Business Employment Dynamics in Florida — Third Quarter 2023

From June 2023 to September 2023, gross job gains from opening and expanding private-sector establishments were 564,943, while gross job losses from closing and contracting private-sector establishments in Florida were 505,174, 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 59,769 jobs in the private sector during the third quarter of 2023. During the previous quarter, gross job gains exceeded gross job losses by 81,846. (See chart 1.)

Chart 1. Private-sector gross job gains and losses in Florida, September 2018–September 2023, seasonally adjusted

View Chart Data

Chart 1. Private-sector gross job gains and losses in Florida, September 2018–September 2023, seasonally adjusted
Period	Gross job gains	Gross job losses
Sep. 2018	508,444	442,049
Dec. 2018	493,197	465,380
Mar. 2019	480,522	435,408
Jun. 2019	500,582	482,512
Sep. 2019	500,324	446,807
Dec. 2019	519,096	461,957
Mar. 2020	437,171	484,762
Jun. 2020	450,242	1,048,092
Sep. 2020	673,306	493,950
Dec. 2020	588,247	442,232
Mar. 2021	532,613	430,954
Jun. 2021	597,951	474,028
Sep. 2021	704,442	472,391
Dec. 2021	619,100	473,048
Mar. 2022	533,170	463,419
Jun. 2022	617,609	511,120
Sep. 2022	653,384	462,890
Dec. 2022	526,584	506,776
Mar. 2023	536,274	474,307
Jun. 2023	578,080	496,234
Sep. 2023	564,943	505,174

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 2023, gross job gains represented 6.5 percent of private-sector employment in Florida; 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 Florida, gross job gains at expanding establishments totaled 414,593 in the third quarter of 2023, a decrease of 4,694 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 150,350 jobs gained in the third quarter of 2023, a decrease of 8,443 jobs from the previous quarter.

View Chart Data

Chart 2. Private-sector gross job gains as a percent of employment, United States and Florida, September 2018–September 2023, seasonally adjusted
Period	Florida	United States
Sep. 2018	6.6	6.0
Dec. 2018	6.4	6.2
Mar. 2019	6.2	6.0
Jun. 2019	6.5	6.1
Sep. 2019	6.5	5.9
Dec. 2019	6.6	6.2
Mar. 2020	5.6	5.5
Jun. 2020	6.0	4.8
Sep. 2020	9.3	9.4
Dec. 2020	8.0	7.4
Mar. 2021	7.0	7.0
Jun. 2021	7.8	6.8
Sep. 2021	9.0	7.3
Dec. 2021	7.7	7.7
Mar. 2022	6.5	6.7
Jun. 2022	7.5	6.6
Sep. 2022	7.8	6.9
Dec. 2022	6.2	6.3
Mar. 2023	6.3	6.2
Jun. 2023	6.8	6.2
Sep. 2023	6.5	5.8

Gross job losses

In the third quarter of 2023, gross job losses represented 5.8 percent of private-sector employment in Florida; 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 Florida, contracting establishments lost 373,036 jobs in the third quarter of 2023, an increase of 7,943 jobs from the prior quarter. Closing establishments lost 132,138 jobs, an increase of 997 jobs from the previous quarter.

View Chart Data

Chart 3. Private-sector gross job losses as a percent of employment, United States and Florida, September 2018–September 2023, seasonally adjusted
Period	Florida	United States
Sep. 2018	5.8	6.0
Dec. 2018	6.1	5.6
Mar. 2019	5.7	5.5
Jun. 2019	6.2	5.9
Sep. 2019	5.8	5.8
Dec. 2019	5.9	5.6
Mar. 2020	6.1	6.2
Jun. 2020	14.0	16.9
Sep. 2020	6.8	6.0
Dec. 2020	6.0	5.7
Mar. 2021	5.8	5.5
Jun. 2021	6.2	5.9
Sep. 2021	6.0	6.1
Dec. 2021	5.9	5.4
Mar. 2022	5.7	5.5
Jun. 2022	6.3	6.2
Sep. 2022	5.6	5.9
Dec. 2022	6.0	5.9
Mar. 2023	5.6	5.4
Jun. 2023	5.8	5.9
Sep. 2023	5.8	5.9

Industries

Gross job gains exceeded gross job losses in 9 of the 11 industry sectors in Florida in the third quarter of 2023. Education and health services had the largest over-the-quarter net job increase, with a gain of 18,145 jobs. This was the result of 83,742 gross job gains and 65,597 gross job losses. The leisure and hospitality industry had a net gain of 9,712 jobs. Professional and business services had a net loss of 2,316 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 Fourth Quarter 2023 are scheduled to be released on Wednesday, July 24, 2024.

