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News Release Information

25-166-ATL
Tuesday, February 11, 2025

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

Business Employment Dynamics in Tennessee — Second Quarter 2024

From March 2024 to June 2024, gross job losses from closing and contracting private-sector establishments in Tennessee were 162,432, while gross job gains from opening and expanding private-sector establishments were 156,914, 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 5,518 jobs in the private sector during the second quarter of 2024. During the previous quarter, gross job gains exceeded gross job losses by 19,535. (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 5.5 percent of private-sector employment in Tennessee; 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 Tennessee, gross job gains at expanding establishments totaled 124,955 in the second quarter of 2024, a decrease of 63 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 31,959 jobs gained in the second quarter of 2024, a decrease of 480 jobs from the previous quarter.


Gross job losses

In the second quarter of 2024, gross job losses represented 5.7 percent of private-sector employment in Tennessee; 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 Tennessee, contracting establishments lost 134,192 jobs in the second quarter of 2024, an increase of 18,097 jobs from the prior quarter. Closing establishments lost 28,240 jobs, an increase of 6,413 jobs from the previous quarter.


Industries

Gross job losses exceeded gross job gains in 5 of the 11 published industry sectors in Tennessee in the second quarter of 2024. Leisure and hospitality had the largest over-the-quarter net job decline, with a loss of 6,719 jobs. This was the result of 25,819 gross job gains and 32,538 gross job losses. The professional and business services industry had a net decline of 3,360 jobs, followed by manufacturing with a net loss of 2,262 jobs. Education and health services had a net gain of 3,361 jobs, the largest gain of any sector in Tennessee.

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, Tennessee, 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

163,383 156,864 173,332 157,457 156,914 5.8 5.6 6.2 5.5 5.5

At expanding establishments

134,463 135,150 130,960 125,018 124,955 4.8 4.8 4.7 4.4 4.4

At opening establishments

28,920 21,714 42,372 32,439 31,959 1.0 0.8 1.5 1.1 1.1

Gross job losses

153,178 161,268 155,145 137,922 162,432 5.5 5.7 5.5 4.9 5.7

At contracting establishments

132,015 130,021 125,993 116,095 134,192 4.7 4.6 4.5 4.1 4.7

At closing establishments

21,163 31,247 29,152 21,827 28,240 0.8 1.1 1.0 0.8 1.0

Net employment change (2)

10,205 -4,404 18,187 19,535 -5,518 0.3 -0.1 0.7 0.6 -0.2

Construction

Gross job gains

12,142 10,657 15,291 14,579 12,676 7.8 6.8 9.7 8.9 7.7

At expanding establishments

10,311 9,342 11,058 12,075 10,382 6.6 6.0 7.0 7.4 6.3

At opening establishments

1,831 1,315 4,233 2,504 2,294 1.2 0.8 2.7 1.5 1.4

Gross job losses

10,443 10,962 11,264 10,470 12,573 6.8 7.1 7.1 6.4 7.6

At contracting establishments

8,647 8,808 8,836 8,672 10,608 5.6 5.7 5.6 5.3 6.4

At closing establishments

1,796 2,154 2,428 1,798 1,965 1.2 1.4 1.5 1.1 1.2

Net employment change (2)

1,699 -305 4,027 4,109 103 1.0 -0.3 2.6 2.5 0.1

Manufacturing

Gross job gains

11,595 10,277 12,542 11,192 9,739 3.2 2.8 3.5 3.1 2.7

At expanding establishments

10,313 9,978 10,878 9,856 8,461 2.8 2.7 3.0 2.7 2.3

At opening establishments

1,282 299 1,664 1,336 1,278 0.4 0.1 0.5 0.4 0.4

Gross job losses

11,375 13,800 11,860 10,476 12,001 3.1 3.8 3.3 2.9 3.3

At contracting establishments

10,602 12,289 10,199 9,383 10,846 2.9 3.4 2.8 2.6 3.0

At closing establishments

773 1,511 1,661 1,093 1,155 0.2 0.4 0.5 0.3 0.3

Net employment change (2)

