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News Release Information

25-1246-ATL
Wednesday, August 06, 2025

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

Business Employment Dynamics in Tennessee — Fourth Quarter 2024

From September 2024 to December 2024, gross job gains from opening and expanding private-sector establishments in Tennessee were 159,446, while gross job losses from closing and contracting private-sector establishments were 143,965, 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 15,481 jobs in the private sector during the fourth quarter of 2024. (See table 1.) During the previous quarter, gross job losses exceeded gross job gains by 6,335. (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 fourth quarter of 2024, gross job gains represented 5.6 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 135,295 in the fourth quarter of 2024, an increase of 11,029 jobs compared to the previous quarter. Opening establishments accounted for 24,151 jobs gained in the fourth quarter of 2024, a decrease of 9,826 jobs from the previous quarter.


Gross job losses

In the fourth quarter of 2024, gross job losses represented 5.0 percent of private-sector employment in Tennessee; nationally, gross job losses accounted for 5.7 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 120,545 jobs in the fourth quarter of 2024, a decrease of 12,604 jobs from the prior quarter. Closing establishments lost 23,420 jobs, a decrease of 8,009 jobs from the previous quarter.


Industries

Gross job gains exceeded gross job losses in 5 of the 11 industry sectors in Tennessee in the fourth quarter of 2024. Leisure and hospitality had the largest over-the-quarter net job increase, with a gain of 8,029 jobs. This was the result of 32,589 gross job gains and 24,560 gross job losses. The transportation and warehousing industry had a net gain of 7,160 jobs followed by the education and health services industry with a net gain of 4,857 jobs. Professional and business services showed a net loss of 4,888 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 the Business Employment Dynamics homepage and the Business Employment Dynamics Summary.

The Business Employment Dynamics for First Quarter 2025 are scheduled to be released on Wednesday, October 29, 2025, at 10:00 a.m. (ET).

Revisions to Business Employment Dynamics (BED) Data

The release of First Quarter 2025 Business Employment Dynamics data, scheduled for October 29, 2025, 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.

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)
Dec.
2023
Mar.
2024
June
2024
Sept.
2024
Dec.
2024
Dec.
2023
Mar.
2024
June
2024
Sept.
2024
Dec.
2024

Total private (1)

Gross job gains

173,332 157,457 156,914 158,243 159,446 6.2 5.5 5.5 5.6 5.6

At expanding establishments

130,960 125,018 124,955 124,266 135,295 4.7 4.4 4.4 4.4 4.8

At opening establishments

42,372 32,439 31,959 33,977 24,151 1.5 1.1 1.1 1.2 0.8

Gross job losses

155,145 137,922 162,432 164,578 143,965 5.5 4.9 5.7 5.8 5.0

At contracting establishments

125,993 116,095 134,192 133,149 120,545 4.5 4.1 4.7 4.7 4.2

At closing establishments

29,152 21,827 28,240 31,429 23,420 1.0 0.8 1.0 1.1 0.8

Net employment change (2)

18,187 19,535 -5,518 -6,335 15,481 0.7 0.6 -0.2 -0.2 0.6

Construction

Gross job gains

15,291 14,579 12,676 10,997 13,579 9.7 8.9 7.7 6.7 8.2

At expanding establishments

11,058 12,075 10,382 9,372 11,525 7.0 7.4 6.3 5.7 7.0

At opening establishments

4,233 2,504 2,294 1,625 2,054 2.7 1.5 1.4 1.0 1.2

Gross job losses

11,264 10,470 12,573 13,769 10,671 7.1 6.4 7.6 8.4 6.5

At contracting establishments

8,836 8,672 10,608 11,131 8,842 5.6 5.3 6.4 6.8 5.4

At closing establishments

2,428 1,798 1,965 2,638 1,829 1.5 1.1 1.2 1.6 1.1

Net employment change (2)

4,027 4,109 103 -2,772 2,908 2.6 2.5 0.1 -1.7 1.7

Manufacturing

Gross job gains

12,542 11,192 9,739 9,459 9,441 3.5 3.1 2.7 2.6 2.6

At expanding establishments

10,878 9,856 8,461 8,437 8,653 3.0 2.7 2.3 2.3 2.4

At opening establishments

1,664 1,336 1,278 1,022 788 0.5 0.4 0.4 0.3 0.2

Gross job losses

11,860 10,476 12,001 11,994 10,323 3.3 2.9 3.3 3.3 2.9

At contracting establishments

10,199 9,383 10,846 9,922 9,412 2.8 2.6 3.0 2.7 2.6

At closing establishments

1,661 1,093 1,155 2,072 911 0.5 0.3 0.3 0.6 0.3

Net employment change (2)

