From March 2024 to June 2024, gross job gains from opening and expanding private-sector establishments in New York were 482,351, while gross job losses from closing and contracting private-sector establishments were 458,336, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner William J. Sibley noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 24,015 jobs in the private sector during the second quarter of 2024. During the previous quarter, gross job gains exceeded gross job losses by 78,833. (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 second quarter of 2024, gross job gains represented 5.9 percent of private-sector employment in New York; 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 New York, gross job gains at expanding establishments totaled 387,057 in the second quarter of 2024, a decrease of 544 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 95,294 jobs gained in the second quarter of 2024, a decrease of 5,447 jobs from the previous quarter.

Gross job losses

In the second quarter of 2024, gross job losses represented 5.5 percent of private-sector employment in New York; 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 New York, contracting establishments lost 364,167 jobs in the second quarter of 2024, an increase of 39,444 jobs from the prior quarter. Closing establishments lost 94,169 jobs, an increase of 9,383 jobs from the previous quarter.

Industries

Gross job gains exceeded gross job losses in 4 of the 11 published industry sectors in New York in the second quarter of 2024. Education and health services had the largest over-the-quarter net job increase, with a gain of 12,337 jobs. This was the result of 91,704 gross job gains and 79,367 gross job losses. The professional and business services industry had a net gain of 12,174 jobs. Construction showed a net loss of 8,242 jobs, the largest loss of any sector in the state. New York’s retail trade industry had a net loss of 7,483 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 Home.

The Business Employment Dynamics for Third Quarter 2024 are scheduled to be released on Wednesday, May 7, 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, New York, seasonally adjusted

Category	Gross job gains and losses (3 months ended)					Gross job gains and losses as a percent of employment (3 months ended)
	June 2023	Sept. 2023	Dec. 2023	Mar. 2024	June 2024	June 2023	Sept. 2023	Dec. 2023	Mar. 2024	June 2024
Total private (1)
Gross job gains	508,264	473,385	461,485	488,342	482,351	6.2	5.8	5.7	5.9	5.9
At expanding establishments	409,091	373,853	363,921	387,601	387,057	5.0	4.6	4.5	4.7	4.7
At opening establishments	99,173	99,532	97,564	100,741	95,294	1.2	1.2	1.2	1.2	1.2
Gross job losses	471,042	488,435	459,785	409,509	458,336	5.8	6.0	5.6	5.0	5.5
At contracting establishments	371,903	384,018	359,009	324,723	364,167	4.6	4.7	4.4	4.0	4.4
At closing establishments	99,139	104,417	100,776	84,786	94,169	1.2	1.3	1.2	1.0	1.1
Net employment change (2)	37,222	-15,050	1,700	78,833	24,015	0.4	-0.2	0.1	0.9	0.4
