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News Release Information

23-1678-ATL
Thursday, August 03, 2023

Contacts Technical information: Media contact:
  • (404) 893-4220

Business Employment Dynamics in Georgia — Fourth Quarter 2022

From September 2022 to December 2022, gross job gains from opening and expanding private-sector establishments in Georgia were 267,138, while gross job losses from closing and contracting private-sector establishments were 242,334, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Victoria G. Lee noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 24,804 in the private sector during the fourth quarter of 2022. In the previous quarter, gross job gains exceeded gross job losses by 42,989. (See chart 1.)

  Chart 1. Private-sector gross job gains and losses in Georgia, December 2017–December 2022, seasonally adjusted

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 Technical Note.)

Gross job gains

In the fourth quarter of 2022, gross job gains represented 6.5 percent of private-sector employment in Georgia; 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 Georgia, gross job gains at expanding establishments totaled 207,979 in the fourth quarter of 2022, a decrease of 20,605 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 59,159 jobs gained in the fourth quarter of 2022, an increase of 1,522 jobs from the previous quarter.

  Chart 2. Private-sector gross job gains as a percent of employment, United States and Georgia, December 2017–December 2022 seasonally adjusted
Gross job losses

In the fourth quarter of 2022, gross job losses represented 5.9 percent of private-sector employment in Georgia; nationally, gross job losses also 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 Georgia, contracting establishments lost 188,520 jobs in the fourth quarter of 2022, an increase of 3,339 jobs from the prior quarter. Closing establishments lost 53,814 jobs, a decrease of 4,237 jobs from the previous quarter.

  Chart 3. Private-sector gross job losses as a percent of employment, United States and Georgia, December 2017–December 2022, seasonally adjusted
Industries

Gross job gains exceeded gross job losses in 8 of 11 industry sectors in Georgia in the fourth quarter of 2022. Leisure and hospitality had the largest over-the-quarter net job increase, with a gain of 8,519 jobs. This was the result of 43,464 gross job gains and 34,945 gross job losses. Transportation and warehousing had a net gain of 4,720 jobs. Retail trade showed a net loss of 3,836 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 www.bls.gov/bdm/.

The Business Employment Dynamics for First Quarter 2023 are scheduled to be released on Wednesday, October 25, 2023, at 10:00 a.m. (ET).

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, Georgia, 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

309,130 268,652 265,027 286,221 267,138 7.9 6.8 6.6 7.0 6.5

At expanding establishments

245,095 210,352 203,450 228,584 207,979 6.3 5.3 5.1 5.6 5.1

At opening establishments

64,035 58,300 61,577 57,637 59,159 1.6 1.5 1.5 1.4 1.4

Gross job losses

216,525 226,310 267,349 243,232 242,334 5.5 5.7 6.7 6.0 5.9

At contracting establishments

164,416 178,580 207,844 185,181 188,520 4.2 4.5 5.2 4.6 4.6

At closing establishments

52,109 47,730 59,505 58,051 53,814 1.3 1.2 1.5 1.4 1.3

Net employment change (2)

92,605 42,342 -2,322 42,989 24,804 2.4 1.1 -0.1 1.0 0.6

Construction

Gross job gains

16,842 15,214 15,332 14,828 15,983 8.2 7.3 7.2 7.0 7.4

At expanding establishments

13,193 12,298 11,930 11,984 12,708 6.4 5.9 5.6 5.7 5.9

At opening establishments

3,649 2,916 3,402 2,844 3,275 1.8 1.4 1.6 1.3 1.5

Gross job losses

13,547 14,024 15,181 15,593 15,189 6.5 6.7 7.2 7.4 7.2

At contracting establishments

10,040 10,929 11,635 11,390 11,446 4.8 5.2 5.5 5.4 5.4

At closing establishments

3,507 3,095 3,546 4,203 3,743 1.7 1.5 1.7 2.0 1.8

Net employment change (2)