220 -3,523 682 716 -2,262 0.1 -1.0 0.2 0.2 -0.6

Wholesale trade

Gross job gains

6,708 5,771 6,540 6,301 6,132 5.0 4.3 4.8 4.7 4.4

At expanding establishments

5,695 5,268 5,141 4,823 4,691 4.2 3.9 3.8 3.6 3.4

At opening establishments

1,013 503 1,399 1,478 1,441 0.8 0.4 1.0 1.1 1.0

Gross job losses

5,200 6,001 5,573 4,784 5,462 3.8 4.4 4.2 3.5 3.9

At contracting establishments

4,488 4,514 4,285 3,530 4,036 3.3 3.3 3.2 2.6 2.9

At closing establishments

712 1,487 1,288 1,254 1,426 0.5 1.1 1.0 0.9 1.0

Net employment change (2)

1,508 -230 967 1,517 670 1.2 -0.1 0.6 1.2 0.5

Retail trade

Gross job gains

20,258 19,874 18,377 17,749 18,568 5.8 5.7 5.3 5.2 5.3

At expanding establishments

17,092 17,976 14,211 15,138 15,769 4.9 5.2 4.1 4.4 4.5

At opening establishments

3,166 1,898 4,166 2,611 2,799 0.9 0.5 1.2 0.8 0.8

Gross job losses

20,892 19,564 20,722 15,528 18,725 6.0 5.7 6.0 4.5 5.4

At contracting establishments

18,814 16,794 17,861 13,336 16,549 5.4 4.9 5.2 3.9 4.8

At closing establishments

2,078 2,770 2,861 2,192 2,176 0.6 0.8 0.8 0.6 0.6

Net employment change (2)

-634 310 -2,345 2,221 -157 -0.2 0.0 -0.7 0.7 -0.1

Transportation and warehousing

Gross job gains

7,041 9,824 13,457 7,806 10,175 3.6 5.0 6.8 3.9 5.0

At expanding establishments

6,148 9,147 11,676 6,797 9,189 3.1 4.7 5.9 3.4 4.5

At opening establishments

893 677 1,781 1,009 986 0.5 0.3 0.9 0.5 0.5

Gross job losses

10,131 10,179 7,836 10,830 9,632 5.2 5.2 3.9 5.4 4.7

At contracting establishments

9,201 8,461 6,861 10,095 8,221 4.7 4.3 3.4 5.0 4.0

At closing establishments

930 1,718 975 735 1,411 0.5 0.9 0.5 0.4 0.7

Net employment change (2)

-3,090 -355 5,621 -3,024 543 -1.6 -0.2 2.9 -1.5 0.3

Information

Gross job gains

4,114 3,116 3,107 3,111 3,777 7.4 5.6 5.6 5.7 6.9

At expanding establishments

2,957 2,744 1,944 1,974 2,743 5.3 4.9 3.5 3.6 5.0

At opening establishments

1,157 372 1,163 1,137 1,034 2.1 0.7 2.1 2.1 1.9

Gross job losses

3,928 4,458 3,667 3,301 3,339 6.9 8.0 6.6 6.1 6.1

At contracting establishments

3,172 3,356 2,707 2,604 2,513 5.6 6.0 4.9 4.8 4.6

At closing establishments

756 1,102 960 697 826 1.3 2.0 1.7 1.3 1.5

Net employment change (2)

186 -1,342 -560 -190 438 0.5 -2.4 -1.0 -0.4 0.8

Financial activities

Gross job gains

8,620 7,633 8,194 6,915 8,348 5.1 4.4 4.8 4.1 4.9

At expanding establishments

7,096 5,853 5,795 5,382 6,278 4.2 3.4 3.4 3.2 3.7

At opening establishments

1,524 1,780 2,399 1,533 2,070 0.9 1.0 1.4 0.9 1.2

Gross job losses

7,472 8,012 8,541 7,057 7,521 4.4 4.7 5.0 4.2 4.4

At contracting establishments

5,453 6,059 6,544 5,743 5,743 3.2 3.6 3.8 3.4 3.4

At closing establishments

2,019 1,953 1,997 1,314 1,778 1.2 1.1 1.2 0.8 1.0

Net employment change (2)