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, Florida, seasonally adjusted
Category	Gross job gains and losses (3 months ended)					Gross job gains and losses as a percent of employment (3 months ended)
Category	Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023	Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023
Total private (1)
Gross job gains	653,384	526,584	536,274	578,080	564,943	7.8	6.2	6.3	6.8	6.5
At expanding establishments	503,020	388,383	416,596	419,287	414,593	6.0	4.6	4.9	4.9	4.8
At opening establishments	150,364	138,201	119,678	158,793	150,350	1.8	1.6	1.4	1.9	1.7
Gross job losses	462,890	506,776	474,307	496,234	505,174	5.6	6.0	5.6	5.8	5.8
At contracting establishments	339,292	384,814	350,176	365,093	373,036	4.1	4.6	4.1	4.3	4.3
At closing establishments	123,598	121,962	124,131	131,141	132,138	1.5	1.4	1.5	1.5	1.5
Net employment change (2)	190,494	19,808	61,967	81,846	59,769	2.2	0.2	0.7	1.0	0.7
Construction
Gross job gains	51,638	51,245	52,582	49,946	49,396	8.5	8.4	8.5	7.9	7.9
At expanding establishments	36,919	36,598	38,463	35,875	34,490	6.1	6.0	6.2	5.7	5.5
At opening establishments	14,719	14,647	14,119	14,071	14,906	2.4	2.4	2.3	2.2	2.4
Gross job losses	44,117	42,431	42,202	49,596	47,280	7.3	6.9	6.8	7.9	7.5
At contracting establishments	31,274	28,969	28,620	33,052	33,839	5.2	4.7	4.6	5.3	5.4
At closing establishments	12,843	13,462	13,582	16,544	13,441	2.1	2.2	2.2	2.6	2.1
Net employment change (2)	7,521	8,814	10,380	350	2,116	1.2	1.5	1.7	0.0	0.4
Manufacturing
Gross job gains	21,510	17,492	17,898	19,287	17,880	5.3	4.2	4.3	4.6	4.3
At expanding establishments	17,187	13,712	14,015	15,259	13,346	4.2	3.3	3.4	3.6	3.2
At opening establishments	4,323	3,780	3,883	4,028	4,534	1.1	0.9	0.9	1.0	1.1
Gross job losses	14,827	16,583	16,279	16,814	16,321	3.6	4.0	4.0	4.0	3.9
At contracting establishments	11,192	12,613	12,299	12,294	12,641	2.7	3.0	3.0	2.9	3.0
At closing establishments	3,635	3,970	3,980	4,520	3,680	0.9	1.0	1.0	1.1	0.9
Net employment change (2)	6,683	909	1,619	2,473	1,559	1.7	0.2	0.3	0.6	0.4
Wholesale trade
Gross job gains	22,228	18,037	19,456	20,952	20,790	5.8	4.7	5.1	5.4	5.3
At expanding establishments	17,554	13,425	15,260	16,222	15,507	4.6	3.5	4.0	4.2	4.0
At opening establishments	4,674	4,612	4,196	4,730	5,283	1.2	1.2	1.1	1.2	1.3
Gross job losses	16,087	15,358	16,633	16,554	16,689	4.2	4.0	4.3	4.3	4.3
At contracting establishments	10,995	11,583	11,128	11,949	11,664	2.9	3.0	2.9	3.1	3.0
At closing establishments	5,092	3,775	5,505	4,605	5,025	1.3	1.0	1.4	1.2	1.3
