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News Release Information

24-2294-DAL
Tuesday, November 05, 2024

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

Business Employment Dynamics in Texas – First Quarter 2024

From December 2023 to March 2024, gross job gains from opening and expanding private-sector establishments in Texas were 638,289, while gross job losses from closing and contracting private-sector establishments were 610,710, 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 27,579 jobs in the private sector during the first quarter of 2024. During the previous quarter, gross job gains exceeded gross job losses by 67,569. (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 first quarter of 2024, gross job gains represented 5.4 percent of private-sector employment in Texas; nationally, gross job gains accounted for 5.7 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 Texas, gross job gains at expanding establishments totaled 507,931 in the first quarter of 2024, a decrease of 36,947 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 130,358 jobs gained in the first quarter of 2024, a decrease of 2,203 jobs from the previous quarter.

Gross job losses

In the first quarter of 2024, gross job losses represented 5.1 percent of private-sector employment in Texas; nationally, gross job losses accounted for 5.4 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 Texas, contracting establishments lost 499,721 jobs in the first quarter of 2024, an increase of 16,154 jobs from the prior quarter. Closing establishments lost 110,989 jobs, a decrease of 15,314 jobs from the previous quarter.

Industries

Gross job gains exceeded gross job losses in 8 of the 11 industry sectors in Texas in the first quarter of 2024. Professional and business services had the largest over-the-quarter net job increase, with a gain of 9,045 jobs. This was the result of 132,537 gross job gains and 123,492 gross job losses. The construction industry had a net gain of 7,693 jobs, and the education and health services industry had a net gain of 6,637 jobs. Transportation and warehousing showed a net loss of 15,101 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 Home.

The Business Employment Dynamics for Second Quarter 2024 are scheduled to be released on Wednesday, January 29, 2025.

Revisions to Business Employment Dynamics (BED) Data

Data in this release contain annual revisions in accordance with standard procedures. These revisions 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, Texas, seasonally adjusted
Category Gross job gains and losses
(3 months ended)
Gross job gains and losses
as a percent of employment
(3 months ended)
Mar.
2023
June
2023
Sept.
2023
Dec.
2023
Mar.
2024
Mar.
2023
June
2023
Sept.
2023
Dec.
2023
Mar.
2024

Total private (1)

Gross job gains

699,178 677,532 662,610 677,439 638,289 6.0 5.8 5.7 5.7 5.4

At expanding establishments

567,023 553,447 536,628 544,878 507,931 4.9 4.7 4.6 4.6 4.3

At opening establishments

132,155 124,085 125,982 132,561 130,358 1.1 1.1 1.1 1.1 1.1

Gross job losses

586,970 628,833 643,975 609,870 610,710 5.1 5.4 5.5 5.2 5.1

At contracting establishments

481,952 512,243 513,975 483,567 499,721 4.2 4.4 4.4 4.1 4.2

At closing establishments

105,018 116,590 130,000 126,303 110,989 0.9 1.0 1.1 1.1 0.9

Net employment change (2)

112,208 48,699 18,635 67,569 27,579 0.9 0.4 0.2 0.5 0.3

Construction

Gross job gains

63,770 61,474 62,810 63,187 63,866 7.8 7.6 7.6 7.6 7.6

At expanding establishments

52,195 51,164 53,621 53,040 53,762 6.4 6.3 6.5 6.4 6.4

At opening establishments

11,575 10,310 9,189 10,147 10,104 1.4 1.3 1.1 1.2 1.2

Gross job losses

51,639 55,915 54,505 54,800 56,173 6.4 6.8 6.7 6.6 6.6

At contracting establishments

42,793 45,427 44,164 43,854 46,490 5.3 5.5 5.4 5.3 5.5

At closing establishments

8,846 10,488 10,341 10,946 9,683 1.1 1.3 1.3 1.3 1.1

Net employment change (2)

12,131 5,559 8,305 8,387 7,693 1.4 0.8 0.9 1.0 1.0

Manufacturing

Gross job gains

34,128 37,244 32,491 33,965 34,101 3.6 3.9 3.4 3.5 3.5

At expanding establishments

29,767 32,765 27,189 29,140 28,330 3.1 3.4 2.8 3.0 2.9

At opening establishments

4,361 4,479 5,302 4,825 5,771 0.5 0.5 0.6 0.5 0.6

Gross job losses

31,859 28,748 33,798 29,592 30,538 3.4 3.0 3.5 3.1 3.2

At contracting establishments

27,459 24,488 28,268 25,015 25,880 2.9 2.6 2.9 2.6 2.7

At closing establishments

4,400 4,260 5,530 4,577 4,658 0.5 0.4 0.6 0.5 0.5

Net employment change (2)