682 716 -2,262 -2,535 -882 0.2 0.2 -0.6 -0.7 -0.3

Wholesale trade

Gross job gains

6,540 6,301 6,132 5,359 5,175 4.8 4.7 4.4 3.9 3.8

At expanding establishments

5,141 4,823 4,691 4,098 4,513 3.8 3.6 3.4 3.0 3.3

At opening establishments

1,399 1,478 1,441 1,261 662 1.0 1.1 1.0 0.9 0.5

Gross job losses

5,573 4,784 5,462 5,693 5,253 4.2 3.5 3.9 4.2 3.9

At contracting establishments

4,285 3,530 4,036 4,246 4,047 3.2 2.6 2.9 3.1 3.0

At closing establishments

1,288 1,254 1,426 1,447 1,206 1.0 0.9 1.0 1.1 0.9

Net employment change (2)

967 1,517 670 -334 -78 0.6 1.2 0.5 -0.3 -0.1

Retail trade

Gross job gains

18,377 17,749 18,568 17,643 16,465 5.3 5.2 5.3 5.1 4.8

At expanding establishments

14,211 15,138 15,769 15,648 14,397 4.1 4.4 4.5 4.5 4.2

At opening establishments

4,166 2,611 2,799 1,995 2,068 1.2 0.8 0.8 0.6 0.6

Gross job losses

20,722 15,528 18,725 19,399 18,068 6.0 4.5 5.4 5.6 5.3

At contracting establishments

17,861 13,336 16,549 16,886 15,999 5.2 3.9 4.8 4.9 4.7

At closing establishments

2,861 2,192 2,176 2,513 2,069 0.8 0.6 0.6 0.7 0.6

Net employment change (2)

-2,345 2,221 -157 -1,756 -1,603 -0.7 0.7 -0.1 -0.5 -0.5

Transportation and warehousing

Gross job gains

13,457 7,806 10,175 12,757 14,082 6.8 3.9 5.0 6.3 6.7

At expanding establishments

11,676 6,797 9,189 5,935 13,158 5.9 3.4 4.5 2.9 6.3

At opening establishments

1,781 1,009 986 6,822 924 0.9 0.5 0.5 3.4 0.4

Gross job losses

7,836 10,830 9,632 10,586 6,922 3.9 5.4 4.7 5.2 3.3

At contracting establishments

6,861 10,095 8,221 8,670 6,136 3.4 5.0 4.0 4.3 2.9

At closing establishments

975 735 1,411 1,916 786 0.5 0.4 0.7 0.9 0.4

Net employment change (2)

5,621 -3,024 543 2,171 7,160 2.9 -1.5 0.3 1.1 3.4

Information

Gross job gains

3,107 3,111 3,777 3,894 3,297 5.6 5.7 6.9 7.1 6.0

At expanding establishments

1,944 1,974 2,743 3,008 2,649 3.5 3.6 5.0 5.5 4.8

At opening establishments

1,163 1,137 1,034 886 648 2.1 2.1 1.9 1.6 1.2

Gross job losses

3,667 3,301 3,339 3,815 4,013 6.6 6.1 6.1 6.9 7.3

At contracting establishments

2,707 2,604 2,513 2,800 2,966 4.9 4.8 4.6 5.1 5.4

At closing establishments

960 697 826 1,015 1,047 1.7 1.3 1.5 1.8 1.9

Net employment change (2)

-560 -190 438 79 -716 -1.0 -0.4 0.8 0.2 -1.3

Financial activities

Gross job gains

8,194 6,915 8,348 7,922 8,028 4.8 4.1 4.9 4.7 4.7

At expanding establishments

5,795 5,382 6,278 6,254 6,372 3.4 3.2 3.7 3.7 3.7

At opening establishments

2,399 1,533 2,070 1,668 1,656 1.4 0.9 1.2 1.0 1.0

Gross job losses

8,541 7,057 7,521 8,214 8,101 5.0 4.2 4.4 4.8 4.7

At contracting establishments

6,544 5,743 5,743 5,963 6,164 3.8 3.4 3.4 3.5 3.6

At closing establishments

1,997 1,314 1,778 2,251 1,937 1.2 0.8 1.0 1.3 1.1

Net employment change (2)

-347 -142 827 -292 -73 -0.2 -0.1 0.5 -0.1 0.0

Professional and business services

Gross job gains

29,309 31,240 29,816 29,039 26,980 6.4 6.8 6.5 6.4 6.0

At expanding establishments

21,516 25,086 23,697 24,182 22,083 4.7 5.5 5.2 5.3 4.9

At opening establishments

7,793 6,154 6,119 4,857 4,897 1.7 1.3 1.3 1.1 1.1

Gross job losses

34,628 25,840 33,176 34,043 31,868 7.6 5.6 7.2 7.5 7.1

At contracting establishments

28,182 21,790 27,667 27,587 25,767 6.2 4.7 6.0 6.1 5.7

At closing establishments

6,446 4,050 5,509 6,456 6,101 1.4 0.9 1.2 1.4 1.4

Net employment change (2)

