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News Release Information

21-287-NEW
Monday, February 22, 2021

Contacts

Technical information:
Media contact:
  • (646) 264-3620

Business Employment Dynamics in New York — Second Quarter 2020

From March 2020 to June 2020, gross job gains from opening and expanding private-sector establishments in New York were 292,303, while gross job losses from closing and contracting private-sector establishments were 1,980,764, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment loss of 1,688,461 jobs in the private sector during the second quarter of 2020. During the previous quarter, gross job losses exceeded gross job gains by 72,328. (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 second quarter of 2020, gross job gains represented 3.9 percent of private-sector employment in New York; nationally, gross job gains accounted for 4.8 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 New York, gross job gains at expanding establishments totaled 210,097 in the second quarter of 2020, a decrease of 154,168 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 82,206 jobs gained in the second quarter of 2020, an increase of 3,734 jobs from the previous quarter.

Gross job losses

In the second quarter of 2020, gross job losses represented 26.9 percent of private-sector employment in New York; nationally, gross job losses accounted for 17.0 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 New York, contracting establishments lost 1,627,321 jobs in the second quarter of 2020, an increase of 1,233,123 jobs from the prior quarter. Closing establishments lost 353,443 jobs, an increase of 232,576 jobs from the previous quarter.

Industries

Gross job losses exceeded gross job gains in all 11 industry sectors in New York in the second quarter of 2020. Leisure and hospitality had the greatest over-the-quarter net job decrease, with a loss of 569,140 jobs. This was the result of 33,260 gross job gains and 602,400 gross job losses. The education and health services sector had a net decrease of 245,394 jobs, while retail trade had a net decrease of 237,996 jobs, the second and third largest sector losses in the state respectively. Financial activities had the lowest over-the-quarter net job decrease of any sector, with a loss of 38,853 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 Third Quarter 2020 are scheduled to be released on Wednesday, April 28, 2021.

Coronavirus (COVID-19) Effect on Second Quarter 2020 Business Employment Dynamics

Data collection and processing methods have been impacted because of the COVID-19 pandemic. More detail can be found at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-business-employment-dynamics.htm.


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 either units with positive third month employment in the previous quarter, with no employment or zero employment reported 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; Federal Relay Service: (800) 877-8339.

Table 1. Private sector gross job gains and losses by industry, New York, seasonally adjusted
CategoryGross job gains and job losses
(3 months ended)
Gross job gains and job losses
as a percent of employment
(3 months ended)
June
2019
Sept
2019
Dec.
2019
Mar.
2020
June
2020
June
2019
Sept
2019
Dec.
2019
Mar.
2020
June
2020

Total private (1)

Gross job gains

489,954469,675480,529442,737292,3036.15.86.05.53.9

At expanding establishments

402,392379,429387,040364,265210,0975.04.74.84.52.8

At opening establishments

87,56290,24693,48978,47282,2061.11.11.21.01.1

Gross job losses

476,870482,643465,753515,0651,980,7645.95.95.76.426.9

At contracting establishments

382,967390,682368,873394,1981,627,3214.74.84.54.922.1

At closing establishments

93,90391,96196,880120,867353,4431.21.11.21.54.8

Net employment change (2)

13,084-12,96814,776-72,328-1,688,4610.2-0.10.3-0.9-23.0

Construction

Gross job gains

40,54838,74439,07645,36528,6369.89.79.811.27.5

At expanding establishments

32,26930,00030,18337,33121,4707.87.57.69.25.6

At opening establishments

8,2798,7448,8938,0347,1662.02.22.22.01.9

Gross job losses

47,40742,52942,70037,483104,93511.510.610.79.227.5

At contracting establishments

37,55032,93232,99827,71483,1379.18.28.36.821.8

At closing establishments

9,8579,5979,7029,76921,7982.42.42.42.45.7

Net employment change (2)

-6,859-3,785-3,6247,882-76,299-1.7-0.9-0.92.0-20.0

Manufacturing

Gross job gains

16,20014,36414,38513,9169,6313.73.33.33.22.4

At expanding establishments

14,47813,17712,64612,0147,7163.33.02.92.81.9

At opening establishments

1,7221,1871,7391,9021,9150.40.30.40.40.5

Gross job losses

17,00918,44516,32217,38157,0413.94.23.74.013.9

At contracting establishments

14,89816,58513,99714,22349,2913.43.83.23.312.0

At closing establishments

2,1111,8602,3253,1587,7500.50.40.50.71.9

Net employment change (2)

-809-4,081-1,937-3,465-47,410-0.2-0.9-0.4-0.8-11.5

Wholesale trade

Gross job gains

14,96213,49813,55813,41210,1264.54.14.24.13.4

At expanding establishments

12,29911,13511,04010,9976,8603.73.43.43.42.3

At opening establishments

2,6632,3632,5182,4153,2660.80.70.80.71.1

Gross job losses

16,41616,10215,02616,16255,2635.04.94.75.118.2

At contracting establishments

12,35812,38411,51111,45446,0703.83.83.63.615.2

At closing establishments

4,0583,7183,5154,7089,1931.21.11.11.53.0

Net employment change (2)

