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News Release Information

25-794-ATL
Wednesday, May 14, 2025

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

Business Employment Dynamics in Georgia — Third Quarter 2024

From June 2024 to September 2024, gross job losses from closing and contracting private-sector establishments in Georgia were 256,335, while gross job gains from opening and expanding private-sector establishments were 239,213 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 loss of 17,122 jobs in the private sector during the third quarter of 2024. (See table 1.) During the previous quarter, gross job gains exceeded gross job losses. (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 losses

In the third quarter of 2024, gross job losses represented 6.1 percent of private-sector employment in Georgia; nationally, gross job losses accounted for 5.8 percent of private-sector employment. (See chart 2.) 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 193,425 jobs in the third quarter of 2024, an increase of 837 jobs from the prior quarter. Closing establishments lost 62,910 jobs, an increase of 16,011 jobs from the previous quarter.

Gross job gains

In the third quarter of 2024, gross job gains represented 5.7 percent of private-sector employment in Georgia; nationally, gross job gains accounted for 5.8 percent of private-sector employment. (See chart 3.) 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 186,943 in the third quarter of 2024, a decrease of 4,454 jobs compared to the previous quarter. Opening establishments accounted for 52,270 jobs gained in the third quarter of 2024, an increase of 4,154 jobs from the previous quarter.

Industries

Gross job losses exceeded gross job gains in 8 of the 11 published industry sectors in Georgia in the third quarter of 2024. Leisure and hospitality had the largest over-the-quarter net job decrease, with a loss of 8,712 jobs. This was the result of 37,494 gross job gains and 46,206 gross job losses. The retail trade industry had a net loss of 5,955 jobs. Education and health services had a net gain of 1,363 jobs, followed by transportation and warehousing with a net gain of 1,149 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 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, 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)
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

253,474 259,589 251,318 239,513 239,213 6.1 6.2 6.0 5.7 5.7

At expanding establishments

198,625 200,940 194,960 191,397 186,943 4.8 4.8 4.7 4.6 4.5

At opening establishments

54,849 58,649 56,358 48,116 52,270 1.3 1.4 1.3 1.1 1.2

Gross job losses

251,559 236,746 236,982 239,487 256,335 6.1 5.7 5.7 5.7 6.1

At contracting establishments

193,890 181,616 186,450 192,588 193,425 4.7 4.4 4.5 4.6 4.6

At closing establishments

57,669 55,130 50,532 46,899 62,910 1.4 1.3 1.2 1.1 1.5

Net employment change (2)

1,915 22,843 14,336 26 -17,122 0.0 0.5 0.3 0.0 -0.4

Construction

Gross job gains

16,496 17,234 17,446 15,637 16,187 7.5 7.8 7.7 6.8 7.1

At expanding establishments

12,587 13,472 13,435 12,582 12,363 5.7 6.1 5.9 5.5 5.4

At opening establishments

3,909 3,762 4,011 3,055 3,824 1.8 1.7 1.8 1.3 1.7

Gross job losses

16,633 13,943 14,769 15,691 15,879 7.6 6.3 6.5 6.8 6.9

At contracting establishments

12,301 10,244 11,152 11,713 11,904 5.6 4.6 4.9 5.1 5.2

At closing establishments

4,332 3,699 3,617 3,978 3,975 2.0 1.7 1.6 1.7 1.7

Net employment change (2)

-137 3,291 2,677 -54 308 -0.1 1.5 1.2 0.0 0.2

Manufacturing

Gross job gains

16,064 14,868 14,593 13,880 13,740 3.7 3.4 3.5 3.3 3.2

At expanding establishments

14,200 13,011 13,074 12,348 12,106 3.3 3.0 3.1 2.9 2.8

At opening establishments

1,864 1,857 1,519 1,532 1,634 0.4 0.4 0.4 0.4 0.4

Gross job losses

14,411 16,926 12,733 14,077 15,616 3.4 3.9 3.0 3.3 3.6

At contracting establishments

12,203 14,609 10,703 12,498 13,013 2.9 3.4 2.5 2.9 3.0

At closing establishments

2,208 2,317 2,030 1,579 2,603 0.5 0.5 0.5 0.4 0.6

Net employment change (2)