Construction
Gross job gains	37,071	34,380	35,521	39,579	33,574	9.4	8.9	9.2	10.1	8.5
At expanding establishments	28,876	26,433	27,657	31,004	26,487	7.3	6.8	7.2	7.9	6.7
At opening establishments	8,195	7,947	7,864	8,575	7,087	2.1	2.1	2.0	2.2	1.8
Gross job losses	41,613	40,163	37,975	31,366	41,816	10.5	10.4	9.9	8.0	10.6
At contracting establishments	31,692	30,638	28,465	23,667	31,517	8.0	7.9	7.4	6.0	8.0
At closing establishments	9,921	9,525	9,510	7,699	10,299	2.5	2.5	2.5	2.0	2.6
Net employment change (2)	-4,542	-5,783	-2,454	8,213	-8,242	-1.1	-1.5	-0.7	2.1	-2.1
Manufacturing
Gross job gains	15,286	15,211	13,466	13,604	14,098	3.6	3.7	3.2	3.3	3.4
At expanding establishments	13,490	12,843	11,807	12,090	12,224	3.2	3.1	2.8	2.9	2.9
At opening establishments	1,796	2,368	1,659	1,514	1,874	0.4	0.6	0.4	0.4	0.5
Gross job losses	16,585	17,747	16,384	13,932	17,235	3.9	4.2	3.9	3.3	4.1
At contracting establishments	13,906	15,275	13,779	12,277	14,252	3.3	3.6	3.3	2.9	3.4
At closing establishments	2,679	2,472	2,605	1,655	2,983	0.6	0.6	0.6	0.4	0.7
Net employment change (2)	-1,299	-2,536	-2,918	-328	-3,137	-0.3	-0.5	-0.7	0.0	-0.7
Wholesale trade
Gross job gains	13,690	12,472	12,991	12,419	12,869	4.4	4.0	4.2	4.0	4.1
At expanding establishments	11,294	9,969	10,337	10,378	10,877	3.6	3.2	3.3	3.3	3.5
At opening establishments	2,396	2,503	2,654	2,041	1,992	0.8	0.8	0.9	0.7	0.6
Gross job losses	13,919	13,847	14,129	12,368	13,617	4.5	4.4	4.5	3.9	4.3
At contracting establishments	10,514	10,378	10,286	9,730	10,413	3.4	3.3	3.3	3.1	3.3
At closing establishments	3,405	3,469	3,843	2,638	3,204	1.1	1.1	1.2	0.8	1.0
Net employment change (2)	-229	-1,375	-1,138	51	-748	-0.1	-0.4	-0.3	0.1	-0.2
Retail trade
Gross job gains	52,180	47,649	40,749	48,181	44,549	6.1	5.6	4.9	5.7	5.3
At expanding establishments	44,064	39,760	34,451	42,958	39,031	5.2	4.7	4.1	5.1	4.6
At opening establishments	8,116	7,889	6,298	5,223	5,518	0.9	0.9	0.8	0.6	0.7
Gross job losses	55,002	56,497	51,081	39,877	52,032	6.4	6.6	6.1	4.8	6.1
At contracting establishments	46,549	46,258	43,172	33,263	44,886	5.4	5.4	5.2	4.0	5.3
At closing establishments	8,453	10,239	7,909	6,614	7,146	1.0	1.2	0.9	0.8	0.8
Net employment change (2)	-2,822	-8,848	-10,332	8,304	-7,483	-0.3	-1.0	-1.2	0.9	-0.8
Transportation and warehousing
Gross job gains	15,041	13,864	25,985	11,017	12,798	5.3	4.9	9.0	3.8	4.4
At expanding establishments	13,216	12,073	19,401	9,087	11,579	4.7	4.3	6.7	3.1	4.0
At opening establishments	1,825	1,791	6,584	1,930	1,219	0.6	0.6	2.3	0.7	0.4
Gross job losses	15,493	14,795	12,547	18,574	15,386	5.4	5.2	4.3	6.3	5.3
At contracting establishments	13,095	12,261	10,373	16,719	13,407	4.6	4.3	3.6	5.7	4.6
At closing establishments	2,398	2,534	2,174	1,855	1,979	0.8	0.9	0.7	0.6	0.7
Net employment change (2)	-452	-931	13,438	-7,557	-2,588	-0.1	-0.3	4.7	-2.5	-0.9
Information
Gross job gains	11,816	12,517	14,872	17,120	12,002	4.0	4.5	5.4	6.1	4.3
At expanding establishments	9,075	8,634	12,750	15,463	9,738	3.1	3.1	4.6	5.5	3.5
At opening establishments	2,741	3,883	2,122	1,657	2,264	0.9	1.4	0.8	0.6	0.8
