Business Employment Dynamics in Nevada — First Quarter 2024

From December 2023 to March 2024, gross job losses from closing and contracting private-sector establishments in Nevada were 85,249, while gross job gains from opening and expanding private-sector establishments were 80,893, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Chris Rosenlund noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment loss of 4,356 jobs in the private sector during the first quarter of 2024. During the previous quarter, gross job gains exceeded gross job losses by 16,828. (See chart 1.)

Line chart of private-sector gross job gains and losses in Nevada, March 2019–March 2024, seasonally adjusted.

View Chart Data

Chart 1. Private-sector gross job gains and losses in Nevada, March 2019–March 2024, seasonally adjusted
Period	Gross job losses	Gross job gains
Mar. 2019	66,760	76,540
Jun. 2019	76,470	74,335
Sep. 2019	69,128	74,840
Dec. 2019	64,272	84,734
Mar. 2020	81,030	68,284
Jun. 2020	339,052	59,662
Sep. 2020	68,016	135,513
Dec. 2020	64,081	97,689
Mar. 2021	64,553	84,654
Jun. 2021	66,238	110,846
Sep. 2021	69,910	107,121
Dec. 2021	59,978	103,078
Mar. 2022	69,954	87,902
Jun. 2022	74,226	90,221
Sep. 2022	77,057	97,940
Dec. 2022	80,701	85,985
Mar. 2023	77,227	82,926
Jun. 2023	79,148	87,792
Sep. 2023	75,937	87,797
Dec. 2023	74,522	91,350
Mar. 2024	85,249	80,893

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 5.9 percent of private-sector employment in Nevada; 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 Nevada, gross job gains at expanding establishments totaled 67,141 in the first quarter of 2024, a decrease of 10,317 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 13,752 jobs gained in the first quarter of 2024, a decrease of 140 jobs from the previous quarter.

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Chart 2. Private-sector gross job gains as a percent of employment, United States and Nevada, March 2019–March 2024, seasonally adjusted
Period	Nevada	United States
Mar. 2019	6.2	5.9
Jun. 2019	6.0	6.1
Sep. 2019	6.0	5.9
Dec. 2019	6.7	6.2
Mar. 2020	5.4	5.5
Jun. 2020	5.2	4.8
Sep. 2020	12.8	9.5
Dec. 2020	8.8	7.4
Mar. 2021	7.5	6.9
Jun. 2021	9.4	6.8
Sep. 2021	8.8	7.3
Dec. 2021	8.3	7.7
Mar. 2022	6.9	6.7
Jun. 2022	6.9	6.5
Sep. 2022	7.4	6.9
Dec. 2022	6.4	6.3
Mar. 2023	6.2	6.3
Jun. 2023	6.5	6.2
Sep. 2023	6.5	5.9
Dec. 2023	6.7	6.0
Mar. 2024	5.9	5.7

Gross job losses

In the first quarter of 2024, gross job losses represented 6.2 percent of private-sector employment in Nevada; 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 Nevada, contracting establishments lost 67,820 jobs in the first quarter of 2024, an increase of 2,032 jobs from the prior quarter. Closing establishments lost 17,429 jobs, an increase of 8,695 jobs from the previous quarter.

View Chart Data

Chart 3. Private-sector gross job losses as a percent of employment, United States and Nevada, March 2019–March 2024, seasonally adjusted
Period	Nevada	United States
Mar. 2019	5.4	5.6
Jun. 2019	6.1	5.9
Sep. 2019	5.5	5.8
Dec. 2019	5.1	5.5
Mar. 2020	6.4	6.3
Jun. 2020	29.6	16.8
Sep. 2020	6.4	5.9
Dec. 2020	5.7	5.7
Mar. 2021	5.7	5.5
Jun. 2021	5.7	5.9
Sep. 2021	5.7	6.1
Dec. 2021	4.8	5.4
Mar. 2022	5.4	5.5
Jun. 2022	5.7	6.2
Sep. 2022	5.8	5.9
Dec. 2022	6.1	5.9
Mar. 2023	5.8	5.5
Jun. 2023	5.9	5.9
Sep. 2023	5.6	6.0
Dec. 2023	5.4	5.7
Mar. 2024	6.2	5.4