-5,319 5,400 -3,360 -5,004 -4,888 -1.2 1.2 -0.7 -1.1 -1.1

Education and health services

Gross job gains

21,214 20,484 21,858 21,930 21,980 4.6 4.3 4.6 4.6 4.6

At expanding establishments

16,740 17,079 17,994 18,189 19,111 3.6 3.6 3.8 3.8 4.0

At opening establishments

4,474 3,405 3,864 3,741 2,869 1.0 0.7 0.8 0.8 0.6

Gross job losses

18,184 15,927 18,497 20,304 17,123 3.9 3.3 3.9 4.2 3.6

At contracting establishments

13,988 12,978 15,028 16,499 13,952 3.0 2.7 3.2 3.4 2.9

At closing establishments

4,196 2,949 3,469 3,805 3,171 0.9 0.6 0.7 0.8 0.7

Net employment change (2)

3,030 4,557 3,361 1,626 4,857 0.7 1.0 0.7 0.4 1.0

Leisure and hospitality

Gross job gains

34,587 27,869 25,819 28,379 32,589 9.5 7.5 7.1 7.8 8.8

At expanding establishments

24,864 20,922 19,699 22,293 26,986 6.8 5.6 5.4 6.1 7.3

At opening establishments

9,723 6,947 6,120 6,086 5,603 2.7 1.9 1.7 1.7 1.5

Gross job losses

25,570 25,997 32,538 29,030 24,560 7.0 7.0 8.8 8.0 6.6

At contracting establishments

20,947 21,859 26,159 24,080 21,579 5.7 5.9 7.1 6.6 5.8

At closing establishments

4,623 4,138 6,379 4,950 2,981 1.3 1.1 1.7 1.4 0.8

Net employment change (2)

9,017 1,872 -6,719 -651 8,029 2.5 0.5 -1.7 -0.2 2.2

Other services (3)

Gross job gains

6,788 5,544 5,759 5,863 5,150 8.6 7.0 7.2 7.3 6.4

At expanding establishments

4,972 4,093 4,221 4,941 4,189 6.3 5.2 5.3 6.2 5.2

At opening establishments

1,816 1,451 1,538 922 961 2.3 1.8 1.9 1.1 1.2

Gross job losses

4,880 5,360 5,959 5,564 5,045 6.2 6.7 7.4 6.9 6.2

At contracting establishments

3,831 4,393 4,676 4,040 4,163 4.9 5.5 5.8 5.0 5.1

At closing establishments

1,049 967 1,283 1,524 882 1.3 1.2 1.6 1.9 1.1

Net employment change (2)

1,908 184 -200 299 105 2.4 0.3 -0.2 0.4 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)
Dec.
2023
Mar.
2024
June
2024
Sept.
2024
Dec.
2024
Dec.
2023
Mar.
2024
June
2024
Sept.
2024
Dec.
2024

United States(1)