Gross job losses	23,840	22,179	14,141	11,671	16,567	8.3	8.0	5.2	4.2	5.9
At contracting establishments	20,492	18,676	10,915	9,399	14,198	7.1	6.7	4.0	3.4	5.1
At closing establishments	3,348	3,503	3,226	2,272	2,369	1.2	1.3	1.2	0.8	0.8
Net employment change (2)	-12,024	-9,662	731	5,449	-4,565	-4.3	-3.5	0.2	1.9	-1.6
Financial activities
Gross job gains	33,129	27,897	25,025	25,596	31,140	4.5	3.8	3.4	3.5	4.2
At expanding establishments	27,840	21,876	19,249	20,746	25,812	3.8	3.0	2.6	2.8	3.5
At opening establishments	5,289	6,021	5,776	4,850	5,328	0.7	0.8	0.8	0.7	0.7
Gross job losses	23,991	34,557	31,728	26,373	26,581	3.2	4.7	4.4	3.6	3.6
At contracting establishments	18,670	26,955	23,841	20,452	19,975	2.5	3.7	3.3	2.8	2.7
At closing establishments	5,321	7,602	7,887	5,921	6,606	0.7	1.0	1.1	0.8	0.9
Net employment change (2)	9,138	-6,660	-6,703	-777	4,559	1.3	-0.9	-1.0	-0.1	0.6
Professional and business services
Gross job gains	94,795	83,749	73,606	77,616	86,718	6.8	6.0	5.3	5.6	6.2
At expanding establishments	75,530	65,287	58,122	63,270	70,828	5.4	4.7	4.2	4.6	5.1
At opening establishments	19,265	18,462	15,484	14,346	15,890	1.4	1.3	1.1	1.0	1.1
Gross job losses	85,125	89,136	88,910	72,805	74,544	6.2	6.4	6.4	5.2	5.4
At contracting establishments	63,244	67,796	66,713	55,787	56,699	4.6	4.9	4.8	4.0	4.1
At closing establishments	21,881	21,340	22,197	17,018	17,845	1.6	1.5	1.6	1.2	1.3
Net employment change (2)	9,670	-5,387	-15,304	4,811	12,174	0.6	-0.4	-1.1	0.4	0.8
Education and health services
Gross job gains	92,532	98,419	90,762	95,938	91,704	4.4	4.7	4.3	4.5	4.2
At expanding establishments	83,326	87,830	83,065	89,012	82,840	4.0	4.2	3.9	4.2	3.8
At opening establishments	9,206	10,589	7,697	6,926	8,864	0.4	0.5	0.4	0.3	0.4
Gross job losses	75,255	67,327	71,369	66,532	79,367	3.6	3.3	3.4	3.1	3.7
At contracting establishments	64,263	57,737	60,651	56,236	69,415	3.1	2.8	2.9	2.6	3.2
At closing establishments	10,992	9,590	10,718	10,296	9,952	0.5	0.5	0.5	0.5	0.5
Net employment change (2)	17,277	31,092	19,393	29,406	12,337	0.8	1.4	0.9	1.4	0.5
Leisure and hospitality
Gross job gains	96,086	86,735	82,834	88,491	91,774	10.5	9.5	9.1	9.5	9.9
At expanding establishments	74,009	65,725	62,896	67,925	71,777	8.1	7.2	6.9	7.3	7.7
At opening establishments	22,077	21,010	19,938	20,566	19,997	2.4	2.3	2.2	2.2	2.2
Gross job losses	81,990	93,985	83,816	80,934	84,940	9.0	10.2	9.1	8.7	9.1
At contracting establishments	64,723	74,458	67,369	64,223	66,425	7.1	8.1	7.3	6.9	7.1
At closing establishments	17,267	19,527	16,447	16,711	18,515	1.9	2.1	1.8	1.8	2.0
Net employment change (2)	14,096	-7,250	-982	7,557	6,834	1.5	-0.7	0.0	0.8	0.8
Other services (3)
Gross job gains	24,176	22,207	20,881	21,289	22,145	7.5	6.8	6.4	6.6	6.8
At expanding establishments	19,286	16,948	16,654	17,302	18,131	6.0	5.2	5.1	5.4	5.6
At opening establishments	4,890	5,259	4,227	3,987	4,014	1.5	1.6	1.3	1.2	1.2
Gross job losses	22,192	22,734	22,674	21,022	22,154	6.8	7.0	7.0	6.6	6.8
At contracting establishments	16,306	16,773	17,439	16,008	16,193	5.0	5.2	5.4	5.0	5.0