1,148 -379 -347 -142 827 0.7 -0.3 -0.2 -0.1 0.5

Professional and business services

Gross job gains

31,240 27,872 29,309 31,240 29,816 6.8 6.1 6.4 6.8 6.5

At expanding establishments

25,881 25,299 21,516 25,086 23,697 5.6 5.5 4.7 5.5 5.2

At opening establishments

5,359 2,573 7,793 6,154 6,119 1.2 0.6 1.7 1.3 1.3

Gross job losses

31,423 34,513 34,628 25,840 33,176 6.8 7.4 7.6 5.6 7.2

At contracting establishments

27,334 27,491 28,182 21,790 27,667 5.9 5.9 6.2 4.7 6.0

At closing establishments

4,089 7,022 6,446 4,050 5,509 0.9 1.5 1.4 0.9 1.2

Net employment change (2)

-183 -6,641 -5,319 5,400 -3,360 0.0 -1.3 -1.2 1.2 -0.7

Education and health services

Gross job gains

23,570 28,406 21,214 20,484 21,858 5.2 6.2 4.6 4.3 4.6

At expanding establishments

20,358 19,319 16,740 17,079 17,994 4.5 4.2 3.6 3.6 3.8

At opening establishments

3,212 9,087 4,474 3,405 3,864 0.7 2.0 1.0 0.7 0.8

Gross job losses

16,576 18,460 18,184 15,927 18,497 3.6 4.0 3.9 3.3 3.9

At contracting establishments

13,642 14,422 13,988 12,978 15,028 3.0 3.1 3.0 2.7 3.2

At closing establishments

2,934 4,038 4,196 2,949 3,469 0.6 0.9 0.9 0.6 0.7

Net employment change (2)

6,994 9,946 3,030 4,557 3,361 1.6 2.2 0.7 1.0 0.7

Leisure and hospitality

Gross job gains

27,735 25,674 34,587 27,869 25,819 7.7 7.1 9.5 7.5 7.1

At expanding establishments

22,399 23,385 24,864 20,922 19,699 6.2 6.5 6.8 5.6 5.4

At opening establishments

5,336 2,289 9,723 6,947 6,120 1.5 0.6 2.7 1.9 1.7

Gross job losses

28,207 27,328 25,570 25,997 32,538 7.9 7.6 7.0 7.0 8.8

At contracting establishments

24,678 22,036 20,947 21,859 26,159 6.9 6.1 5.7 5.9 7.1

At closing establishments

3,529 5,292 4,623 4,138 6,379 1.0 1.5 1.3 1.1 1.7

Net employment change (2)

-472 -1,654 9,017 1,872 -6,719 -0.2 -0.5 2.5 0.5 -1.7

Other services (3)

Gross job gains

5,711 5,133 6,788 5,544 5,759 7.4 6.6 8.6 7.0 7.2

At expanding establishments

4,422 4,603 4,972 4,093 4,221 5.7 5.9 6.3 5.2 5.3

At opening establishments

1,289 530 1,816 1,451 1,538 1.7 0.7 2.3 1.8 1.9

Gross job losses

5,069 5,583 4,880 5,360 5,959 6.5 7.2 6.2 6.7 7.4

At contracting establishments

4,184 4,228 3,831 4,393 4,676 5.4 5.5 4.9 5.5 5.8

At closing establishments

885 1,355 1,049 967 1,283 1.1 1.7 1.3 1.2 1.6

Net employment change (2)

642 -450 1,908 184 -200 0.9 -0.6 2.4 0.3 -0.2

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