-1,454-2,604-1,468-2,750-45,137-0.5-0.8-0.5-1.0-14.8

Retail trade

Gross job gains

55,37150,96553,35656,47941,3676.05.55.96.35.1

At expanding establishments

46,80943,57145,98249,68535,0515.14.75.15.54.3

At opening establishments

8,5627,3947,3746,7946,3160.90.80.80.80.8

Gross job losses

60,40963,03059,56657,382279,3636.56.96.66.434.0

At contracting establishments

50,33452,18249,53046,958240,7005.45.75.55.229.3

At closing establishments

10,07510,84810,03610,42438,6631.11.21.11.24.7

Net employment change (2)

-5,038-12,065-6,210-903-237,996-0.5-1.4-0.7-0.1-28.9

Transportation and warehousing

Gross job gains

14,71813,60825,16014,20413,1555.55.19.05.05.5

At expanding establishments

13,10712,06122,55313,26311,2754.94.58.14.74.7

At opening establishments

1,6111,5472,6079411,8800.60.60.90.30.8

Gross job losses

13,37211,51812,13922,884108,0285.04.34.48.144.7

At contracting establishments

10,9119,9059,89917,47197,2964.13.73.66.240.3

At closing establishments

2,4611,6132,2405,41310,7320.90.60.81.94.4

Net employment change (2)

1,3462,09013,021-8,680-94,8730.50.84.6-3.1-39.2

Information

Gross job gains

15,37814,80213,82413,6249,2005.55.35.04.83.4

At expanding establishments

12,88411,14411,31611,3106,5234.64.04.14.02.4

At opening establishments

2,4943,6582,5082,3142,6770.91.30.90.81.0

Gross job losses

14,38614,17516,68313,18356,6115.15.06.04.620.7

At contracting establishments

11,78011,27113,74210,49250,0024.24.04.93.718.3

At closing establishments

2,6062,9042,9412,6916,6090.91.01.10.92.4

Net employment change (2)

992627-2,859441-47,4110.40.3-1.00.2-17.3

Financial activities

Gross job gains

32,73028,73329,94127,14218,5394.54.04.23.82.6

At expanding establishments

27,49223,64723,77222,44913,3213.83.33.33.11.9

At opening establishments

5,2385,0866,1694,6935,2180.70.70.90.70.7

Gross job losses

29,12431,48530,11128,95357,3924.14.44.24.08.2

At contracting establishments

23,68325,31023,02722,87647,0223.33.53.23.26.7

At closing establishments

5,4416,1757,0846,07710,3700.80.91.00.81.5

Net employment change (2)

3,606-2,752-170-1,811-38,8530.4-0.40.0-0.2-5.6

Professional and business services

Gross job gains

89,32879,41885,07273,04362,9636.55.86.25.35.0

At expanding establishments

72,92064,60968,54659,39645,0855.34.75.04.33.6

At opening establishments

16,40814,80916,52613,64717,8781.21.11.21.01.4

Gross job losses

73,16081,97381,27682,197243,9315.35.95.96.019.3

At contracting establishments

56,45865,29361,43263,097211,3664.14.74.54.616.7

At closing establishments

16,70216,68019,84419,10032,5651.21.21.41.42.6

Net employment change (2)

16,168-2,5553,796-9,154-180,9681.2-0.10.3-0.7-14.3

Education and health services

Gross job gains

81,08487,98479,52976,56639,9614.14.54.03.92.1

At expanding establishments

73,87378,69671,19569,45030,2393.74.03.63.51.6

At opening establishments

7,2119,2888,3347,1169,7220.40.50.40.40.5

Gross job losses

78,09072,21071,90876,146285,3553.93.63.53.815.1

At contracting establishments

67,79162,23060,92465,437251,7513.43.13.03.313.3

At closing establishments

10,2999,98010,98410,70933,6040.50.50.50.51.8

Net employment change (2)

2,99415,7747,621420-245,3940.20.90.50.1-13.0

Leisure and hospitality

Gross job gains

92,01889,75286,16469,73433,2609.59.49.07.44.8

At expanding establishments

71,33666,78967,06855,35819,3767.47.07.05.92.8

At opening establishments

20,68222,96319,09614,37613,8842.12.42.01.52.0

Gross job losses

95,37296,93786,605119,978602,4009.910.19.112.887.0

At contracting establishments

74,18078,49468,63388,466469,3157.78.27.29.467.8

At closing establishments

21,19218,44317,97231,512133,0852.21.91.93.419.2

Net employment change (2)