1,653 -2,058 1,860 -197 -1,876 0.3 -0.5 0.5 0.0 -0.4

Wholesale trade

Gross job gains

10,441 11,175 9,116 9,576 9,552 4.6 4.9 4.0 4.2 4.2

At expanding establishments

8,822 9,032 7,578 7,743 8,326 3.9 4.0 3.3 3.4 3.7

At opening establishments

1,619 2,143 1,538 1,833 1,226 0.7 0.9 0.7 0.8 0.5

Gross job losses

10,117 9,315 10,174 9,938 9,917 4.5 4.1 4.5 4.4 4.3

At contracting establishments

7,731 7,457 7,920 8,156 7,340 3.4 3.3 3.5 3.6 3.2

At closing establishments

2,386 1,858 2,254 1,782 2,577 1.1 0.8 1.0 0.8 1.1

Net employment change (2)

324 1,860 -1,058 -362 -365 0.1 0.8 -0.5 -0.2 -0.1

Retail trade

Gross job gains

27,741 25,483 26,676 26,244 24,272 5.4 5.0 5.2 5.0 4.8

At expanding establishments

23,750 21,136 23,142 22,511 21,360 4.6 4.1 4.5 4.3 4.2

At opening establishments

3,991 4,347 3,534 3,733 2,912 0.8 0.9 0.7 0.7 0.6

Gross job losses

31,110 28,168 23,533 28,537 30,227 6.0 5.5 4.6 5.5 5.9

At contracting establishments

26,227 24,188 20,064 24,703 26,013 5.1 4.7 3.9 4.8 5.1

At closing establishments

4,883 3,980 3,469 3,834 4,214 0.9 0.8 0.7 0.7 0.8

Net employment change (2)

-3,369 -2,685 3,143 -2,293 -5,955 -0.6 -0.5 0.6 -0.5 -1.1

Transportation and warehousing

Gross job gains

11,976 21,068 10,760 12,675 13,578 4.4 7.7 3.9 4.8 5.1

At expanding establishments

9,987 18,367 9,012 11,186 11,935 3.7 6.7 3.3 4.2 4.5

At opening establishments

1,989 2,701 1,748 1,489 1,643 0.7 1.0 0.6 0.6 0.6

Gross job losses

12,916 11,883 21,414 11,344 12,429 4.8 4.3 7.9 4.2 4.6

At contracting establishments

10,940 9,143 19,249 9,407 10,244 4.1 3.3 7.1 3.5 3.8

At closing establishments

1,976 2,740 2,165 1,937 2,185 0.7 1.0 0.8 0.7 0.8

Net employment change (2)

-940 9,185 -10,654 1,331 1,149 -0.4 3.4 -4.0 0.6 0.5

Information

Gross job gains

5,698 7,049 13,500 7,207 7,309 5.0 6.3 11.6 6.1 6.2

At expanding establishments

4,212 5,698 12,426 6,134 5,629 3.7 5.1 10.7 5.2 4.8

At opening establishments

1,486 1,351 1,074 1,073 1,680 1.3 1.2 0.9 0.9 1.4

Gross job losses

11,792 5,726 6,485 11,660 10,184 10.4 5.1 5.6 9.8 8.8

At contracting establishments

9,746 4,560 5,421 9,922 8,376 8.6 4.1 4.7 8.3 7.2

At closing establishments

2,046 1,166 1,064 1,738 1,808 1.8 1.0 0.9 1.5 1.6

Net employment change (2)