Net employment change (2)	6,141	2,679	2,823	4,398	4,101	1.6	0.7	0.8	1.1	1.0
Retail trade
Gross job gains	71,584	56,233	62,549	68,836	66,067	6.3	5.0	5.5	6.0	5.7
At expanding establishments	60,027	45,268	54,243	55,796	53,485	5.3	4.0	4.8	4.9	4.6
At opening establishments	11,557	10,965	8,306	13,040	12,582	1.0	1.0	0.7	1.1	1.1
Gross job losses	59,633	64,211	51,383	59,564	60,555	5.3	5.7	4.6	5.2	5.2
At contracting establishments	50,716	54,077	42,716	49,757	49,613	4.5	4.8	3.8	4.3	4.3
At closing establishments	8,917	10,134	8,667	9,807	10,942	0.8	0.9	0.8	0.9	0.9
Net employment change (2)	11,951	-7,978	11,166	9,272	5,512	1.0	-0.7	0.9	0.8	0.5
Transportation and warehousing
Gross job gains	25,958	25,806	19,222	19,836	21,235	6.6	6.4	4.8	5.0	5.3
At expanding establishments	21,621	22,013	16,038	15,927	16,687	5.5	5.5	4.0	4.0	4.2
At opening establishments	4,337	3,793	3,184	3,909	4,548	1.1	0.9	0.8	1.0	1.1
Gross job losses	17,329	18,280	27,164	17,641	18,386	4.4	4.6	6.8	4.4	4.7
At contracting establishments	13,859	15,153	23,122	14,309	14,971	3.5	3.8	5.8	3.6	3.8
At closing establishments	3,470	3,127	4,042	3,332	3,415	0.9	0.8	1.0	0.8	0.9
Net employment change (2)	8,629	7,526	-7,942	2,195	2,849	2.2	1.8	-2.0	0.6	0.6
Information
Gross job gains	10,854	9,738	9,258	9,910	8,303	7.0	6.1	5.8	6.3	5.2
At expanding establishments	8,516	7,289	7,483	6,233	5,886	5.5	4.6	4.7	4.0	3.7
At opening establishments	2,338	2,449	1,775	3,677	2,417	1.5	1.5	1.1	2.3	1.5
Gross job losses	8,180	9,635	8,997	9,625	9,463	5.3	6.1	5.7	6.1	6.0
At contracting establishments	5,876	7,148	6,584	7,668	6,897	3.8	4.5	4.2	4.9	4.4
At closing establishments	2,304	2,487	2,413	1,957	2,566	1.5	1.6	1.5	1.2	1.6
Net employment change (2)	2,674	103	261	285	-1,160	1.7	0.0	0.1	0.2	-0.8
Financial activities
Gross job gains	42,103	37,376	37,992	38,015	35,378	6.4	5.7	5.7	5.7	5.3
At expanding establishments	31,330	25,802	29,046	26,461	24,713	4.8	3.9	4.4	4.0	3.7
At opening establishments	10,773	11,574	8,946	11,554	10,665	1.6	1.8	1.3	1.7	1.6
Gross job losses	33,303	36,155	34,739	31,344	33,574	5.1	5.5	5.3	4.8	5.0
At contracting establishments	23,443	26,173	23,727	21,012	23,084	3.6	4.0	3.6	3.2	3.4
At closing establishments	9,860	9,982	11,012	10,332	10,490	1.5	1.5	1.7	1.6	1.6
Net employment change (2)	8,800	1,221	3,253	6,671	1,804	1.3	0.2	0.4	0.9	0.3
Professional and business services
Gross job gains	143,294	116,606	116,289	120,296	114,313	9.0	7.2	7.2	7.4	7.0
At expanding establishments	106,742	80,623	86,511	87,507	83,471	6.7	5.0	5.4	5.4	5.1
At opening establishments	36,552	35,983	29,778	32,789	30,842	2.3	2.2	1.8	2.0	1.9
