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News Release Information

25-164-ATL
Tuesday, February 11, 2025

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

Business Employment Dynamics in Mississippi — Second Quarter 2024

From March 2024 to June 2024, gross job losses from closing and contracting private-sector establishments in Mississippi were 59,048, while gross job gains from opening and expanding private-sector establishments were 53,402, 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 decline of 5,646 jobs in the private sector during the second quarter of 2024. During the previous quarter, gross job losses exceeded gross job gains by 3,169. (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 5.8 percent of private-sector employment in both Mississippi and the U.S. (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 Mississippi, gross job gains at expanding establishments totaled 43,519 in the second quarter of 2024, an increase of 264 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 9,883 jobs gained in the second quarter of 2024, a decrease of 355 jobs from the previous quarter.


Gross job losses

In the second quarter of 2024, gross job losses represented 6.3 percent of private-sector employment in Mississippi; 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 Mississippi, contracting establishments lost 48,357 jobs in the second quarter of 2024, an increase of 2,979 jobs from the prior quarter. Closing establishments lost 10,691 jobs, a decrease of 593 jobs from the previous quarter.


Industries

Gross job losses exceeded gross job gains in 8 of the 10 published industry sectors in Mississippi in the second quarter of 2024. Professional and business services had the largest over-the-quarter net job decrease, with a loss of 1,991 jobs. This was the result of 9,844 gross job gains and 11,835 gross job losses. The construction industry had a net decline of 1,943 jobs, followed by leisure and hospitality with a net loss of 1,890 jobs. Mississippi’s education and health services sector had a net gain of 3,458 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, at 10:00 a.m. (ET).


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, Mississippi, 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

59,432 57,864 57,103 53,493 53,402 6.4 6.2 6.1 5.7 5.8

At expanding establishments

47,450 47,301 46,615 43,255 43,519 5.1 5.1 5.0 4.6 4.7

At opening establishments

11,982 10,563 10,488 10,238 9,883 1.3 1.1 1.1 1.1 1.1

Gross job losses

60,477 57,529 52,763 56,662 59,048 6.5 6.2 5.7 6.1 6.3

At contracting establishments

49,729 46,762 43,631 45,378 48,357 5.3 5.0 4.7 4.9 5.2

At closing establishments

10,748 10,767 9,132 11,284 10,691 1.2 1.2 1.0 1.2 1.1

Net employment change (2)

-1,045 335 4,340 -3,169 -5,646 -0.1 0.0 0.4 -0.4 -0.5

Construction

Gross job gains

4,471 5,275 4,608 5,889 4,289 9.3 10.9 9.3 11.7 8.4

At expanding establishments

3,556 4,421 3,761 4,876 3,465 7.4 9.1 7.6 9.7 6.8

At opening establishments

915 854 847 1,013 824 1.9 1.8 1.7 2.0 1.6

Gross job losses

4,030 4,781 3,859 4,369 6,232 8.5 9.8 7.8 8.7 12.3

At contracting establishments

3,192 3,893 3,268 3,408 5,150 6.7 8.0 6.6 6.8 10.2

At closing establishments

838 888 591 961 1,082 1.8 1.8 1.2 1.9 2.1

Net employment change (2)

441 494 749 1,520 -1,943 0.8 1.1 1.5 3.0 -3.9

Manufacturing

Gross job gains

4,331 4,023 4,359 3,683 3,580 3.0 2.8 3.0 2.6 2.5

At expanding establishments

3,745 3,680 4,150 3,527 3,438 2.6 2.6 2.9 2.5 2.4

At opening establishments

586 343 209 156 142 0.4 0.2 0.1 0.1 0.1

Gross job losses

6,356 4,935 4,238 4,144 4,105 4.3 3.5 3.0 2.9 2.9

At contracting establishments

6,170 4,415 3,985 3,608 3,579 4.2 3.1 2.8 2.5 2.5

At closing establishments

186 520 253 536 526 0.1 0.4 0.2 0.4 0.4

Net employment change (2)

-2,025 -912 121 -461 -525 -1.3 -0.7 0.0 -0.3 -0.4

Wholesale trade

Gross job gains

1,823 1,932 1,942 1,619 1,762 5.0 5.4 5.4 4.5 4.8

At expanding establishments

1,457 1,625 1,548 1,304 1,381 4.0 4.5 4.3 3.6 3.8

At opening establishments

366 307 394 315 381 1.0 0.9 1.1 0.9 1.0

Gross job losses

1,965 1,646 1,783 1,736 1,997 5.4 4.6 4.9 4.8 5.4

At contracting establishments

1,665 1,335 1,390 1,166 1,668 4.6 3.7 3.8 3.2 4.5

At closing establishments

300 311 393 570 329 0.8 0.9 1.1 1.6 0.9

Net employment change (2)

-142 286 159 -117 -235 -0.4 0.8 0.5 -0.3 -0.6

Retail trade

Gross job gains

9,042 9,138 7,529 7,284 7,454 6.5 6.5 5.4 5.2 5.3

At expanding establishments

7,534 7,598 6,239 6,022 6,349 5.4 5.4 4.5 4.3 4.5

At opening establishments

1,508 1,540 1,290 1,262 1,105 1.1 1.1 0.9 0.9 0.8

Gross job losses

8,794 7,884 8,358 7,868 8,548 6.3 5.6 6.0 5.7 6.1

At contracting establishments

7,515 6,643 7,279 6,403 6,986 5.4 4.7 5.2 4.6 5.0

At closing establishments

1,279 1,241 1,079 1,465 1,562 0.9 0.9 0.8 1.1 1.1

Net employment change (2)