2,269 8,496 -1,307 4,373 3,563 0.2 0.9 -0.1 0.4 0.3

Wholesale trade

Gross job gains

31,230 31,573 28,267 29,831 28,198 4.8 4.8 4.3 4.5 4.2

At expanding establishments

26,507 26,885 23,101 24,585 22,628 4.1 4.1 3.5 3.7 3.4

At opening establishments

4,723 4,688 5,166 5,246 5,570 0.7 0.7 0.8 0.8 0.8

Gross job losses

26,664 24,898 27,809 24,309 24,806 4.0 3.7 4.2 3.7 3.8

At contracting establishments

21,144 19,309 22,024 18,907 19,772 3.2 2.9 3.3 2.9 3.0

At closing establishments

5,520 5,589 5,785 5,402 5,034 0.8 0.8 0.9 0.8 0.8

Net employment change (2)

4,566 6,675 458 5,522 3,392 0.8 1.1 0.1 0.8 0.4

Retail trade

Gross job gains

72,741 75,470 74,916 67,619 66,954 5.2 5.4 5.3 4.8 4.8

At expanding establishments

62,939 64,451 64,807 57,526 56,208 4.5 4.6 4.6 4.1 4.0

At opening establishments

9,802 11,019 10,109 10,093 10,746 0.7 0.8 0.7 0.7 0.8

Gross job losses

65,466 71,696 78,405 71,355 63,696 4.7 5.2 5.6 5.1 4.6

At contracting establishments

58,138 63,881 67,544 62,466 55,524 4.2 4.6 4.8 4.5 4.0

At closing establishments

7,328 7,815 10,861 8,889 8,172 0.5 0.6 0.8 0.6 0.6

Net employment change (2)

7,275 3,774 -3,489 -3,736 3,258 0.5 0.2 -0.3 -0.3 0.2

Transportation and warehousing

Gross job gains

27,998 28,031 29,867 44,282 23,361 4.5 4.5 4.8 7.0 3.6

At expanding establishments

23,760 23,832 25,362 40,392 19,894 3.8 3.8 4.1 6.4 3.1

At opening establishments

4,238 4,199 4,505 3,890 3,467 0.7 0.7 0.7 0.6 0.5

Gross job losses

37,482 30,080 26,928 24,952 38,462 6.0 4.9 4.3 4.0 6.1

At contracting establishments

33,322 24,653 22,027 20,769 34,932 5.3 4.0 3.5 3.3 5.5

At closing establishments

4,160 5,427 4,901 4,183 3,530 0.7 0.9 0.8 0.7 0.6

Net employment change (2)

-9,484 -2,049 2,939 19,330 -15,101 -1.5 -0.4 0.5 3.0 -2.5

Information

Gross job gains

11,360 10,151 10,310 8,868 9,614 4.8 4.4 4.4 3.9 4.2

At expanding establishments

9,158 8,619 8,212 6,888 7,728 3.9 3.7 3.5 3.0 3.4

At opening establishments

2,202 1,532 2,098 1,980 1,886 0.9 0.7 0.9 0.9 0.8

Gross job losses

11,352 13,221 12,514 12,007 10,632 4.8 5.7 5.4 5.2 4.7

At contracting establishments

9,316 11,182 10,033 9,945 8,458 3.9 4.8 4.3 4.3 3.7

At closing establishments

2,036 2,039 2,481 2,062 2,174 0.9 0.9 1.1 0.9 1.0

Net employment change (2)

8 -3,070 -2,204 -3,139 -1,018 0.0 -1.3 -1.0 -1.3 -0.5

Financial activities

Gross job gains

44,374 43,471 40,414 39,712 39,213 5.1 5.0 4.6 4.5 4.4

At expanding establishments

34,196 34,202 31,130 28,972 29,501 3.9 3.9 3.5 3.3 3.3

At opening establishments

10,178 9,269 9,284 10,740 9,712 1.2 1.1 1.1 1.2 1.1

Gross job losses

39,564 38,514 40,027 40,842 36,746 4.5 4.3 4.5 4.7 4.0

At contracting establishments

29,904 28,442 28,526 30,571 27,332 3.4 3.2 3.2 3.5 3.0

At closing establishments

9,660 10,072 11,501 10,271 9,414 1.1 1.1 1.3 1.2 1.0

Net employment change (2)

