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News Release Information

23-2358-SAN
Wednesday, November 15, 2023

Contacts Technical information: Media contact:
  • (415) 625-2270

Business Employment Dynamics in Nevada — First Quarter 2023

From December 2022 to March 2023, gross job gains from opening and expanding private-sector establishments in Nevada were 81,960, while gross job losses from closing and contracting private-sector establishments were 76,372, 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 gain of 5,588 jobs in the private sector during the first quarter of 2023. During the previous quarter, gross job gains exceeded gross job losses by 5,486. (See chart 1.)

Chart 1. Private-sector gross job gains and losses in Nevada, March 2018-March 2023, seasonally adjusted

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 Technical Note.)

Gross job gains

In the first quarter of 2023, gross job gains represented 6.2 percent of private-sector employment in both Nevada and nationally. (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 66,393 in the first quarter of 2023, a decrease of 4,622 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 15,567 jobs gained in the first quarter of 2023, a gain of 536 jobs from the previous quarter.

Chart 2. Private-sector gross job gains as a percent of employment, United States and Nevada, March 2018-March 2023, seasonally adjusted
Gross job losses

In the first quarter of 2023, gross job losses represented 5.7 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 59,651 jobs in the first quarter of 2023, a decrease of 2,575 jobs from the prior quarter. Closing establishments lost 16,721 jobs, a decrease of 1,613 jobs from the previous quarter.

Chart 3. Private-sector gross job losses as a percent of employment, United States and Nevada, March 2018-March 2023, seasonally adjusted
Industries

Gross job gains exceeded gross job losses in 5 of the 10 industry sectors in Nevada in the first quarter of 2023. Construction had the largest over-the-quarter net job increase, with a gain of 1,185 jobs. This was the result of 9,493 gross job gains and 8,308 gross job losses. Professional and business services showed a net loss of 1,718 jobs, the largest loss of any sector in the state. Nevada’s transportation and warehousing industry sector had a net loss of 1,043 jobs.

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 Second Quarter 2023 are scheduled to be released on Tuesday, January 30, 2024.

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. Most employers in the U.S. are required to file quarterly reports on the employment and wages of workers covered by unemployment insurance (UI) laws, and to pay quarterly UI taxes. The QCEW is based largely on quarterly UI reports which are sent by businesses to the State Workforce Agencies (SWAs). These UI reports are supplemented by two additional BLS data collections to render administrative data into economic statistics. Together these data comprise the QCEW and form the basis of the Bureau’s establishment universe sampling frame.

In the BED program, the QCEW records are linked across quarters to provide a longitudinal history for each establishment. The linkage process allows the tracking of net employment changes at the establishment level, which in turn allows the estimation of jobs gained at opening and expanding units and jobs lost at closing and contracting units.

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all businesses in the economy. BED statistics track these changes in employment at private business establishments from the third month of one quarter to the third month of the next. Gross job gains are the sum of increases in employment from expansions at existing establishments and the addition of new jobs at opening establishments. Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. The difference between the number of gross jobs gained and the number of gross jobs lost is the net change in employment.

Gross job gains and gross job losses are expressed as rates by dividing their levels by the average of employment in the current and previous quarters. The rates are calculated for the components of gross job gains and gross job losses and then summed to form their respective totals. These rates can be added and subtracted just as their levels can. For instance, the difference between the gross job gains rate and the gross job losses rate is the net growth rate.

The formal definitions of employment changes are as follows:

Openings. These are either units with positive third month employment for the first time in the current quarter, with no links to the prior quarter, or with positive third month employment in the current quarter following zero employment in the previous quarter.

Expansions. These are units with positive employment in the third month in both the previous and current quarters, with a net increase in employment over this period.

Closings. These are units with positive third month employment in the previous quarter and either not reported, or reported with zero employment, in the current quarter.

Contractions. These are units with positive employment in the third month in both the previous and current quarters, with a net decrease in employment over this period.