At closing establishments	5,886	5,961	5,235	5,014	5,961	1.8	1.8	1.6	1.6	1.8
Net employment change (2)	1,984	-527	-1,793	267	-9	0.7	-0.2	-0.6	0.0	0.0
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 2023	Sept. 2023	Dec. 2023	Mar. 2024	June 2024	June 2023	Sept. 2023	Dec. 2023	Mar. 2024	June 2024
United States(1)	6.2	5.9	6.0	5.7	5.8	5.9	6.0	5.7	5.4	5.9
Alabama	6.0	6.0	6.2	5.7	5.6	5.7	6.0	5.7	5.5	5.6
Alaska	11.0	8.5	10.2	10.5	10.2	8.9	10.5	9.9	8.6	9.6
Arizona	7.0	6.8	6.5	8.4	5.6	6.3	5.7	6.6	6.4	6.8
Arkansas	5.9	5.6	6.2	5.6	5.2	6.0	5.8	5.0	5.2	5.8
California	6.8	6.4	6.4	5.8	6.1	6.4	6.5	6.4	5.6	6.8
Colorado	7.3	5.4	8.2	6.4	6.5	6.5	6.1	7.6	7.7	6.2
Connecticut	6.4	5.8	5.6	5.6	5.8	5.7	6.2	5.7	5.2	5.6
Delaware	6.4	6.0	6.1	6.0	5.9	5.8	6.5	5.8	5.1	6.5
District of Columbia	5.4	5.4	5.2	5.1	5.1	5.3	5.4	5.6	4.9	6.0
Florida	6.8	6.5	6.1	5.8	6.0	5.9	5.9	5.9	5.4	5.9
Georgia	6.3	6.1	6.2	6.0	5.7	6.4	6.1	5.7	5.7	5.7
Hawaii	5.7	5.3	6.1	5.4	5.1	5.3	6.8	5.0	5.1	5.4
Idaho	7.8	7.2	8.5	7.9	7.5	7.4	7.9	5.8	8.3	7.4
Illinois	5.4	4.8	5.0	5.1	5.2	5.2	5.3	5.1	4.8	5.3
Indiana	5.6	5.7	5.5	5.3	5.2	5.8	5.7	5.1	5.0	5.5
Iowa	6.0	5.6	6.1	6.1	5.5	5.9	5.8	5.7	5.6	5.7
Kansas	6.1	5.7	5.8	5.7	5.8	6.0	6.0	5.3	5.6	5.7
Kentucky	5.6	5.7	5.7	5.7	5.2	5.9	5.6	5.2	5.0	5.9
Louisiana	6.0	6.2	6.3	6.2	5.7	6.5	6.0	5.8	5.7	6.3
Maine	7.6	7.0	7.4	7.2	7.3	7.6	7.8	7.0	6.1	7.0
Maryland	6.7	6.3	6.2	5.8	7.2	6.6	6.4	5.8	5.7	6.5
Massachusetts	5.9	5.4	5.5	5.2	5.7	5.6	5.9	5.5	5.1	5.6
Michigan	5.9	5.2	5.5	5.4	5.7	5.3	5.9	5.5	5.2	5.6
Minnesota	6.0	3.3	6.9	5.8	5.7	5.5	4.3	6.9	5.7	5.4
Mississippi	6.4	6.2	6.1	5.7	5.8	6.5	6.2	5.7	6.1	6.3
Missouri	5.8	5.6	6.0	5.7	5.6	5.9	5.8	5.6	5.3	5.8
Montana	7.8	7.7	8.8	8.1	7.9	8.4	8.4	7.2	7.5	7.6
Nebraska	6.2	6.0	5.9	5.8	5.4	5.7	5.9	5.7	5.1	5.6
Nevada	6.5	6.5	6.7	5.9	5.8	5.9	5.6	5.4	6.2	5.7
New Hampshire	6.7	5.8	6.2	6.5	6.1	6.3	6.7	5.9	5.8	6.0
New Jersey	6.4	6.0	5.9	5.5	5.9	6.0	6.0	5.8	5.4	5.4
New Mexico	6.6	6.4	6.9	6.0	6.0	6.3	6.8	5.8	6.0	6.3
New York	6.2	5.8	5.7	5.9	5.9	5.8	6.0	5.6	5.0	5.5
North Carolina	6.1	5.7	6.3	5.4	5.6	5.7	6.1	4.9	5.5	5.7
North Dakota	6.9	6.6	6.7	6.9	6.6	6.7	6.6	6.3	6.1	6.6
Ohio	5.6	5.2	5.4	5.5	5.2	5.6	5.6	5.2	4.8	5.4
Oklahoma	6.3	6.3	6.1	5.6	5.6	6.1	6.0	5.8	5.2	6.4
Oregon	6.4	6.1	6.2	6.4	6.0	6.6	6.7	6.2	6.1	6.4
Pennsylvania	5.2	5.2	5.2	5.1	4.9	5.5	5.1	4.8	4.6	5.1
Rhode Island	6.7	6.4	6.8	6.9	6.6	6.8	6.7	6.3	5.7	6.7
South Carolina	6.4	6.6	6.2	6.4	5.9	6.6	5.7	5.3	6.3	6.4
South Dakota	6.7	6.3	6.6	6.3	6.0	6.0	6.3	5.8	5.8	6.3
Tennessee	5.8	5.6	6.2	5.5	5.5	5.5	5.7	5.5	4.9	5.7
Texas	5.8	5.7	5.7	5.4	5.4	5.4	5.5	5.2	5.1	5.3
Utah	6.9	6.9	6.6	6.7	6.4	6.4	6.6	6.5	6.0	6.6
Vermont	7.4	6.4	7.3	7.2	6.6	7.5	7.9	6.6	6.3	7.5
Virginia	6.1	5.9	5.9	5.7	5.7	5.9	6.0	5.5	5.2	5.6
Washington	6.1	5.8	6.0	5.7	5.7	5.7	6.0	5.4	5.3	5.3
West Virginia	6.1	6.5	6.5	6.9	6.6	6.4	6.6	5.8	5.7	6.8
Wisconsin	5.6	5.2	5.5	5.5	5.3	5.8	5.8	5.2	4.8	5.5
Wyoming	8.4	8.3	8.9	8.4	8.2	8.7	8.2	8.4	8.3	9.0
Puerto Rico	5.9	5.7	4.9	5.4	5.6	5.0	5.3	4.8	4.6	4.9
Virgin Islands	7.5	8.2	6.0	5.6	4.3	6.5	6.8	5.9	4.5	5.1
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.