-6,094 1,323 7,015 -4,453 -2,875 -5.4 1.2 6.0 -3.7 -2.6

Financial activities

Gross job gains

14,849 14,893 12,588 13,834 13,374 5.5 5.5 4.6 5.0 4.9

At expanding establishments

11,595 10,849 9,818 10,726 9,810 4.3 4.0 3.6 3.9 3.6

At opening establishments

3,254 4,044 2,770 3,108 3,564 1.2 1.5 1.0 1.1 1.3

Gross job losses

15,163 14,221 14,466 12,101 13,964 5.6 5.3 5.3 4.5 5.2

At contracting establishments

11,077 10,214 10,045 8,957 9,717 4.1 3.8 3.7 3.3 3.6

At closing establishments

4,086 4,007 4,421 3,144 4,247 1.5 1.5 1.6 1.2 1.6

Net employment change (2)

-314 672 -1,878 1,733 -590 -0.1 0.2 -0.7 0.5 -0.3

Professional and business services

Gross job gains

53,572 49,373 45,998 46,931 51,159 7.0 6.5 6.1 6.3 6.9

At expanding establishments

43,059 38,606 35,711 37,437 39,379 5.6 5.1 4.7 5.0 5.3

At opening establishments

10,513 10,767 10,287 9,494 11,780 1.4 1.4 1.4 1.3 1.6

Gross job losses

55,335 54,459 50,321 53,883 54,882 7.2 7.1 6.7 7.2 7.3

At contracting establishments

43,071 42,147 39,779 43,357 39,915 5.6 5.5 5.3 5.8 5.3

At closing establishments

12,264 12,312 10,542 10,526 14,967 1.6 1.6 1.4 1.4 2.0

Net employment change (2)

-1,763 -5,086 -4,323 -6,952 -3,723 -0.2 -0.6 -0.6 -0.9 -0.4

Education and health services

Gross job gains

33,908 32,290 36,933 34,136 32,207 5.2 5.0 5.6 5.1 4.8

At expanding establishments

28,033 26,510 30,302 28,374 26,869 4.3 4.1 4.6 4.2 4.0

At opening establishments

5,875 5,780 6,631 5,762 5,338 0.9 0.9 1.0 0.9 0.8

Gross job losses

25,088 25,478 26,409 27,105 30,844 3.8 3.9 4.0 4.0 4.6

At contracting establishments

18,999 19,042 19,748 21,115 22,208 2.9 2.9 3.0 3.1 3.3

At closing establishments

6,089 6,436 6,661 5,990 8,636 0.9 1.0 1.0 0.9 1.3

Net employment change (2)

8,820 6,812 10,524 7,031 1,363 1.4 1.1 1.6 1.1 0.2

Leisure and hospitality

Gross job gains

43,782 44,937 40,382 40,782 37,494 8.7 8.9 7.9 8.0 7.3

At expanding establishments

32,368 32,896 29,324 31,702 28,309 6.4 6.5 5.7 6.2 5.5

At opening establishments

11,414 12,041 11,058 9,080 9,185 2.3 2.4 2.2 1.8 1.8

Gross job losses

41,915 39,495 40,112 38,331 46,206 8.3 7.7 7.8 7.4 9.0

At contracting establishments

32,292 30,305 32,451 31,618 34,562 6.4 5.9 6.3 6.1 6.7

At closing establishments

9,623 9,190 7,661 6,713 11,644 1.9 1.8 1.5 1.3 2.3

Net employment change (2)

1,867 5,442 270 2,451 -8,712 0.4 1.2 0.1 0.6 -1.7

Other services (3)

Gross job gains

8,555 9,903 9,079 9,957 9,484 7.4 8.7 7.8 8.5 8.0

At expanding establishments

6,330 7,063 6,372 7,416 7,072 5.5 6.2 5.5 6.3 6.0

At opening establishments

2,225 2,840 2,707 2,541 2,412 1.9 2.5 2.3 2.2 2.0

Gross job losses

8,836 8,948 8,926 9,116 10,104 7.8 7.8 7.7 7.8 8.6

At contracting establishments

6,146 6,567 6,468 6,570 7,399 5.4 5.7 5.6 5.6 6.3

At closing establishments

2,690 2,381 2,458 2,546 2,705 2.4 2.1 2.1 2.2 2.3

Net employment change (2)

-281 955 153 841 -620 -0.4 0.9 0.1 0.7 -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)
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

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: Wednesday, May 14, 2025