4,810 4,957 387 -1,130 2,467 0.6 0.7 0.1 -0.2 0.4

Professional and business services

Gross job gains

145,389 134,838 135,378 138,009 132,537 6.9 6.3 6.4 6.5 6.3

At expanding establishments

116,082 109,170 107,857 109,916 105,843 5.5 5.1 5.1 5.2 5.0

At opening establishments

29,307 25,668 27,521 28,093 26,694 1.4 1.2 1.3 1.3 1.3

Gross job losses

123,744 140,673 138,097 133,848 123,492 5.8 6.6 6.5 6.3 5.8

At contracting establishments

99,760 112,463 108,900 102,690 97,378 4.7 5.3 5.1 4.8 4.6

At closing establishments

23,984 28,210 29,197 31,158 26,114 1.1 1.3 1.4 1.5 1.2

Net employment change (2)

21,645 -5,835 -2,719 4,161 9,045 1.1 -0.3 -0.1 0.2 0.5

Education and health services

Gross job gains

95,888 95,998 88,498 87,695 85,017 5.3 5.3 4.7 4.7 4.5

At expanding establishments

79,560 80,024 73,025 70,506 67,636 4.4 4.4 3.9 3.8 3.6

At opening establishments

16,328 15,974 15,473 17,189 17,381 0.9 0.9 0.8 0.9 0.9

Gross job losses

73,493 71,928 80,851 77,203 78,380 4.1 3.9 4.3 4.2 4.2

At contracting establishments

58,150 57,650 61,793 57,567 62,330 3.2 3.1 3.3 3.1 3.3

At closing establishments

15,343 14,278 19,058 19,636 16,050 0.9 0.8 1.0 1.1 0.9

Net employment change (2)

22,395 24,070 7,647 10,492 6,637 1.2 1.4 0.4 0.5 0.3

Leisure and hospitality

Gross job gains

118,564 111,902 107,440 117,886 104,003 8.1 7.6 7.2 7.8 6.9

At expanding establishments

92,024 87,194 83,178 89,040 79,389 6.3 5.9 5.6 5.9 5.3

At opening establishments

26,540 24,708 24,262 28,846 24,614 1.8 1.7 1.6 1.9 1.6

Gross job losses

89,342 107,750 106,244 94,847 108,097 6.1 7.3 7.2 6.3 7.1

At contracting establishments

74,388 88,347 86,863 76,117 90,904 5.1 6.0 5.9 5.1 6.0

At closing establishments

14,954 19,403 19,381 18,730 17,193 1.0 1.3 1.3 1.2 1.1

Net employment change (2)

29,222 4,152 1,196 23,039 -4,094 2.0 0.3 0.0 1.5 -0.2

Other services (3)

Gross job gains

28,461 23,693 27,150 24,830 25,529 8.3 6.8 7.9 7.1 7.2

At expanding establishments

22,396 18,025 21,065 18,773 18,788 6.5 5.2 6.1 5.4 5.3

At opening establishments

6,065 5,668 6,085 6,057 6,741 1.8 1.6 1.8 1.7 1.9

Gross job losses

22,410 24,241 22,257 24,731 22,902 6.5 7.0 6.4 7.1 6.5

At contracting establishments

17,106 18,743 15,754 18,765 17,636 5.0 5.4 4.5 5.4 5.0

At closing establishments

5,304 5,498 6,503 5,966 5,266 1.5 1.6 1.9 1.7 1.5

Net employment change (2)

6,051 -548 4,893 99 2,627 1.8 -0.2 1.5 0.0 0.7

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

United States(1)