The full Technical Note for the Business Employment Dynamics program, which includes information on coverage, concepts, and methodology, can be found in the current quarterly news release online at www.bls.gov/news.release/cewbd.htm.

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)
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Mar.
2023
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Mar.
2023

Total private (1)

Gross job gains

87,840 90,241 97,965 86,046 81,960 6.8 6.9 7.4 6.4 6.2

At expanding establishments

71,812 71,624 80,363 71,015 66,393 5.6 5.5 6.1 5.3 5.0

At opening establishments

16,028 18,617 17,602 15,031 15,567 1.2 1.4 1.3 1.1 1.2

Gross job losses

70,099 74,337 76,982 80,560 76,372 5.5 5.7 5.8 6.1 5.7

At contracting establishments

57,783 64,155 61,311 62,226 59,651 4.5 4.9 4.6 4.7 4.5

At closing establishments

12,316 10,182 15,671 18,334 16,721 1.0 0.8 1.2 1.4 1.2

Net employment change (2)

17,741 15,904 20,983 5,486 5,588 1.3 1.2 1.6 0.3 0.5

Construction

Gross job gains

11,752 9,626 10,776 9,814 9,493 11.6 9.2 10.3 9.2 8.7

At expanding establishments

10,836 8,757 9,864 8,676 8,822 10.7 8.4 9.4 8.1 8.1

At opening establishments

916 869 912 1,138 671 0.9 0.8 0.9 1.1 0.6

Gross job losses

6,729 8,697 8,536 9,600 8,308 6.6 8.3 8.1 9.0 7.6

At contracting establishments

6,039 7,958 7,635 8,080 7,491 5.9 7.6 7.2 7.6 6.9

At closing establishments

690 739 901 1,520 817 0.7 0.7 0.9 1.4 0.7

Net employment change (2)

5,023 929 2,240 214 1,185 5.0 0.9 2.2 0.2 1.1

Wholesale trade

Gross job gains

2,074 2,241 2,242 2,098 1,832 5.2 5.5 5.4 5.1 4.4

At expanding establishments

1,827 1,864 1,870 1,783 1,696 4.6 4.6 4.5 4.3 4.1

At opening establishments

247 377 372 315 136 0.6 0.9 0.9 0.8 0.3

Gross job losses

1,424 1,598 1,734 1,660 1,532 3.5 3.9 4.2 4.0 3.7

At contracting establishments

1,093 1,303 1,228 1,191 1,121 2.7 3.2 3.0 2.9 2.7

At closing establishments

331 295 506 469 411 0.8 0.7 1.2 1.1 1.0

Net employment change (2)

650 643 508 438 300 1.7 1.6 1.2 1.1 0.7

Retail trade

Gross job gains

10,102 7,679 8,532 6,997 7,453 6.7 5.1 5.7 4.7 5.0

At expanding establishments

9,181 6,777 7,610 6,153 6,750 6.1 4.5 5.1 4.1 4.5

At opening establishments

921 902 922 844 703 0.6 0.6 0.6 0.6 0.5

Gross job losses

6,683 9,995 8,762 8,748 6,605 4.4 6.6 5.8 5.9 4.4

At contracting establishments

5,737 9,277 7,672 7,633 5,815 3.8 6.1 5.1 5.1 3.9

At closing establishments

946 718 1,090 1,115 790 0.6 0.5 0.7 0.8 0.5

Net employment change (2)

3,419 -2,316 -230 -1,751 848 2.3 -1.5 -0.1 -1.2 0.6

Transportation and warehousing

Gross job gains

4,591 3,613 5,145 7,131 4,813 5.0 4.0 5.7 7.7 5.1

At expanding establishments

4,135 3,346 4,842 6,696 4,635 4.5 3.7 5.4 7.2 4.9

At opening establishments

456 267 303 435 178 0.5 0.3 0.3 0.5 0.2

Gross job losses

5,260 5,590 4,052 3,359 5,856 5.8 6.2 4.5 3.6 6.3

At contracting establishments

5,007 5,213 3,424 2,921 5,511 5.5 5.8 3.8 3.1 5.9

At closing establishments

253 377 628 438 345 0.3 0.4 0.7 0.5 0.4

Net employment change (2)

