BLS - U.S. Bureau of Labor Statistics

11/07/2024 | Press release | Distributed by Public on 11/07/2024 10:18

Business Employment Dynamics in Georgia — First Quarter 2024

News Release Information

24-2291-ATL
Thursday, November 07, 2024

From December 2023 to March 2024, gross job gains from opening and expanding private-sector establishments in Georgia were 251,318, while gross job losses from closing and contracting private-sector establishments were 236,982, 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 14,336 jobs in the private sector during the first quarter of 2024. During the previous quarter, gross job gains exceeded gross job losses by 22,843. (See chart 1.)

View Chart Data

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 6.0 percent of private-sector employment in Georgia; 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 Georgia, gross job gains at expanding establishments totaled 194,960 in the first quarter of 2024, a decrease of 5,980 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 56,358 jobs gained in the first quarter of 2024, a decrease of 2,291 jobs from the previous quarter.

View Chart Data


Gross job losses

In the first quarter of 2024, gross job losses represented 5.7 percent of private-sector employment in Georgia; 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 Georgia, contracting establishments lost 186,450 jobs in the first quarter of 2024, an increase of 4,834 jobs from the prior quarter. Closing establishments lost 50,532 jobs, a decrease of 4,598 jobs from the previous quarter.

View Chart Data


Industries

Gross job gains exceeded gross job losses in 7 of the 11 industry sectors in Georgia in the first quarter of 2024. Education and health services had the largest over-the-quarter net job increase, with a gain of 10,524 jobs. This was the result of 36,933 gross job gains and 26,409 gross job losses. The information industry had a net gain of 7,015 jobs. Transportation and warehousing showed a net loss of 10,654 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, at 10:00 a.m. (ET).

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.