6.3 6.2 5.9 6.0 5.7 5.5 5.9 6.0 5.7 5.4

Alabama

6.5 6.0 6.0 6.2 5.7 5.6 5.7 6.0 5.7 5.5

Alaska

10.5 11.0 8.5 10.2 10.5 8.6 8.9 10.5 9.9 8.6

Arizona

6.0 7.0 6.8 6.5 8.4 5.6 6.3 5.7 6.6 6.4

Arkansas

5.8 5.9 5.6 6.2 5.6 5.1 6.0 5.8 5.0 5.2

California

6.3 6.8 6.4 6.4 5.8 6.6 6.4 6.5 6.4 5.6

Colorado

7.2 7.3 5.4 8.2 6.4 6.5 6.5 6.1 7.6 7.7

Connecticut

6.2 6.4 5.8 5.6 5.6 5.1 5.7 6.2 5.7 5.2

Delaware

6.7 6.4 6.0 6.1 6.0 5.2 5.8 6.5 5.8 5.1

District of Columbia

6.0 5.4 5.4 5.2 5.1 4.9 5.3 5.4 5.6 4.9

Florida

6.3 6.8 6.5 6.1 5.8 5.7 5.9 5.9 5.9 5.4

Georgia

6.5 6.3 6.1 6.2 6.0 6.0 6.4 6.1 5.7 5.7

Hawaii

5.6 5.7 5.3 6.1 5.4 5.1 5.3 6.8 5.0 5.1

Idaho

7.9 7.8 7.2 8.5 7.9 7.3 7.4 7.9 5.8 8.3

Illinois

5.8 5.4 4.8 5.0 5.1 4.8 5.2 5.3 5.1 4.8

Indiana

5.6 5.6 5.7 5.5 5.3 5.1 5.8 5.7 5.1 5.0

Iowa

6.1 6.0 5.6 6.1 6.1 5.4 5.9 5.8 5.7 5.6

Kansas

6.1 6.1 5.7 5.8 5.7 5.4 6.0 6.0 5.3 5.6

Kentucky

6.1 5.6 5.7 5.7 5.7 4.9 5.9 5.6 5.2 5.0

Louisiana

6.5 6.0 6.2 6.3 6.2 5.5 6.5 6.0 5.8 5.7

Maine

7.8 7.6 7.0 7.4 7.2 6.3 7.6 7.8 7.0 6.1

Maryland

7.2 6.7 6.3 6.2 5.8 6.0 6.6 6.4 5.8 5.7

Massachusetts

5.8 5.9 5.4 5.5 5.2 4.9 5.6 5.9 5.5 5.1

Michigan

5.8 5.9 5.2 5.5 5.4 5.0 5.3 5.9 5.5 5.2

Minnesota

5.8 6.0 3.3 6.9 5.8 4.8 5.5 4.3 6.9 5.7

Mississippi

6.5 6.4 6.2 6.1 5.7 6.1 6.5 6.2 5.7 6.1

Missouri

6.5 5.8 5.6 6.0 5.7 5.1 5.9 5.8 5.6 5.3

Montana

8.7 7.8 7.7 8.8 8.1 7.2 8.4 8.4 7.2 7.5

Nebraska

6.5 6.2 6.0 5.9 5.8 5.2 5.7 5.9 5.7 5.1

Nevada

6.2 6.5 6.5 6.7 5.9 5.8 5.9 5.6 5.4 6.2

New Hampshire

7.0 6.7 5.8 6.2 6.5 5.9 6.3 6.7 5.9 5.8

New Jersey

6.3 6.4 6.0 5.9 5.5 5.8 6.0 6.0 5.8 5.4

New Mexico

7.0 6.6 6.4 6.9 6.0 5.8 6.3 6.8 5.8 6.0

New York

6.5 6.2 5.8 5.7 5.9 5.2 5.8 6.0 5.6 5.0

North Carolina

6.6 6.1 5.7 6.3 5.4 5.3 5.7 6.1 4.9 5.5

North Dakota

7.6 6.9 6.6 6.7 6.9 5.7 6.7 6.6 6.3 6.1

Ohio

6.0 5.6 5.2 5.4 5.5 4.8 5.6 5.6 5.2 4.8

Oklahoma

6.3 6.3 6.3 6.1 5.6 5.4 6.1 6.0 5.8 5.2

Oregon

7.6 6.4 6.1 6.2 6.4 5.9 6.6 6.7 6.2 6.1

Pennsylvania

5.5 5.2 5.2 5.2 5.1 4.7 5.5 5.1 4.8 4.6

Rhode Island

7.4 6.7 6.4 6.8 6.9 5.9 6.8 6.7 6.3 5.7

South Carolina

6.8 6.4 6.6 6.2 6.4 5.9 6.6 5.7 5.3 6.3

South Dakota

7.3 6.7 6.3 6.6 6.3 5.9 6.0 6.3 5.8 5.8

Tennessee

5.9 5.8 5.6 6.2 5.5 5.0 5.5 5.7 5.5 4.9

Texas

6.0 5.8 5.7 5.7 5.4 5.1 5.4 5.5 5.2 5.1

Utah

7.0 6.9 6.9 6.6 6.7 6.3 6.4 6.6 6.5 6.0

Vermont

8.4 7.4 6.4 7.3 7.2 6.0 7.5 7.9 6.6 6.3

Virginia

6.2 6.1 5.9 5.9 5.7 5.2 5.9 6.0 5.5 5.2

Washington

6.6 6.1 5.8 6.0 5.7 6.3 5.7 6.0 5.4 5.3

West Virginia

7.3 6.1 6.5 6.5 6.9 5.5 6.4 6.6 5.8 5.7

Wisconsin

6.1 5.6 5.2 5.5 5.5 4.8 5.8 5.8 5.2 4.8

Wyoming

9.0 8.4 8.3 8.9 8.4 7.8 8.7 8.2 8.4 8.3

Puerto Rico

5.1 5.9 5.7 4.9 5.4 5.8 5.0 5.3 4.8 4.6

Virgin Islands

7.9 7.5 8.2 6.0 5.6 7.4 6.5 6.8 5.9 4.5

(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, November 05, 2024