-669 -1,977 1,093 3,772 -1,043 -0.8 -2.2 1.2 4.1 -1.2

Information

Gross job gains

2,061 1,626 2,064 1,538 1,396 12.1 9.2 11.1 8.3 7.7

At expanding establishments

1,621 1,365 1,578 1,283 1,300 9.5 7.7 8.5 6.9 7.2

At opening establishments

440 261 486 255 96 2.6 1.5 2.6 1.4 0.5

Gross job losses

1,155 1,373 1,089 2,281 1,670 6.7 7.7 5.9 12.3 9.2

At contracting establishments

895 1,194 776 1,834 1,254 5.2 6.7 4.2 9.9 6.9

At closing establishments

260 179 313 447 416 1.5 1.0 1.7 2.4 2.3

Net employment change (2)

906 253 975 -743 -274 5.4 1.5 5.2 -4.0 -1.5

Financial activities

Gross job gains

4,666 4,822 4,882 4,341 3,543 6.7 6.8 6.8 6.1 5.0

At expanding establishments

3,842 3,953 3,921 3,596 3,019 5.5 5.6 5.5 5.1 4.3

At opening establishments

824 869 961 745 524 1.2 1.2 1.3 1.0 0.7

Gross job losses

3,823 3,578 5,009 5,210 3,940 5.5 5.1 7.0 7.4 5.6

At contracting establishments

2,988 2,945 3,434 3,732 3,065 4.3 4.2 4.8 5.3 4.4

At closing establishments

835 633 1,575 1,478 875 1.2 0.9 2.2 2.1 1.2

Net employment change (2)

843 1,244 -127 -869 -397 1.2 1.7 -0.2 -1.3 -0.6

Professional and business services

Gross job gains

15,350 20,316 21,336 16,378 13,950 7.6 9.8 10.2 7.7 6.6

At expanding establishments

12,184 16,308 17,006 13,731 11,979 6.0 7.9 8.1 6.5 5.7

At opening establishments

3,166 4,008 4,330 2,647 1,971 1.6 1.9 2.1 1.2 0.9

Gross job losses

16,144 15,194 17,078 19,269 15,668 7.9 7.4 8.1 9.1 7.5

At contracting establishments

13,505 12,718 13,155 14,329 12,970 6.6 6.2 6.2 6.8 6.2

At closing establishments

2,639 2,476 3,923 4,940 2,698 1.3 1.2 1.9 2.3 1.3

Net employment change (2)

-794 5,122 4,258 -2,891 -1,718 -0.3 2.4 2.1 -1.4 -0.9

Education and health services

Gross job gains

7,283 8,749 10,958 8,467 7,855 4.9 5.9 7.2 5.4 5.0

At expanding establishments

6,152 7,260 8,876 7,043 6,866 4.1 4.9 5.8 4.5 4.4

At opening establishments

1,131 1,489 2,082 1,424 989 0.8 1.0 1.4 0.9 0.6

Gross job losses

7,266 7,055 6,925 7,132 7,029 4.8 4.8 4.6 4.6 4.5

At contracting establishments

5,410 6,063 5,437 5,442 5,448 3.6 4.1 3.6 3.5 3.5

At closing establishments

1,856 992 1,488 1,690 1,581 1.2 0.7 1.0 1.1 1.0

Net employment change (2)