Gross job losses	106,504	116,572	102,147	114,012	116,629	6.7	7.2	6.3	7.0	7.2
At contracting establishments	73,342	85,618	72,895	81,433	82,208	4.6	5.3	4.5	5.0	5.1
At closing establishments	33,162	30,954	29,252	32,579	34,421	2.1	1.9	1.8	2.0	2.1
Net employment change (2)	36,790	34	14,142	6,284	-2,316	2.3	0.0	0.9	0.4	-0.2
Education and health services
Gross job gains	96,427	73,338	73,882	80,748	83,742	6.9	5.2	5.2	5.5	5.7
At expanding establishments	79,611	56,754	60,832	62,658	66,106	5.7	4.0	4.3	4.3	4.5
At opening establishments	16,816	16,584	13,050	18,090	17,636	1.2	1.2	0.9	1.2	1.2
Gross job losses	55,032	60,891	59,491	63,947	65,597	4.0	4.3	4.2	4.4	4.5
At contracting establishments	38,479	44,873	44,294	46,888	49,162	2.8	3.2	3.1	3.2	3.4
At closing establishments	16,553	16,018	15,197	17,059	16,435	1.2	1.1	1.1	1.2	1.1
Net employment change (2)	41,395	12,447	14,391	16,801	18,145	2.9	0.9	1.0	1.1	1.2
Leisure and hospitality
Gross job gains	121,376	88,119	92,883	100,905	99,326	9.7	6.9	7.3	7.9	7.7
At expanding establishments	95,881	66,280	71,930	72,916	74,856	7.7	5.2	5.7	5.7	5.8
At opening establishments	25,495	21,839	20,953	27,989	24,470	2.0	1.7	1.6	2.2	1.9
Gross job losses	79,907	89,717	84,050	86,786	89,614	6.4	7.1	6.7	6.8	6.9
At contracting establishments	61,695	72,310	65,529	66,186	67,923	4.9	5.7	5.2	5.2	5.2
At closing establishments	18,212	17,407	18,521	20,600	21,691	1.5	1.4	1.5	1.6	1.7
Net employment change (2)	41,469	-1,598	8,833	14,119	9,712	3.3	-0.2	0.6	1.1	0.8
Other services (3)
Gross job gains	23,405	21,499	21,394	22,640	22,037	8.8	7.9	7.8	8.3	7.9
At expanding establishments	17,267	14,653	15,276	15,263	15,029	6.5	5.4	5.6	5.6	5.4
At opening establishments	6,138	6,846	6,118	7,377	7,008	2.3	2.5	2.2	2.7	2.5
Gross job losses	17,631	20,108	18,226	20,860	20,107	6.6	7.4	6.6	7.6	7.2
At contracting establishments	11,411	13,818	12,421	14,039	13,701	4.3	5.1	4.5	5.1	4.9
At closing establishments	6,220	6,290	5,805	6,821	6,406	2.3	2.3	2.1	2.5	2.3
Net employment change (2)	5,774	1,391	3,168	1,780	1,930	2.2	0.5	1.2	0.7	0.7
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)
Category	Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023	Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023
United States(1)	6.9	6.3	6.2	6.2	5.8	5.9	5.9	5.4	5.9	5.9
Alabama	6.9	6.6	6.4	5.9	5.9	5.9	6.1	5.5	5.7	6.0
Alaska	8.5	10.9	10.4	11.0	8.5	10.4	9.2	8.0	8.9	10.5
Arizona	7.1	6.6	5.9	7.0	6.7	5.5	6.0	5.4	6.5	5.9
Arkansas	6.5	6.2	5.8	5.8	5.6	5.2	5.2	5.0	6.0	5.7
California	6.8	6.6	6.1	6.7	6.2	6.2	6.6	6.4	6.4	6.5
