — Third Quarter 2024

From June 2024 to September 2024, gross job gains from opening and expanding private-sector establishments in Utah were 95,601, while gross job losses from closing and contracting private-sector establishments from were 86,981, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Michael Hirniak noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 8,620 jobs in the private sector during the third quarter of 2024. During the previous quarter, gross job losses exceeded gross job gains by 3,956 (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 2024, gross job gains represented 6.6 percent of private-sector employment in Utah; nationally, gross job gains accounted for 5.8 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 Utah, gross job gains at expanding establishments totaled 74,685 in the third quarter of 2024, an increase of 7,228 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 20,916 jobs gained in the third quarter of 2024, a decrease of 3,695 jobs from the previous quarter.

Gross job losses

In the third quarter of 2024, gross job losses represented 6.1 percent of private-sector employment in Utah; nationally, gross job losses accounted for 5.8 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 Utah, contracting establishments lost 68,787 jobs in the third quarter of 2024, a decrease of 6,372 jobs from the prior quarter. Closing establishments lost 18,194 jobs, a decrease of 2,671 jobs from the previous quarter.

Industries

Gross job gains exceeded gross job losses in 8 of the 11 published industry sectors in Utah in the third quarter of 2024. Education and health services had the largest over-the-quarter net job increase, with a gain of 2,973 jobs. This was the result of 12,530 gross job gains and 9,557 gross job losses. The professional and business services industry had a net gain of 2,301 jobs, and the leisure and hospitality industry had a net gain of 2,076 jobs. Retail trade showed a net loss of 1,290 jobs, the largest loss 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 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, Utah, 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

98,829 95,280 95,737 92,068 95,601 6.9 6.6 6.7 6.4 6.6

At expanding establishments

76,947 72,562 74,677 67,457 74,685 5.4 5.0 5.2 4.7 5.2

At opening establishments

21,882 22,718 21,060 24,611 20,916 1.5 1.6 1.5 1.7 1.4

Gross job losses

95,522 93,465 86,315 96,024 86,981 6.6 6.5 6.0 6.6 6.1

At contracting establishments

74,859 73,663 67,441 75,159 68,787 5.2 5.1 4.7 5.2 4.8

At closing establishments

20,663 19,802 18,874 20,865 18,194 1.4 1.4 1.3 1.4 1.3

Net employment change (2)

3,307 1,815 9,422 -3,956 8,620 0.3 0.1 0.7 -0.2 0.5

Construction

Gross job gains

10,912 12,597 12,008 11,088 10,650 8.2 9.3 8.6 8.0 7.8

At expanding establishments

8,404 9,579 9,489 8,150 8,301 6.3 7.1 6.8 5.9 6.1

At opening establishments

2,508 3,018 2,519 2,938 2,349 1.9 2.2 1.8 2.1 1.7

Gross job losses

11,714 9,982 10,497 11,086 9,968 8.8 7.5 7.5 7.9 7.3

At contracting establishments

8,789 7,619 8,142 8,376 7,745 6.6 5.7 5.8 6.0 5.7

At closing establishments

2,925 2,363 2,355 2,710 2,223 2.2 1.8 1.7 1.9 1.6

Net employment change (2)

-802 2,615 1,511 2 682 -0.6 1.8 1.1 0.1 0.5

Manufacturing

Gross job gains

5,152 5,628 5,367 5,815 5,148 3.4 3.7 3.6 3.8 3.4

At expanding establishments

4,392 4,734 4,649 4,297 4,419 2.9 3.1 3.1 2.8 2.9

At opening establishments

760 894 718 1,518 729 0.5 0.6 0.5 1.0 0.5

Gross job losses

5,443 5,571 5,229 5,185 5,226 3.6 3.7 3.4 3.4 3.4

At contracting establishments

4,645 4,735 4,279 4,382 4,552 3.1 3.1 2.8 2.9 3.0

At closing establishments

798 836 950 803 674 0.5 0.6 0.6 0.5 0.4

Net employment change (2)

-291 57 138 630 -78 -0.2 0.0 0.2 0.4 0.0

Wholesale trade

Gross job gains

2,945 2,927 3,123 3,120 2,994 4.8 4.8 5.1 5.0 4.8

At expanding establishments

2,252 2,421 2,430 2,367 2,254 3.7 4.0 4.0 3.8 3.6

At opening establishments

693 506 693 753 740 1.1 0.8 1.1 1.2 1.2

Gross job losses

2,874 3,077 2,885 2,848 2,823 4.7 5.1 4.7 4.6 4.6

At contracting establishments

2,178 2,227 2,209 2,062 2,038 3.6 3.7 3.6 3.3 3.3

At closing establishments

696 850 676 786 785 1.1 1.4 1.1 1.3 1.3

Net employment change (2)

71 -150 238 272 171 0.1 -0.3 0.4 0.4 0.2

Retail trade

Gross job gains

11,377 9,030 10,364 9,099 9,056 6.2 5.0 5.8 5.0 5.0

At expanding establishments

9,160 7,239 8,579 7,170 7,895 5.0 4.0 4.8 3.9 4.4

At opening establishments

2,217 1,791 1,785 1,929 1,161 1.2 1.0 1.0 1.1 0.6

Gross job losses

11,562 11,748 8,029 11,757 10,346 6.4 6.6 4.5 6.5 5.8

At contracting establishments

9,573 10,348 6,590 10,355 8,759 5.3 5.8 3.7 5.7 4.9

At closing establishments

1,989 1,400 1,439 1,402 1,587 1.1 0.8 0.8 0.8 0.9

Net employment change (2)