3,295 1,190 151 -765 794 1.7 0.6 0.0 -0.4 0.2

Manufacturing

Gross job gains

19,423 14,733 14,202 16,777 15,160 4.8 3.6 3.5 4.1 3.6

At expanding establishments

17,687 13,628 12,559 14,889 13,380 4.4 3.3 3.1 3.6 3.2

At opening establishments

1,736 1,105 1,643 1,888 1,780 0.4 0.3 0.4 0.5 0.4

Gross job losses

10,571 11,150 12,894 13,592 14,640 2.7 2.7 3.1 3.3 3.5

At contracting establishments

8,629 9,406 11,091 11,421 12,879 2.2 2.3 2.7 2.8 3.1

At closing establishments

1,942 1,744 1,803 2,171 1,761 0.5 0.4 0.4 0.5 0.4

Net employment change (2)

8,852 3,583 1,308 3,185 520 2.1 0.9 0.4 0.8 0.1

Wholesale trade

Gross job gains

13,463 11,596 11,805 13,181 10,628 6.3 5.4 5.4 5.9 4.7

At expanding establishments

11,205 9,942 10,022 11,574 9,313 5.2 4.6 4.6 5.2 4.1

At opening establishments

2,258 1,654 1,783 1,607 1,315 1.1 0.8 0.8 0.7 0.6

Gross job losses

8,276 8,613 11,174 9,432 8,647 3.9 4.0 5.1 4.2 3.9

At contracting establishments

6,350 6,484 8,277 7,104 6,692 3.0 3.0 3.8 3.2 3.0

At closing establishments

1,926 2,129 2,897 2,328 1,955 0.9 1.0 1.3 1.0 0.9

Net employment change (2)

5,187 2,983 631 3,749 1,981 2.4 1.4 0.3 1.7 0.8

Retail trade

Gross job gains

31,428 33,532 26,569 31,848 27,208 6.2 6.6 5.2 6.2 5.3

At expanding establishments

27,192 29,620 22,605 27,493 22,936 5.4 5.8 4.4 5.4 4.5

At opening establishments

4,236 3,912 3,964 4,355 4,272 0.8 0.8 0.8 0.8 0.8

Gross job losses

28,078 25,367 33,713 30,741 31,044 5.6 5.0 6.6 6.0 6.1

At contracting establishments

23,657 21,939 29,844 26,576 26,603 4.7 4.3 5.8 5.2 5.2

At closing establishments

4,421 3,428 3,869 4,165 4,441 0.9 0.7 0.8 0.8 0.9

Net employment change (2)

3,350 8,165 -7,144 1,107 -3,836 0.6 1.6 -1.4 0.2 -0.8

Transportation and warehousing

Gross job gains

22,193 14,133 12,549 14,858 16,354 9.4 5.8 4.8 5.7 6.2

At expanding establishments

19,620 11,864 10,225 13,023 12,691 8.3 4.9 3.9 5.0 4.8

At opening establishments

2,573 2,269 2,324 1,835 3,663 1.1 0.9 0.9 0.7 1.4

Gross job losses

7,978 13,827 16,493 12,452 11,634 3.4 5.7 6.4 4.8 4.5

At contracting establishments

6,139 12,370 14,530 10,099 9,361 2.6 5.1 5.6 3.9 3.6

At closing establishments

1,839 1,457 1,963 2,353 2,273 0.8 0.6 0.8 0.9 0.9

Net employment change (2)

14,215 306 -3,944 2,406 4,720 6.0 0.1 -1.6 0.9 1.7

Information

Gross job gains

9,653 14,321 8,068 9,979 7,654 7.8 11.2 6.3 7.9 6.1

At expanding establishments

8,331 13,021 6,936 8,902 6,490 6.7 10.2 5.4 7.0 5.2

At opening establishments

1,322 1,300 1,132 1,077 1,164 1.1 1.0 0.9 0.9 0.9

Gross job losses

12,309 7,459 13,507 9,210 9,239 9.9 5.8 10.5 7.3 7.4

At contracting establishments

9,644 6,289 11,880 7,357 7,990 7.8 4.9 9.2 5.8 6.4

At closing establishments

2,665 1,170 1,627 1,853 1,249 2.1 0.9 1.3 1.5 1.0

Net employment change (2)