17 1,694 4,033 1,335 826 0.1 1.1 2.6 0.8 0.5

Leisure and hospitality

Gross job gains

17,994 19,175 19,274 17,384 16,448 5.5 5.8 5.7 5.2 4.8

At expanding establishments

14,996 15,213 16,781 14,738 13,984 4.6 4.6 5.0 4.4 4.1

At opening establishments

2,998 3,962 2,493 2,646 2,464 0.9 1.2 0.7 0.8 0.7

Gross job losses

14,259 12,887 14,647 13,002 16,427 4.4 3.9 4.4 3.8 4.8

At contracting establishments

11,940 11,484 12,731 10,868 10,905 3.7 3.5 3.8 3.2 3.2

At closing establishments

2,319 1,403 1,916 2,134 5,522 0.7 0.4 0.6 0.6 1.6

Net employment change (2)

3,735 6,288 4,627 4,382 21 1.1 1.9 1.3 1.4 0.0

Other services (3)

Gross job gains

2,854 2,955 3,444 2,882 2,363 8.2 8.3 9.6 7.9 6.5

At expanding establishments

2,271 2,237 2,799 2,442 2,133 6.5 6.3 7.8 6.7 5.9

At opening establishments

583 718 645 440 230 1.7 2.0 1.8 1.2 0.6

Gross job losses

2,282 2,440 2,634 2,620 2,748 6.6 6.9 7.4 7.3 7.6

At contracting establishments

1,696 1,965 1,902 1,944 1,998 4.9 5.6 5.3 5.4 5.5

At closing establishments

586 475 732 676 750 1.7 1.3 2.1 1.9 2.1

Net employment change (2)

572 515 810 262 -385 1.6 1.4 2.2 0.6 -1.1

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)
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Mar.
2023
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Mar.
2023

United States(1)