-185 -2,718 2,335 -2,658 -1,290 -0.2 -1.6 1.3 -1.5 -0.8

Transportation and warehousing

Gross job gains

3,534 5,181 2,688 2,630 3,565 5.1 7.4 3.8 3.9 5.2

At expanding establishments

2,757 4,649 2,203 2,156 2,959 4.0 6.6 3.1 3.2 4.3

At opening establishments

777 532 485 474 606 1.1 0.8 0.7 0.7 0.9

Gross job losses

3,565 3,524 4,896 3,496 2,601 5.1 5.0 7.0 5.1 3.7

At contracting establishments

3,057 3,100 4,186 3,016 2,229 4.4 4.4 6.0 4.4 3.2

At closing establishments

508 424 710 480 372 0.7 0.6 1.0 0.7 0.5

Net employment change (2)

-31 1,657 -2,208 -866 964 0.0 2.4 -3.2 -1.2 1.5

Information

Gross job gains

2,460 2,161 2,153 2,658 2,405 5.9 5.3 5.3 6.5 6.0

At expanding establishments

2,019 1,508 1,595 1,909 1,838 4.8 3.7 3.9 4.7 4.6

At opening establishments

441 653 558 749 567 1.1 1.6 1.4 1.8 1.4

Gross job losses

3,340 3,430 2,487 2,592 2,723 8.0 8.4 6.1 6.4 6.7

At contracting establishments

2,706 2,503 1,921 1,954 2,070 6.5 6.1 4.7 4.8 5.1

At closing establishments

634 927 566 638 653 1.5 2.3 1.4 1.6 1.6

Net employment change (2)

-880 -1,269 -334 66 -318 -2.1 -3.1 -0.8 0.1 -0.7

Financial activities

Gross job gains

4,952 5,092 4,835 5,565 5,452 5.0 5.2 5.0 5.7 5.5

At expanding establishments

3,365 3,455 3,589 3,723 3,684 3.4 3.5 3.7 3.8 3.7

At opening establishments

1,587 1,637 1,246 1,842 1,768 1.6 1.7 1.3 1.9 1.8

Gross job losses

5,407 5,443 4,771 4,945 4,722 5.5 5.5 4.9 5.0 4.8

At contracting establishments

3,886 3,941 3,232 3,460 3,367 4.0 4.0 3.3 3.5 3.4

At closing establishments

1,521 1,502 1,539 1,485 1,355 1.5 1.5 1.6 1.5 1.4

Net employment change (2)

-455 -351 64 620 730 -0.5 -0.3 0.1 0.7 0.7

Professional and business services

Gross job gains

19,988 18,037 18,324 18,857 19,220 8.1 7.3 7.5 7.7 7.9

At expanding establishments

14,329 12,026 13,162 13,278 13,425 5.8 4.9 5.4 5.4 5.5

At opening establishments

5,659 6,011 5,162 5,579 5,795 2.3 2.4 2.1 2.3 2.4

Gross job losses

18,887 19,518 17,048 20,441 16,919 7.6 7.9 7.0 8.4 6.9

At contracting establishments

13,589 14,561 11,972 15,090 12,588 5.5 5.9 4.9 6.2 5.1

At closing establishments

5,298 4,957 5,076 5,351 4,331 2.1 2.0 2.1 2.2 1.8

Net employment change (2)

1,101 -1,481 1,276 -1,584 2,301 0.5 -0.6 0.5 -0.7 1.0

Education and health services

Gross job gains

11,987 12,309 11,051 11,712 12,530 5.5 5.5 5.0 5.2 5.6

At expanding establishments

9,616 10,020 8,409 8,055 9,882 4.4 4.5 3.8 3.6 4.4

At opening establishments

2,371 2,289 2,642 3,657 2,648 1.1 1.0 1.2 1.6 1.2

Gross job losses

9,687 10,047 9,352 11,339 9,557 4.4 4.6 4.2 5.1 4.3

At contracting establishments

7,622 7,064 7,194 8,609 7,129 3.5 3.2 3.2 3.9 3.2

At closing establishments

2,065 2,983 2,158 2,730 2,428 0.9 1.4 1.0 1.2 1.1

Net employment change (2)

2,300 2,262 1,699 373 2,973 1.1 0.9 0.8 0.1 1.3

Leisure and hospitality

Gross job gains

19,979 17,021 20,635 16,349 19,720 11.5 9.8 11.8 9.3 11.2

At expanding establishments

16,438 13,157 16,798 12,511 16,368 9.5 7.6 9.6 7.1 9.3

At opening establishments

3,541 3,864 3,837 3,838 3,352 2.0 2.2 2.2 2.2 1.9

Gross job losses

18,628 16,718 16,104 17,419 17,644 10.7 9.6 9.1 9.9 10.0

At contracting establishments

15,423 14,165 13,738 14,322 14,940 8.9 8.1 7.8 8.1 8.5

At closing establishments

3,205 2,553 2,366 3,097 2,704 1.8 1.5 1.3 1.8 1.5

Net employment change (2)

1,351 303 4,531 -1,070 2,076 0.8 0.2 2.7 -0.6 1.2

Other services (3)

Gross job gains

3,502 3,623 2,995 3,292 3,395 8.5 8.7 7.2 8.0 8.2

At expanding establishments

2,442 2,554 2,164 2,254 2,446 5.9 6.1 5.2 5.5 5.9

At opening establishments

1,060 1,069 831 1,038 949 2.6 2.6 2.0 2.5 2.3

Gross job losses

3,110 3,048 3,093 3,222 2,932 7.5 7.3 7.4 7.9 7.1

At contracting establishments

2,444 2,216 2,311 2,287 2,122 5.9 5.3 5.5 5.6 5.1

At closing establishments

666 832 782 935 810 1.6 2.0 1.9 2.3 2.0

Net employment change (2)

392 575 -98 70 463 1.0 1.4 -0.2 0.1 1.1

(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

(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