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News Release Information

24-920-DAL
Tuesday, May 07, 2024

Contacts Technical information: Media contact:
  • (972) 850-4800

Business Employment Dynamics in Louisiana – Third Quarter 2023

From June 2023 to September 2023, gross job gains from opening and expanding private-sector establishments in Louisiana were 97,306, while gross job losses from closing and contracting private-sector establishments were 96,084, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Michael Hirniak noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 1,222 jobs in the private sector during the third quarter of 2023. During the previous quarter, gross job losses exceeded gross job gains by 6,667. (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 Technical Note.)

Gross job gains

In the third quarter of 2023, gross job gains represented 6.2 percent of private-sector employment in Louisiana; 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 Louisiana, gross job gains at expanding establishments totaled 80,616 in the third quarter of 2023, an increase of 1,892 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 16,690 jobs gained in the third quarter of 2023, a decrease of 348 jobs from the previous quarter.

Gross job losses

In the third quarter of 2023, gross job losses represented 6.0 percent of private-sector employment in Louisiana; 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 Louisiana, contracting establishments lost 75,181 jobs in the third quarter of 2023, a decrease of 10,555 jobs from the prior quarter. Closing establishments lost 20,903 jobs, an increase of 4,210 jobs from the previous quarter.

Industries

Gross job gains exceeded gross job losses in 5 of the 11 industry sectors in Louisiana in the third quarter of 2023. Construction had the largest over-the-quarter net job increase, with a gain of 1,733 jobs. This was the result of 11,898 gross job gains and 10,165 gross job losses. The professional and business services industry had a net gain of 1,614 jobs. Manufacturing showed a net loss of 1,037 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 www.bls.gov/bdm/.

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, Louisiana, seasonally adjusted
CategoryGross job gains and losses
(3 months ended)
Gross job gains and losses
as a percent of employment
(3 months ended)
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

109,11796,340100,27495,76297,3066.96.16.36.16.2

At expanding establishments

91,61978,14579,32278,72480,6165.84.95.05.05.1

At opening establishments

17,49818,19520,95217,03816,6901.11.21.31.11.1

Gross job losses

89,23998,06689,594102,42996,0845.76.25.66.46.0

At contracting establishments

75,74980,43571,51585,73675,1814.85.14.55.44.7

At closing establishments

13,49017,63118,07916,69320,9030.91.11.11.01.3

Net employment change (2)

19,878-1,72610,680-6,6671,2221.2-0.10.7-0.30.2

Construction

Gross job gains

11,6408,91613,26711,02111,8989.06.910.38.49.1

At expanding establishments

9,6977,35911,18710,02110,4807.55.78.77.68.0

At opening establishments

1,9431,5572,0801,0001,4181.51.21.60.81.1

Gross job losses

10,52812,6508,27212,62010,1658.19.96.59.67.8

At contracting establishments

9,31911,2316,62910,9108,1247.28.85.28.36.2

At closing establishments

1,2091,4191,6431,7102,0410.91.11.31.31.6

Net employment change (2)

1,112-3,7344,995-1,5991,7330.9-3.03.8-1.21.3

Manufacturing

Gross job gains

6,0695,4845,6014,8134,3024.54.04.13.53.1

At expanding establishments

5,4965,0074,9564,4323,9704.13.73.63.22.9

At opening establishments

5734776453813320.40.30.50.30.2

Gross job losses

4,3003,8644,4834,3775,3393.22.93.23.13.9

At contracting establishments

3,8443,3613,8853,9434,5662.92.52.82.83.3

At closing establishments

4565035984347730.30.40.40.30.6

Net employment change (2)

1,7691,6201,118436-1,0371.31.10.90.4-0.8

Wholesale trade

Gross job gains

3,6203,5023,1443,0842,9335.45.24.64.54.4

At expanding establishments

3,0122,8352,5002,5212,4184.54.23.73.73.6

At opening establishments

6086676445635150.91.00.90.80.8

Gross job losses

2,6962,8533,0612,8823,0794.04.24.54.24.5

At contracting establishments

2,0712,0782,2322,2722,3283.13.13.33.33.4

At closing establishments

6257758296107510.91.11.20.91.1

Net employment change (2)