Industries

Gross job losses exceeded gross job gains in 8 of the 10 industry sectors in Nevada in the first quarter of 2024. Professional and business services had the largest over-the-quarter net job decrease, with a loss of 5,191 jobs. This was the result of 19,078 gross job losses and 13,887 gross job gains. Nevada’s transportation and warehousing industry sector had a net job loss of 3,590 jobs, followed by the construction industry sector with a net loss of 1,928. The leisure and hospitality industry sector showed a net gain of 3,692 jobs, the largest 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, Nevada, seasonally adjusted
Category	Gross job gains and losses (3 months ended)					Gross job gains and losses as a percent of employment (3 months ended)
Category	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	82,926	87,792	87,797	91,350	80,893	6.2	6.5	6.5	6.7	5.9
At expanding establishments	67,306	69,665	71,757	77,458	67,141	5.0	5.2	5.3	5.7	4.9
At opening establishments	15,620	18,127	16,040	13,892	13,752	1.2	1.3	1.2	1.0	1.0
Gross job losses	77,227	79,148	75,937	74,522	85,249	5.8	5.9	5.6	5.4	6.2
At contracting establishments	59,947	65,963	64,651	65,788	67,820	4.5	4.9	4.8	4.8	4.9
At closing establishments	17,280	13,185	11,286	8,734	17,429	1.3	1.0	0.8	0.6	1.3
Net employment change (2)	5,699	8,644	11,860	16,828	-4,356	0.4	0.6	0.9	1.3	-0.3
Construction
Gross job gains	10,211	10,510	9,909	7,943	9,046	9.2	9.4	8.9	7.1	8.3
At expanding establishments	9,088	9,230	8,918	7,338	8,043	8.2	8.3	8.0	6.6	7.4
At opening establishments	1,123	1,280	991	605	1,003	1.0	1.1	0.9	0.5	0.9
Gross job losses	8,398	9,664	9,271	10,672	10,974	7.6	8.7	8.4	9.7	10.0
At contracting establishments	7,537	8,802	8,427	9,934	9,828	6.8	7.9	7.6	9.0	9.0
At closing establishments	861	862	844	738	1,146	0.8	0.8	0.8	0.7	1.0
Net employment change (2)	1,813	846	638	-2,729	-1,928	1.6	0.7	0.5	-2.6	-1.7
Wholesale trade
Gross job gains	2,069	1,976	1,747	1,788	1,691	5.0	4.7	4.1	4.2	4.1
At expanding establishments	1,794	1,695	1,458	1,660	1,527	4.3	4.0	3.4	3.9	3.7
At opening establishments	275	281	289	128	164	0.7	0.7	0.7	0.3	0.4
Gross job losses	1,565	1,843	1,725	1,509	1,802	3.7	4.4	4.1	3.5	4.3
At contracting establishments	1,140	1,480	1,492	1,329	1,248	2.7	3.5	3.5	3.1	3.0
At closing establishments	425	363	233	180	554	1.0	0.9	0.6	0.4	1.3
Net employment change (2)	504	133	22	279	-111	1.3	0.3	0.0	0.7	-0.2
Retail trade
Gross job gains	7,843	7,974	7,828	7,466	6,520	5.2	5.3	5.2	5.1	4.4
At expanding establishments	6,900	6,712	7,077	6,627	6,027	4.6	4.5	4.7	4.5	4.1
At opening establishments	943	1,262	751	839	493	0.6	0.8	0.5	0.6	0.3
Gross job losses	6,800	8,490	8,498	8,276	7,376	4.5	5.7	5.7	5.6	5.0
At contracting establishments	5,880	7,638	7,733	7,291	6,309	3.9	5.1	5.2	4.9	4.3
At closing establishments	920	852	765	985	1,067	0.6	0.6	0.5	0.7	0.7
Net employment change (2)	1,043	-516	-670	-810	-856	0.7	-0.4	-0.5	-0.5	-0.6
Transportation and warehousing
Gross job gains	4,916	5,400	6,075	6,408	3,025	5.2	5.7	6.3	6.5	3.1
At expanding establishments	4,589	5,045	5,800	6,219	2,861	4.9	5.3	6.0	6.3	2.9
At opening establishments	327	355	275	189	164	0.3	0.4	0.3	0.2	0.2
Gross job losses	5,894	4,100	4,191	3,664	6,615	6.2	4.4	4.4	3.8	6.7
At contracting establishments	5,487	3,640	3,630	3,406	5,996	5.8	3.9	3.8	3.5	6.1
At closing establishments	407	460	561	258	619	0.4	0.5	0.6	0.3	0.6
Net employment change (2)	-978	1,300	1,884	2,744	-3,590	-1.0	1.3	1.9	2.7	-3.6
Information