6.0 5.7 5.8 5.8 5.8 5.7 5.4 5.9 5.8 5.7

Alabama

6.2 5.7 5.6 5.7 5.7 5.7 5.5 5.6 5.9 5.3

Alaska

10.2 10.5 10.2 7.9 10.3 9.9 8.6 9.6 9.7 9.6

Arizona

6.5 8.4 5.6 6.3 6.1 6.6 6.4 6.8 6.5 6.0

Arkansas

6.2 5.6 5.2 5.2 5.8 5.0 5.2 5.8 5.2 4.8

California

6.4 5.8 6.1 6.4 6.6 6.4 5.6 6.8 6.1 6.4

Colorado

8.2 6.4 6.5 6.3 6.1 7.6 7.7 6.2 6.7 6.7

Connecticut

5.6 5.6 5.8 5.5 5.5 5.7 5.2 5.6 5.7 5.6

Delaware

6.1 6.0 5.9 6.8 6.1 5.8 5.1 6.5 6.4 6.4

District of Columbia

5.2 5.1 5.1 4.9 5.0 5.6 4.9 6.0 5.0 5.5

Florida

6.1 5.8 6.0 6.6 6.0 5.9 5.4 5.9 5.7 6.2

Georgia

6.2 6.0 5.7 5.7 6.0 5.7 5.7 5.7 6.1 5.4

Hawaii

6.1 5.4 5.1 5.6 5.3 5.0 5.1 5.4 5.0 4.9

Idaho

8.5 7.9 7.5 7.2 8.2 5.8 8.3 7.4 7.6 6.8

Illinois

5.0 5.1 5.2 5.0 5.1 5.1 4.8 5.3 5.1 5.2

Indiana

5.5 5.3 5.2 5.3 5.4 5.1 5.0 5.5 5.4 5.2

Iowa

6.1 6.1 5.5 5.2 5.5 5.7 5.6 5.7 6.0 5.6

Kansas

5.8 5.7 5.8 5.3 5.9 5.3 5.6 5.7 5.6 5.2

Kentucky

5.7 5.7 5.2 5.4 5.3 5.2 5.0 5.9 5.5 5.5

Louisiana

6.3 6.2 5.7 6.1 6.2 5.8 5.7 6.3 5.8 5.4

Maine

7.4 7.2 7.3 6.2 6.7 7.0 6.1 7.0 7.0 7.0

Maryland

6.2 5.8 7.2 6.1 6.0 5.8 5.7 6.5 6.1 5.9

Massachusetts

5.5 5.2 5.7 4.9 5.3 5.5 5.1 5.6 5.8 5.6

Michigan

5.5 5.4 5.7 5.4 5.4 5.5 5.2 5.6 5.8 6.0

Minnesota

6.9 5.8 5.7 5.1 5.5 6.9 5.7 5.4 5.9 5.1

Mississippi

6.1 5.7 5.8 6.1 6.3 5.7 6.1 6.3 5.7 6.4

Missouri

6.0 5.7 5.6 5.5 5.7 5.6 5.3 5.8 5.8 5.3

Montana

8.8 8.1 7.9 7.3 8.4 7.2 7.5 7.6 8.1 7.8

Nebraska

5.9 5.8 5.4 5.6 5.6 5.7 5.1 5.6 5.6 5.5

Nevada

6.7 5.9 5.8 6.1 6.2 5.4 6.2 5.7 5.9 5.8

New Hampshire

6.2 6.5 6.1 5.5 6.3 5.9 5.8 6.0 6.7 5.9

New Jersey

5.9 5.5 5.9 5.3 6.0 5.8 5.4 5.4 5.8 5.3

New Mexico

6.9 6.0 6.0 6.2 5.8 5.8 6.0 6.3 6.3 5.9

New York

5.7 5.9 5.9 5.6 5.6 5.6 5.0 5.5 5.7 5.5

North Carolina

6.3 5.4 5.6 5.6 6.1 4.9 5.5 5.7 6.1 5.5

North Dakota

6.7 6.9 6.6 6.5 6.5 6.3 6.1 6.6 6.6 6.7

Ohio

5.4 5.5 5.2 5.1 5.4 5.2 4.8 5.4 5.4 5.1

Oklahoma

6.1 5.6 5.6 6.0 5.9 5.8 5.2 6.4 5.6 5.4

Oregon

6.2 6.4 6.0 6.3 6.2 6.2 6.1 6.4 6.6 6.8

Pennsylvania

5.2 5.1 4.9 5.1 5.2 4.8 4.6 5.1 5.1 4.8

Rhode Island

6.8 6.9 6.6 6.2 7.2 6.3 5.7 6.7 6.5 6.3

South Carolina

6.2 6.4 5.9 6.2 6.5 5.3 6.3 6.4 5.9 6.0

South Dakota

6.6 6.3 6.0 5.9 6.7 5.8 5.8 6.3 5.9 5.9

Tennessee

6.2 5.5 5.5 5.6 5.6 5.5 4.9 5.7 5.8 5.0

Texas

5.7 5.4 5.4 5.6 5.8 5.2 5.1 5.3 5.3 5.1

Utah

6.6 6.7 6.4 6.6 6.6 6.5 6.0 6.6 6.1 6.2

Vermont

7.3 7.2 6.6 6.6 6.7 6.6 6.3 7.5 7.3 6.8

Virginia

5.9 5.7 5.7 5.8 5.8 5.5 5.2 5.6 5.5 5.5

Washington

6.0 5.7 5.7 5.7 5.7 5.4 5.3 5.3 5.4 5.3

West Virginia

6.5 6.9 6.6 5.8 6.4 5.8 5.7 6.8 6.6 6.1

Wisconsin

5.5 5.5 5.3 5.0 5.3 5.2 4.8 5.5 5.4 5.0

Wyoming

8.9 8.4 8.2 8.6 8.8 8.4 8.3 9.0 9.0 8.4

Puerto Rico

4.9 5.4 5.6 5.4 4.4 4.8 4.6 4.9 5.1 5.5

Virgin Islands

6.0 5.6 4.3 4.4 4.0 5.9 4.5 5.1 6.1 12.6

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, August 06, 2025