248 1,254 -829 -584 -1,094 0.2 0.9 -0.6 -0.5 -0.8

Transportation and warehousing

Gross job gains

3,163 3,171 3,831 2,411 2,912 5.1 5.1 6.1 3.9 4.7

At expanding establishments

2,587 2,694 3,541 1,942 2,496 4.2 4.3 5.6 3.1 4.0

At opening establishments

576 477 290 469 416 0.9 0.8 0.5 0.8 0.7

Gross job losses

3,780 3,853 2,442 3,733 3,417 6.2 6.1 3.9 6.0 5.5

At contracting establishments

3,286 3,311 2,126 3,353 2,853 5.4 5.2 3.4 5.4 4.6

At closing establishments

494 542 316 380 564 0.8 0.9 0.5 0.6 0.9

Net employment change (2)

-617 -682 1,389 -1,322 -505 -1.1 -1.0 2.2 -2.1 -0.8

Financial activities

Gross job gains

2,601 2,460 2,041 2,491 2,537 5.9 5.5 4.6 5.6 5.6

At expanding establishments

1,902 1,918 1,588 1,834 2,032 4.3 4.3 3.6 4.1 4.5

At opening establishments

699 542 453 657 505 1.6 1.2 1.0 1.5 1.1

Gross job losses

2,456 2,447 2,251 2,540 2,717 5.5 5.4 5.0 5.7 6.1

At contracting establishments

1,776 1,629 1,711 1,825 2,019 4.0 3.6 3.8 4.1 4.5

At closing establishments

680 818 540 715 698 1.5 1.8 1.2 1.6 1.6

Net employment change (2)

145 13 -210 -49 -180 0.4 0.1 -0.4 -0.1 -0.5

Professional and business services

Gross job gains

10,228 11,162 11,271 9,159 9,844 8.7 9.6 9.5 7.8 8.5

At expanding establishments

7,741 8,946 9,009 7,084 7,538 6.6 7.7 7.6 6.0 6.5

At opening establishments

2,487 2,216 2,262 2,075 2,306 2.1 1.9 1.9 1.8 2.0

Gross job losses

11,471 10,399 9,957 11,259 11,835 9.8 8.9 8.4 9.5 10.2

At contracting establishments

9,362 8,065 7,905 9,206 9,857 8.0 6.9 6.7 7.8 8.5

At closing establishments

2,109 2,334 2,052 2,053 1,978 1.8 2.0 1.7 1.7 1.7

Net employment change (2)

-1,243 763 1,314 -2,100 -1,991 -1.1 0.7 1.1 -1.7 -1.7

Education and health services

Gross job gains

9,643 6,075 7,511 7,315 8,210 6.4 4.0 5.0 4.9 5.3

At expanding establishments

7,988 5,176 5,927 6,125 6,999 5.3 3.4 3.9 4.1 4.5

At opening establishments

1,655 899 1,584 1,190 1,211 1.1 0.6 1.1 0.8 0.8

Gross job losses

4,779 7,577 6,904 7,237 4,752 3.2 5.1 4.6 4.8 3.1

At contracting establishments

3,944 5,982 5,358 5,519 3,976 2.6 4.0 3.6 3.7 2.6

At closing establishments

835 1,595 1,546 1,718 776 0.6 1.1 1.0 1.1 0.5

Net employment change (2)

4,864 -1,502 607 78 3,458 3.2 -1.1 0.4 0.1 2.2

Leisure and hospitality

Gross job gains

9,816 10,740 9,964 10,061 8,987 7.3 8.0 7.3 7.4 6.7

At expanding establishments

7,814 8,238 7,886 7,720 7,244 5.8 6.1 5.8 5.7 5.4

At opening establishments

2,002 2,502 2,078 2,341 1,743 1.5 1.9 1.5 1.7 1.3

Gross job losses

11,937 10,116 9,255 9,579 10,877 8.9 7.5 6.9 7.1 8.1

At contracting establishments

8,963 8,638 7,803 8,020 8,992 6.7 6.4 5.8 5.9 6.7

At closing establishments

2,974 1,478 1,452 1,559 1,885 2.2 1.1 1.1 1.2 1.4

Net employment change (2)

-2,121 624 709 482 -1,890 -1.6 0.5 0.4 0.3 -1.4

Other services (3)

Gross job gains

1,730 1,893 1,692 1,371 1,506 8.2 8.9 7.8 6.5 7.1

At expanding establishments

1,202 1,438 1,387 1,058 1,108 5.7 6.8 6.4 5.0 5.2

At opening establishments

528 455 305 313 398 2.5 2.1 1.4 1.5 1.9

Gross job losses

1,628 1,437 1,543 1,788 1,482 7.7 6.7 7.2 8.4 7.0

At contracting establishments

1,123 1,093 1,179 1,132 1,127 5.3 5.1 5.5 5.3 5.3

At closing establishments

505 344 364 656 355 2.4 1.6 1.7 3.1 1.7

Net employment change (2)

102 456 149 -417 24 0.5 2.2 0.6 -1.9 0.1

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.

 

Last Modified Date: Tuesday, February 11, 2025