6.7 6.6 6.9 6.3 6.2 5.5 6.2 5.9 5.9 5.4

Alabama

6.4 6.6 6.9 6.6 6.4 5.9 6.2 5.9 6.1 5.5

Alaska

10.2 10.2 8.5 10.9 10.4 9.5 9.0 10.4 9.2 8.0

Arizona

6.7 6.5 7.1 6.6 5.9 5.7 6.3 5.5 6.0 5.4

Arkansas

6.3 6.1 6.5 6.2 5.8 5.6 5.5 5.2 5.2 5.0

California

7.3 6.8 6.8 6.6 6.1 5.7 6.7 6.2 6.6 6.4

Colorado

7.5 7.3 7.0 7.6 7.2 6.3 6.6 7.1 6.9 6.5

Connecticut

6.3 6.4 6.3 5.9 6.1 5.3 6.3 6.2 5.9 5.3

Delaware

7.3 6.5 8.6 7.0 6.7 5.5 6.9 6.2 7.5 5.2

District of Columbia

6.1 6.1 7.2 5.6 5.9 5.1 6.3 5.0 5.5 4.8

Florida

6.5 7.5 7.8 6.2 6.3 5.7 6.3 5.6 6.0 5.6

Georgia

7.7 6.8 7.1 6.7 6.2 5.8 6.2 5.9 5.9 5.8

Hawaii

6.3 6.0 6.4 6.0 5.5 5.1 5.5 4.9 4.9 5.0

Idaho

8.6 7.1 7.8 8.4 7.9 6.2 8.4 7.5 6.9 7.5

Illinois

6.3 5.9 5.8 5.4 5.8 5.2 5.5 5.3 5.1 4.8

Indiana

5.9 5.7 6.4 5.7 5.5 4.9 5.9 5.5 5.2 5.0

Iowa

6.5 5.9 5.9 6.4 6.0 5.4 6.2 5.9 6.2 5.4

Kansas

6.4 6.5 7.4 6.3 6.1 5.5 7.1 5.5 5.6 5.4

Kentucky

6.7 6.3 6.6 6.0 6.1 5.7 6.5 5.4 5.3 4.9

Louisiana

6.7 6.7 6.9 6.1 6.3 6.3 6.4 5.7 6.2 5.6

Maine

8.5 7.2 7.6 7.4 7.7 6.3 8.0 7.3 6.8 6.2

Maryland

6.7 6.5 7.4 6.6 6.8 6.9 6.9 6.0 6.9 5.6

Massachusetts

6.8 6.1 6.2 5.5 5.8 5.1 5.5 6.1 5.8 4.7

Michigan

6.3 6.0 5.7 5.9 5.7 4.9 5.9 5.8 5.2 4.9

Minnesota

6.2 6.4 6.5 5.9 5.7 5.4 6.4 5.9 5.8 4.9

Mississippi

6.3 6.6 7.2 6.8 6.1 6.2 6.7 6.3 6.2 5.7

Missouri

6.5 6.2 6.8 6.1 6.5 5.4 5.9 6.3 5.8 5.1

Montana

9.3 8.2 8.7 9.2 8.7 7.6 9.1 7.8 7.8 7.1

Nebraska

6.8 6.4 7.1 6.0 6.3 5.9 6.5 6.1 5.7 5.1

Nevada

6.8 6.9 7.4 6.4 6.2 5.5 5.7 5.8 6.1 5.7

New Hampshire

7.7 6.7 6.9 6.7 7.0 5.6 6.7 6.7 6.0 5.9

New Jersey

7.1 6.6 6.8 6.8 6.1 5.7 6.2 6.4 5.9 5.7

New Mexico

7.6 6.7 8.0 6.7 6.8 6.2 7.1 5.9 6.2 5.9

New York

6.8 7.1 6.6 5.9 6.5 5.4 6.1 5.9 6.0 5.1

North Carolina

6.6 6.4 6.7 6.6 6.4 5.4 6.1 5.8 5.7 5.3

North Dakota

7.5 6.9 7.6 6.4 7.6 6.4 6.5 6.3 6.7 5.6

Ohio

6.4 5.9 5.8 5.9 5.8 4.9 5.9 5.5 5.7 4.9

Oklahoma

6.4 6.7 7.4 6.6 6.3 6.0 6.1 5.6 5.9 5.3

Oregon

7.6 6.0 6.7 6.5 7.3 5.6 7.0 6.0 6.2 6.1

Pennsylvania

6.3 5.5 6.1 5.5 5.5 4.8 5.6 5.1 5.2 4.6

Rhode Island

7.9 7.1 6.7 6.9 7.5 6.0 6.7 7.3 6.4 5.9

South Carolina

7.1 6.6 7.3 6.9 6.8 6.1 6.2 5.6 6.2 5.8

South Dakota

7.7 6.6 7.3 6.5 7.2 6.1 6.5 6.4 6.5 5.9

Tennessee

6.6 6.2 7.0 5.8 5.9 4.8 6.2 5.5 5.6 5.0

Texas

6.3 6.6 7.2 6.2 5.9 5.3 5.8 5.3 5.3 5.0

Utah

7.9 7.0 7.5 6.9 7.0 5.9 6.6 6.8 6.6 6.2

Vermont

8.8 7.5 7.2 7.8 8.2 6.4 7.6 7.8 7.0 6.0

Virginia

6.6 6.5 7.5 6.2 6.2 5.8 6.7 6.1 5.8 5.2

Washington

7.3 7.0 7.2 5.9 6.4 5.4 7.2 6.3 5.3 5.5

West Virginia

7.4 6.7 8.1 6.6 7.1 6.1 8.0 6.9 6.4 5.3

Wisconsin

6.6 6.0 6.0 6.0 6.0 4.8 6.0 5.8 5.5 4.9

Wyoming

9.2 8.4 9.2 9.2 8.9 8.3 9.2 8.4 7.9 7.8

Puerto Rico

7.4 6.7 6.2 6.6 5.1 5.0 6.1 5.3 6.1 5.7

Virgin Islands

7.4 8.0 8.5 5.9 7.5 8.8 9.2 5.5 4.7 6.5

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 15, 2023