Gross job gains	1,657	1,831	1,309	1,193	2,031	8.5	9.4	6.7	6.2	10.3
At expanding establishments	1,422	1,297	1,055	1,022	1,622	7.3	6.7	5.4	5.3	8.2
At opening establishments	235	534	254	171	409	1.2	2.7	1.3	0.9	2.1
Gross job losses	1,758	1,583	1,566	1,622	1,332	9.1	8.2	8.1	8.5	6.7
At contracting establishments	1,296	1,299	1,398	1,473	919	6.7	6.7	7.2	7.7	4.6
At closing establishments	462	284	168	149	413	2.4	1.5	0.9	0.8	2.1
Net employment change (2)	-101	248	-257	-429	699	-0.6	1.2	-1.4	-2.3	3.6
Financial activities
Gross job gains	3,820	3,923	4,407	4,522	3,504	5.4	5.5	6.1	6.3	4.9
At expanding establishments	3,112	3,324	3,427	3,828	3,157	4.4	4.7	4.7	5.3	4.4
At opening establishments	708	599	980	694	347	1.0	0.8	1.4	1.0	0.5
Gross job losses	4,042	3,815	3,622	5,138	3,959	5.6	5.3	5.0	7.1	5.5
At contracting establishments	3,082	2,784	2,745	4,589	2,842	4.3	3.9	3.8	6.3	3.9
At closing establishments	960	1,031	877	549	1,117	1.3	1.4	1.2	0.8	1.6
Net employment change (2)	-222	108	785	-616	-455	-0.2	0.2	1.1	-0.8	-0.6
Professional and business services
Gross job gains	15,519	17,376	18,091	16,395	13,887	7.3	8.2	8.5	7.6	6.6
At expanding establishments	12,571	14,001	15,059	13,517	12,459	5.9	6.6	7.1	6.3	5.9
At opening establishments	2,948	3,375	3,032	2,878	1,428	1.4	1.6	1.4	1.3	0.7
Gross job losses	16,247	16,512	15,668	15,506	19,078	7.6	7.8	7.3	7.2	9.0
At contracting establishments	13,058	13,355	12,228	13,854	15,280	6.1	6.3	5.7	6.4	7.2
At closing establishments	3,189	3,157	3,440	1,652	3,798	1.5	1.5	1.6	0.8	1.8
Net employment change (2)	-728	864	2,423	889	-5,191	-0.3	0.4	1.2	0.4	-2.4
Education and health services
Gross job gains	8,792	9,051	9,319	7,991	7,469	5.6	5.7	5.8	4.9	4.6
At expanding establishments	7,388	7,554	7,845	7,045	6,860	4.7	4.8	4.9	4.3	4.2
At opening establishments	1,404	1,497	1,474	946	609	0.9	0.9	0.9	0.6	0.4
Gross job losses	7,363	7,811	6,429	6,385	7,654	4.7	4.9	4.0	3.9	4.6
At contracting establishments	5,696	6,420	5,572	5,412	5,787	3.6	4.0	3.5	3.3	3.5
At closing establishments	1,667	1,391	857	973	1,867	1.1	0.9	0.5	0.6	1.1
Net employment change (2)	1,429	1,240	2,890	1,606	-185	0.9	0.8	1.8	1.0	0.0
Leisure and hospitality
Gross job gains	17,144	18,268	17,718	26,695	19,992	5.0	5.4	5.1	7.6	5.6
At expanding establishments	13,998	14,996	14,862	23,621	17,760	4.1	4.4	4.3	6.7	5.0
At opening establishments	3,146	3,272	2,856	3,074	2,232	0.9	1.0	0.8	0.9	0.6
Gross job losses	16,646	16,235	17,422	14,159	16,300	4.9	4.7	5.0	4.0	4.6
At contracting establishments	11,135	14,164	15,973	12,622	13,823	3.3	4.1	4.6	3.6	3.9
At closing establishments	5,511	2,071	1,449	1,537	2,477	1.6	0.6	0.4	0.4	0.7
Net employment change (2)	498	2,033	296	12,536	3,692	0.1	0.7	0.1	3.6	1.0
Other services (3)
Gross job gains	2,732	2,560	2,650	2,738	2,288	7.5	7.0	7.3	7.5	6.2
At expanding establishments	2,264	1,997	1,996	2,308	2,095	6.2	5.5	5.5	6.3	5.7
At opening establishments	468	563	654	430	193	1.3	1.5	1.8	1.2	0.5
Gross job losses	3,012	2,513	2,476	2,284	2,779	8.2	6.9	6.8	6.2	7.5
At contracting establishments	2,051	1,849	2,008	2,014	1,992	5.6	5.1	5.5	5.5	5.4
At closing establishments	961	664	468	270	787	2.6	1.8	1.3	0.7	2.1
Net employment change (2)	-280	47	174	454	-491	-0.7	0.1	0.5	1.3	-1.3
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)
Category	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
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, November 27, 2024

Western Information Office

Business Employment Dynamics in Nevada — First Quarter 2024