Colorado	7.0	7.6	7.2	7.3	5.5	7.1	6.9	6.5	6.6	6.2
Connecticut	6.3	5.9	6.1	6.4	5.8	6.2	5.9	5.3	5.7	6.2
Delaware	8.6	7.0	6.7	6.0	6.0	6.2	7.5	5.2	5.7	6.5
District of Columbia	7.2	5.6	5.9	5.4	5.5	5.0	5.5	4.8	5.3	5.4
Florida	7.8	6.2	6.3	6.8	6.5	5.6	6.0	5.6	5.8	5.8
Georgia	7.1	6.7	6.2	6.4	6.1	5.9	5.9	5.8	6.5	6.1
Hawaii	6.4	6.0	5.5	5.7	5.3	4.9	4.9	5.0	5.2	6.9
Idaho	7.8	8.4	7.9	7.9	7.3	7.5	6.9	7.5	7.5	8.2
Illinois	5.8	5.4	5.8	5.4	4.8	5.3	5.1	4.8	5.3	5.5
Indiana	6.4	5.7	5.5	5.5	5.8	5.5	5.2	5.0	6.1	5.8
Iowa	5.9	6.4	6.0	6.0	5.5	5.9	6.2	5.4	5.9	5.8
Kansas	7.4	6.3	6.1	6.1	5.7	5.5	5.6	5.4	6.0	6.0
Kentucky	6.6	6.0	6.1	5.6	5.7	5.4	5.3	4.9	5.9	5.5
Louisiana	6.9	6.1	6.3	6.1	6.2	5.7	6.2	5.6	6.4	6.0
Maine	7.6	7.4	7.7	7.6	6.8	7.3	6.8	6.2	7.6	7.8
Maryland	7.4	6.6	6.8	6.7	6.4	6.0	6.9	5.6	6.3	6.5
Massachusetts	6.2	5.5	5.8	5.9	5.4	6.1	5.8	4.7	5.7	6.1
Michigan	5.7	5.9	5.7	5.9	5.2	5.8	5.2	4.9	5.3	5.9
Minnesota	6.5	5.9	5.7	6.0	3.1	5.9	5.8	4.9	5.6	4.2
Mississippi	7.2	6.8	6.1	6.3	6.2	6.3	6.2	5.7	6.6	6.2
Missouri	6.8	6.1	6.5	5.9	5.6	6.3	5.8	5.1	5.9	5.8
Montana	8.7	9.2	8.7	7.8	7.7	7.8	7.8	7.1	8.4	8.5
Nebraska	7.1	6.0	6.3	6.0	6.0	6.1	5.7	5.1	5.6	5.9
Nevada	7.4	6.4	6.2	6.6	6.5	5.8	6.1	5.7	6.0	5.5
New Hampshire	6.9	6.7	7.0	6.7	5.9	6.7	6.0	5.9	6.3	6.7
New Jersey	6.8	6.8	6.1	6.8	5.9	6.4	5.9	5.7	5.9	5.9
New Mexico	8.0	6.7	6.8	6.4	6.1	5.9	6.2	5.9	6.2	6.7
New York	6.6	5.9	6.5	6.3	5.8	5.9	6.0	5.1	5.7	6.1
North Carolina	6.7	6.6	6.4	6.1	5.6	5.8	5.7	5.3	5.7	6.2
North Dakota	7.6	6.4	7.6	6.9	6.6	6.3	6.7	5.6	6.7	6.6
Ohio	5.8	5.9	5.8	5.6	5.2	5.5	5.7	4.9	5.7	5.7
Oklahoma	7.4	6.6	6.3	6.2	6.2	5.6	5.9	5.3	6.0	6.0
Oregon	6.7	6.5	7.3	6.4	6.1	6.0	6.2	6.1	6.9	6.9
Pennsylvania	6.1	5.5	5.5	5.2	5.2	5.1	5.2	4.6	5.5	5.2
Rhode Island	6.7	6.9	7.5	6.7	6.5	7.3	6.4	5.9	7.0	6.8
South Carolina	7.3	6.9	6.8	6.4	6.8	5.6	6.2	5.8	6.8	5.7
South Dakota	7.3	6.5	7.2	6.8	6.3	6.4	6.5	5.9	6.2	6.3
Tennessee	7.0	5.8	5.9	5.9	2.7	5.5	5.6	5.0	5.5	4.2
Texas	7.2	6.2	5.9	5.8	5.7	5.3	5.3	5.0	5.4	5.5
Utah	7.5	6.9	7.0	6.8	6.8	6.8	6.6	6.2	6.2	6.5
Vermont	7.2	7.8	8.2	7.4	6.3	7.8	7.0	6.0	7.5	8.0
Virginia	7.5	6.2	6.2	6.0	5.8	6.1	5.8	5.2	5.8	6.0
Washington	7.2	5.9	6.4	6.0	5.4	6.3	5.3	5.5	5.6	6.0
West Virginia	8.1	6.6	7.1	6.1	6.5	6.9	6.4	5.3	6.1	6.5
Wisconsin	6.0	6.0	6.0	5.6	5.2	5.8	5.5	4.9	5.9	5.9
Wyoming	9.2	9.2	8.9	8.4	8.2	8.4	7.9	7.8	8.7	8.2
Puerto Rico	6.2	6.6	5.1	5.8	5.7	5.3	6.1	5.7	4.9	5.4
Virgin Islands	8.5	5.9	7.5	7.4	8.2	5.5	4.7	6.5	6.8	7.1
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.

Last Modified Date: Tuesday, May 07, 2024

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