-3,354-7,185-441-50,244-569,140-0.4-0.7-0.1-5.4-82.2

Other services (3)

Gross job gains

24,09724,81922,21520,89612,4516.97.26.56.24.3

At expanding establishments

19,46619,26417,09416,9488,3825.65.65.05.02.9

At opening establishments

4,6315,5555,1213,9484,0691.31.61.51.21.4

Gross job losses

23,31624,10722,83430,832113,2576.77.06.69.139.1

At contracting establishments

18,07018,63317,84920,99873,5145.25.45.26.225.4

At closing establishments

5,2465,4744,9859,83439,7431.51.61.42.913.7

Net employment change (2)

781712-619-9,936-100,8060.20.2-0.1-2.9-34.8

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
CategoryGross job gains as a percent of employment
(3 months ended)
Gross job losses as a percent of employment
(3 months ended)
June
2019
Sept.
2019
Dec.
2019
Mar.
2020
June
2020
June
2019
Sept.
2019
Dec.
2019
Mar.
2020
June
2020

United States(1)

6.15.96.25.54.85.95.85.56.117.0

Alabama

5.95.86.25.54.85.95.95.55.912.6

Alaska

10.79.610.39.26.910.110.110.29.524.5

Arizona

5.76.36.45.65.75.64.95.25.911.7

Arkansas

5.05.66.55.14.85.75.84.95.512.0

California

6.66.36.86.15.26.46.06.06.718.6

Colorado

7.06.66.76.35.86.26.46.27.014.9

Connecticut

5.85.55.55.24.35.85.85.65.919.7

Delaware

6.06.26.76.24.96.66.36.26.617.7

District of Columbia

5.45.55.45.23.35.55.34.75.322.4

Florida

6.56.66.65.46.16.35.85.96.213.9

Georgia

6.16.26.55.65.46.56.05.55.915.0

Hawaii

4.85.65.75.23.65.85.25.25.829.8

Idaho

7.17.07.77.66.46.76.86.36.111.2

Illinois

5.65.05.65.04.65.35.65.26.018.4

Indiana

5.15.46.04.94.75.95.65.16.013.7

Iowa

5.85.35.85.24.45.85.75.55.913.0

Kansas

5.75.66.35.45.05.85.75.76.013.3

Kentucky

5.85.96.25.34.66.05.75.66.115.3

Louisiana

6.25.95.95.34.56.56.15.76.316.9

Maine

7.46.57.36.45.47.47.36.97.021.7

Maryland

6.46.26.45.74.76.56.35.96.721.9

Massachusetts

6.05.35.85.23.75.65.95.66.024.2

Michigan

5.55.15.85.04.05.75.95.35.720.7

Minnesota

5.85.45.85.04.35.55.85.65.617.6

Mississippi

5.85.76.25.65.16.15.75.66.212.9

Missouri

5.75.86.25.24.75.85.85.35.714.3

Montana

8.17.48.67.76.87.77.77.27.713.8

Nebraska

5.75.76.25.84.95.75.55.86.112.1

Nevada

6.06.16.85.45.36.25.55.06.329.2

New Hampshire

6.45.86.66.04.56.36.66.06.418.8

New Jersey

6.26.06.55.74.65.96.25.86.328.1

New Mexico

6.36.87.06.14.56.56.16.36.517.6

New York

6.15.86.05.53.95.95.95.76.426.9

North Carolina

6.05.86.35.84.85.96.05.45.714.5

North Dakota

6.76.56.76.85.26.77.16.67.017.2

Ohio

5.75.35.75.14.55.75.95.35.614.4

Oklahoma

6.06.46.55.45.66.36.26.26.712.3

Oregon

6.36.26.76.25.06.16.25.86.518.4

Pennsylvania

5.35.25.44.93.65.45.14.95.618.2

Rhode Island

6.36.06.56.14.56.56.25.96.525.2

South Carolina

6.46.06.55.55.16.25.95.96.614.9

South Dakota

6.25.96.46.05.15.96.05.86.611.6

Tennessee

5.55.55.74.94.45.25.15.05.313.7

Texas

5.85.96.05.04.75.35.35.15.513.6

Utah

7.06.86.86.66.56.66.36.36.410.9

Vermont

7.16.36.95.84.67.17.66.47.618.5

Virginia

6.15.56.55.64.75.86.35.56.118.2

Washington

6.66.16.67.44.95.86.15.87.416.9

West Virginia

6.25.96.26.05.16.66.77.16.813.8

Wisconsin

5.54.85.45.04.45.35.95.05.314.4

Wyoming

8.58.69.48.66.49.58.98.79.318.1

Puerto Rico

6.45.95.45.04.05.85.54.95.216.9

Virgin Islands

8.912.010.37.25.36.96.47.38.319.8

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

 

Last Modified Date: Monday, February 22, 2021