92464983202-1461.41.00.10.3-0.1

Retail trade

Gross job gains

14,10811,81811,29611,16112,5736.45.45.25.15.8

At expanding establishments

11,91610,0639,6159,78210,6275.44.64.44.54.9

At opening establishments

2,1921,7551,6811,3791,9461.00.80.80.60.9

Gross job losses

12,59814,11611,96612,74612,6505.66.45.45.85.7

At contracting establishments

11,60512,37310,33511,01910,4015.25.64.75.04.7

At closing establishments

9931,7431,6311,7272,2490.40.80.70.81.0

Net employment change (2)

1,510-2,298-670-1,585-770.8-1.0-0.2-0.70.1

Transportation and warehousing

Gross job gains

4,9685,2433,3223,8473,7506.66.84.35.15.0

At expanding establishments

4,3774,6332,5333,1403,2455.86.03.34.24.3

At opening establishments

5916107897075050.80.81.00.90.7

Gross job losses

3,4153,6365,1224,9344,2314.54.76.76.65.7

At contracting establishments

2,5813,0324,4154,2843,3553.43.95.85.74.5

At closing establishments

8346047076508761.10.80.90.91.2

Net employment change (2)

1,5531,607-1,800-1,087-4812.12.1-2.4-1.5-0.7

Information

Gross job gains

1,9262,1529911,7311,5338.39.74.89.07.9

At expanding establishments

1,6181,8577241,1301,2437.08.43.55.96.4

At opening establishments

3082952676012901.31.31.33.11.5

Gross job losses

2,7293,1153,1912,2081,91511.914.015.411.49.9

At contracting establishments

2,3892,8322,5681,9121,26210.412.712.49.96.5

At closing establishments

3402836232966531.51.33.01.53.4

Net employment change (2)

-803-963-2,200-477-382-3.6-4.3-10.6-2.4-2.0

Financial activities

Gross job gains

5,6234,9034,6084,5644,1806.75.75.35.34.7

At expanding establishments

4,4543,7583,5523,4583,3605.34.44.14.03.8

At opening establishments

1,1691,1451,0561,1068201.41.31.21.30.9

Gross job losses

4,5044,7684,5634,3474,4135.45.65.24.95.0

At contracting establishments

3,4303,5713,0773,1773,1564.14.23.53.63.6

At closing establishments

1,0741,1971,4861,1701,2571.31.41.71.31.4

Net employment change (2)

1,11913545217-2331.30.10.10.4-0.3

Professional and business services

Gross job gains

19,98616,25316,90716,26917,4559.07.37.77.57.9

At expanding establishments

16,41312,70112,56012,36513,9107.45.75.75.76.3

At opening establishments

3,5733,5524,3473,9043,5451.61.62.01.81.6

Gross job losses

15,99117,51516,46917,65615,8417.27.97.48.17.3

At contracting establishments

13,35113,50112,62914,21811,5546.06.15.76.55.3

At closing establishments

2,6404,0143,8403,4384,2871.21.81.71.62.0

Net employment change (2)

3,995-1,262438-1,3871,6141.8-0.60.3-0.60.6

Education and health services

Gross job gains

15,13114,78215,38715,98214,8574.94.74.95.04.7

At expanding establishments

12,99111,90712,23313,43612,3394.23.83.94.23.9

At opening establishments

2,1402,8753,1542,5462,5180.70.91.00.80.8

Gross job losses

11,53313,16012,26013,78214,5293.74.33.94.34.5

At contracting establishments

9,72510,1829,70011,18211,5343.13.33.13.53.6

At closing establishments

1,8082,9782,5602,6002,9950.61.00.80.80.9

Net employment change (2)

3,5981,6223,1272,2003281.20.41.00.70.2

Leisure and hospitality

Gross job gains

19,71617,18219,00417,32718,4719.27.98.77.88.4

At expanding establishments

16,54813,12813,94513,50214,6887.76.06.46.16.7

At opening establishments

3,1684,0545,0593,8253,7831.51.92.31.71.7

Gross job losses

15,38916,78915,04719,46317,6107.27.76.88.88.0

At contracting establishments

12,62913,64312,17016,42814,0965.96.35.57.46.4

At closing establishments

2,7603,1462,8773,0353,5141.31.41.31.41.6

Net employment change (2)

4,3273933,957-2,1368612.00.21.9-1.00.4

Other services (3)