-2,656 6,862 -5,439 769 -1,585 -2.1 5.4 -4.2 0.6 -1.3

Financial activities

Gross job gains

19,833 14,660 15,123 16,763 14,192 7.8 5.8 5.8 6.4 5.3

At expanding establishments

15,568 11,953 11,891 14,258 10,966 6.1 4.7 4.6 5.4 4.1

At opening establishments

4,265 2,707 3,232 2,505 3,226 1.7 1.1 1.2 1.0 1.2

Gross job losses

13,982 13,245 14,248 14,249 14,999 5.5 5.2 5.5 5.4 5.6

At contracting establishments

9,955 9,517 10,717 10,239 11,204 3.9 3.7 4.1 3.9 4.2

At closing establishments

4,027 3,728 3,531 4,010 3,795 1.6 1.5 1.4 1.5 1.4

Net employment change (2)

5,851 1,415 875 2,514 -807 2.3 0.6 0.3 1.0 -0.3

Professional and business services

Gross job gains

70,287 52,108 59,205 64,415 57,368 9.4 6.9 7.8 8.3 7.4

At expanding establishments

56,601 43,146 47,639 50,451 47,257 7.6 5.7 6.3 6.5 6.1

At opening establishments

13,686 8,962 11,566 13,964 10,111 1.8 1.2 1.5 1.8 1.3

Gross job losses

45,507 52,740 63,933 56,074 54,764 6.1 7.0 8.4 7.2 7.0

At contracting establishments

33,813 42,327 50,434 44,289 43,130 4.5 5.6 6.6 5.7 5.5

At closing establishments

11,694 10,413 13,499 11,785 11,634 1.6 1.4 1.8 1.5 1.5

Net employment change (2)

24,780 -632 -4,728 8,341 2,604 3.3 -0.1 -0.6 1.1 0.4

Education and health services

Gross job gains

34,971 30,464 32,213 33,253 32,152 6.0 5.2 5.5 5.5 5.3

At expanding establishments

26,673 24,131 25,932 28,398 26,201 4.6 4.1 4.4 4.7 4.3

At opening establishments

8,298 6,333 6,281 4,855 5,951 1.4 1.1 1.1 0.8 1.0

Gross job losses

26,900 26,480 30,173 25,433 29,490 4.7 4.5 5.1 4.3 4.8

At contracting establishments

21,232 20,119 21,094 17,866 22,571 3.7 3.4 3.6 3.0 3.7

At closing establishments

5,668 6,361 9,079 7,567 6,919 1.0 1.1 1.5 1.3 1.1

Net employment change (2)

8,071 3,984 2,040 7,820 2,662 1.3 0.7 0.4 1.2 0.5

Leisure and hospitality

Gross job gains

46,659 38,322 43,884 44,364 43,464 10.2 8.2 9.2 9.2 8.9

At expanding establishments

37,178 28,590 32,389 34,602 33,300 8.1 6.1 6.8 7.2 6.8

At opening establishments

9,481 9,732 11,495 9,762 10,164 2.1 2.1 2.4 2.0 2.1

Gross job losses

34,160 36,738 36,637 39,280 34,945 7.4 7.9 7.7 8.2 7.1

At contracting establishments

26,446 29,938 27,435 30,232 26,645 5.7 6.4 5.8 6.3 5.4

At closing establishments

7,714 6,800 9,202 9,048 8,300 1.7 1.5 1.9 1.9 1.7

Net employment change (2)

12,499 1,584 7,247 5,084 8,519 2.8 0.3 1.5 1.0 1.8

Other services (3)

Gross job gains

10,210 8,206 9,438 10,035 9,235 9.6 7.8 8.9 9.2 8.4

At expanding establishments

7,622 6,126 6,927 7,500 7,278 7.2 5.8 6.5 6.9 6.6

At opening establishments

2,588 2,080 2,511 2,535 1,957 2.4 2.0 2.4 2.3 1.8

Gross job losses

7,789 8,385 9,024 8,441 8,657 7.3 7.9 8.5 7.7 7.8

At contracting establishments

5,528 5,819 5,929 5,494 6,074 5.2 5.5 5.6 5.0 5.5

At closing establishments

2,261 2,566 3,095 2,947 2,583 2.1 2.4 2.9 2.7 2.3

Net employment change (2)

2,421 -179 414 1,594 578 2.3 -0.1 0.4 1.5 0.6

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: Thursday, August 03, 2023