Gross job gains

3,3503,1253,5243,3953,2497.77.17.97.57.1

At expanding establishments

2,4722,3472,6202,6512,5645.75.35.95.95.6

At opening establishments

8787789047446852.01.82.01.61.5

Gross job losses

2,9122,9392,9413,1303,1686.66.76.66.97.0

At contracting establishments

2,5082,3002,0542,4562,3905.75.24.65.45.3

At closing establishments

4046398876747780.91.52.01.51.7

Net employment change (2)

438186583265811.10.41.30.60.1

(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
CategoryGross job gains as a percent of employment
(3 months ended)
Gross job losses as a percent of employment
(3 months ended)
Sept.
2022
Dec.
2022
Mar.
2023
June
2023
Sept.
2023
Sept.
2022
Dec.
2022
Mar.
2023
June
2023
Sept.
2023

United States(1)

6.96.36.26.25.85.95.95.45.95.9

Alabama

6.96.66.45.95.95.96.15.55.76.0

Alaska

8.510.910.411.08.510.49.28.08.910.5

Arizona

7.16.65.97.06.75.56.05.46.55.9

Arkansas

6.56.25.85.85.65.25.25.06.05.7

California

6.86.66.16.76.26.26.66.46.46.5

Colorado

7.07.67.27.35.57.16.96.56.66.2

Connecticut

6.35.96.16.45.86.25.95.35.76.2

Delaware

8.67.06.76.06.06.27.55.25.76.5

District of Columbia

7.25.65.95.45.55.05.54.85.35.4

Florida

7.86.26.36.86.55.66.05.65.85.8

Georgia

7.16.76.26.46.15.95.95.86.56.1

Hawaii

6.46.05.55.75.34.94.95.05.26.9

Idaho

7.88.47.97.97.37.56.97.57.58.2

Illinois

5.85.45.85.44.85.35.14.85.35.5

Indiana

6.45.75.55.55.85.55.25.06.15.8

Iowa

5.96.46.06.05.55.96.25.45.95.8

Kansas

7.46.36.16.15.75.55.65.46.06.0

Kentucky

6.66.06.15.65.75.45.34.95.95.5

Louisiana

6.96.16.36.16.25.76.25.66.46.0

Maine

7.67.47.77.66.87.36.86.27.67.8

Maryland

7.46.66.86.76.46.06.95.66.36.5

Massachusetts

6.25.55.85.95.46.15.84.75.76.1

Michigan

5.75.95.75.95.25.85.24.95.35.9

Minnesota

6.55.95.76.03.15.95.84.95.64.2

Mississippi

7.26.86.16.36.26.36.25.76.66.2

Missouri

6.86.16.55.95.66.35.85.15.95.8

Montana

8.79.28.77.87.77.87.87.18.48.5

Nebraska

7.16.06.36.06.06.15.75.15.65.9

Nevada

7.46.46.26.66.55.86.15.76.05.5

New Hampshire

6.96.77.06.75.96.76.05.96.36.7

New Jersey

6.86.86.16.85.96.45.95.75.95.9

New Mexico

8.06.76.86.46.15.96.25.96.26.7

New York

6.65.96.56.35.85.96.05.15.76.1

North Carolina

6.76.66.46.15.65.85.75.35.76.2

North Dakota

7.66.47.66.96.66.36.75.66.76.6

Ohio

5.85.95.85.65.25.55.74.95.75.7

Oklahoma

7.46.66.36.26.25.65.95.36.06.0

Oregon

6.76.57.36.46.16.06.26.16.96.9

Pennsylvania

6.15.55.55.25.25.15.24.65.55.2

Rhode Island

6.76.97.56.76.57.36.45.97.06.8

South Carolina

7.36.96.86.46.85.66.25.86.85.7

South Dakota

7.36.57.26.86.36.46.55.96.26.3

Tennessee

7.05.85.95.92.75.55.65.05.54.2

Texas

7.26.25.95.85.75.35.35.05.45.5

Utah

7.56.97.06.86.86.86.66.26.26.5

Vermont

7.27.88.27.46.37.87.06.07.58.0

Virginia

7.56.26.26.05.86.15.85.25.86.0

Washington

7.25.96.46.05.46.35.35.55.66.0

West Virginia

8.16.67.16.16.56.96.45.36.16.5

Wisconsin

6.06.06.05.65.25.85.54.95.95.9

Wyoming

9.29.28.98.48.28.47.97.88.78.2

Puerto Rico

6.26.65.15.85.75.36.15.74.95.4

Virgin Islands

8.55.97.57.48.25.54.76.56.87.1

(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