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

Gross job gains

270,796 262,324 253,474 259,589 251,318 6.5 6.3 6.1 6.2 6.0

At expanding establishments

215,052 202,968 198,625 200,940 194,960 5.2 4.9 4.8 4.8 4.7

At opening establishments

55,744 59,356 54,849 58,649 56,358 1.3 1.4 1.3 1.4 1.3

Gross job losses

246,010 265,285 251,559 236,746 236,982 6.0 6.4 6.1 5.7 5.7

At contracting establishments

189,005 216,472 193,890 181,616 186,450 4.6 5.2 4.7 4.4 4.5

At closing establishments

57,005 48,813 57,669 55,130 50,532 1.4 1.2 1.4 1.3 1.2

Net employment change

24,786 -2,961 1,915 22,843 14,336 0.5 -0.1 0.0 0.5 0.3

Construction

Gross job gains

17,951 17,409 16,496 17,234 17,446 8.3 7.9 7.5 7.8 7.7

At expanding establishments

14,275 13,276 12,587 13,472 13,435 6.6 6.0 5.7 6.1 5.9

At opening establishments

3,676 4,133 3,909 3,762 4,011 1.7 1.9 1.8 1.7 1.8

Gross job losses

14,620 16,278 16,633 13,943 14,769 6.8 7.4 7.6 6.3 6.5

At contracting establishments

10,976 12,922 12,301 10,244 11,152 5.1 5.9 5.6 4.6 4.9

At closing establishments

3,644 3,356 4,332 3,699 3,617 1.7 1.5 2.0 1.7 1.6

Net employment change

3,331 1,131 -137 3,291 2,677 1.5 0.5 -0.1 1.5 1.2

Manufacturing

Gross job gains

15,578 16,271 16,064 14,868 14,593 3.7 3.8 3.7 3.4 3.5

At expanding establishments

13,859 13,727 14,200 13,011 13,074 3.3 3.2 3.3 3.0 3.1

At opening establishments

1,719 2,544 1,864 1,857 1,519 0.4 0.6 0.4 0.4 0.4

Gross job losses

13,554 14,866 14,411 16,926 12,733 3.2 3.5 3.4 3.9 3.0

At contracting establishments

11,156 12,916 12,203 14,609 10,703 2.6 3.0 2.9 3.4 2.5

At closing establishments

2,398 1,950 2,208 2,317 2,030 0.6 0.5 0.5 0.5 0.5

Net employment change

2,024 1,405 1,653 -2,058 1,860 0.5 0.3 0.3 -0.5 0.5

Wholesale trade

Gross job gains

10,409 10,750 10,441 11,175 9,116 4.6 4.8 4.6 4.9 4.0

At expanding establishments

8,806 9,194 8,822 9,032 7,578 3.9 4.1 3.9 4.0 3.3

At opening establishments

1,603 1,556 1,619 2,143 1,538 0.7 0.7 0.7 0.9 0.7

Gross job losses

9,961 9,920 10,117 9,315 10,174 4.4 4.4 4.5 4.1 4.5

At contracting establishments

7,854 8,287 7,731 7,457 7,920 3.5 3.7 3.4 3.3 3.5

At closing establishments

2,107 1,633 2,386 1,858 2,254 0.9 0.7 1.1 0.8 1.0

Net employment change

448 830 324 1,860 -1,058 0.2 0.4 0.1 0.8 -0.5

Retail trade

Gross job gains

31,908 27,480 27,741 25,483 26,676 6.2 5.3 5.4 5.0 5.2

At expanding establishments

27,602 22,826 23,750 21,136 23,142 5.4 4.4 4.6 4.1 4.5

At opening establishments

4,306 4,654 3,991 4,347 3,534 0.8 0.9 0.8 0.9 0.7

Gross job losses

25,329 30,733 31,110 28,168 23,533 4.9 5.9 6.0 5.5 4.6

At contracting establishments

21,640 27,130 26,227 24,188 20,064 4.2 5.2 5.1 4.7 3.9

At closing establishments

3,689 3,603 4,883 3,980 3,469 0.7 0.7 0.9 0.8 0.7

Net employment change

6,579 -3,253 -3,369 -2,685 3,143 1.3 -0.6 -0.6 -0.5 0.6

Transportation and warehousing

Gross job gains

12,049 12,517 11,976 21,068 10,760 4.4 4.7 4.4 7.7 3.9

At expanding establishments

10,052 10,626 9,987 18,367 9,012 3.7 4.0 3.7 6.7 3.3

At opening establishments

1,997 1,891 1,989 2,701 1,748 0.7 0.7 0.7 1.0 0.6

Gross job losses

17,112 13,835 12,916 11,883 21,414 6.3 5.1 4.8 4.3 7.9

At contracting establishments

15,446 12,171 10,940 9,143 19,249 5.7 4.5 4.1 3.3 7.1

At closing establishments

1,666 1,664 1,976 2,740 2,165 0.6 0.6 0.7 1.0 0.8

Net employment change

-5,063 -1,318 -940 9,185 -10,654 -1.9 -0.4 -0.4 3.4 -4.0

Information

Gross job gains

9,155 6,055 5,698 7,049 13,500 7.3 5.0 5.0 6.3 11.6

At expanding establishments

7,885 4,971 4,212 5,698 12,426 6.3 4.1 3.7 5.1 10.7

At opening establishments

1,270 1,084 1,486 1,351 1,074 1.0 0.9 1.3 1.2 0.9

Gross job losses

8,753 15,428 11,792 5,726 6,485 7.0 12.7 10.4 5.1 5.6

At contracting establishments

6,865 13,281 9,746 4,560 5,421 5.5 10.9 8.6 4.1 4.7

At closing establishments

1,888 2,147 2,046 1,166 1,064 1.5 1.8 1.8 1.0 0.9

Net employment change

402 -9,373 -6,094 1,323 7,015 0.3 -7.7 -5.4 1.2 6.0

Financial activities

Gross job gains

18,190 16,163 14,849 14,893 12,588 6.9 6.0 5.5 5.5 4.6

At expanding establishments

14,908 12,320 11,595 10,849 9,818 5.7 4.6 4.3 4.0 3.6

At opening establishments

3,282 3,843 3,254 4,044 2,770 1.2 1.4 1.2 1.5 1.0

Gross job losses

16,125 13,921 15,163 14,221 14,466 6.1 5.3 5.6 5.3 5.3

At contracting establishments

9,237 10,580 11,077 10,214 10,045 3.5 4.0 4.1 3.8 3.7

At closing establishments

6,888 3,341 4,086 4,007 4,421 2.6 1.3 1.5 1.5 1.6

Net employment change

2,065 2,242 -314 672 -1,878 0.8 0.7 -0.1 0.2 -0.7

Professional and business services

Gross job gains

50,147 54,240 53,572 49,373 45,998 6.4 7.1 7.0 6.5 6.1

At expanding establishments

41,370 43,018 43,059 38,606 35,711 5.3 5.6 5.6 5.1 4.7

At opening establishments

8,777 11,222 10,513 10,767 10,287 1.1 1.5 1.4 1.4 1.4

Gross job losses

61,020 63,747 55,335 54,459 50,321 7.8 8.3 7.2 7.1 6.7

At contracting establishments

49,184 53,459 43,071 42,147 39,779 6.3 7.0 5.6 5.5 5.3

At closing establishments

11,836 10,288 12,264 12,312 10,542 1.5 1.3 1.6 1.6 1.4

Net employment change

-10,873 -9,507 -1,763 -5,086 -4,323 -1.4 -1.2 -0.2 -0.6 -0.6

Education and health services

Gross job gains

36,885 38,526 33,908 32,290 36,933 6.0 6.1 5.2 5.0 5.6

At expanding establishments

30,781 30,945 28,033 26,510 30,302 5.0 4.9 4.3 4.1 4.6

At opening establishments

6,104 7,581 5,875 5,780 6,631 1.0 1.2 0.9 0.9 1.0

Gross job losses

25,315 27,087 25,088 25,478 26,409 4.1 4.3 3.8 3.9 4.0

At contracting establishments

19,129 21,328 18,999 19,042 19,748 3.1 3.4 2.9 2.9 3.0

At closing establishments

6,186 5,759 6,089 6,436 6,661 1.0 0.9 0.9 1.0 1.0

Net employment change

11,570 11,439 8,820 6,812 10,524 1.9 1.8 1.4 1.1 1.6

Leisure and hospitality

Gross job gains

41,766 41,396 43,782 44,937 40,382 8.3 8.2 8.7 8.9 7.9

At expanding establishments

32,815 30,723 32,368 32,896 29,324 6.5 6.1 6.4 6.5 5.7

At opening establishments

8,951 10,673 11,414 12,041 11,058 1.8 2.1 2.3 2.4 2.2

Gross job losses

34,459 41,689 41,915 39,495 40,112 6.9 8.2 8.3 7.7 7.8

At contracting establishments

26,452 33,453 32,292 30,305 32,451 5.3 6.6 6.4 5.9 6.3

At closing establishments

8,007 8,236 9,623 9,190 7,661 1.6 1.6 1.9 1.8 1.5

Net employment change

7,307 -293 1,867 5,442 270 1.4 0.0 0.4 1.2 0.1

Other services

Gross job gains

9,216 10,621 8,555 9,903 9,079 8.2 9.3 7.4 8.7 7.8

At expanding establishments

6,726 7,510 6,330 7,063 6,372 6.0 6.6 5.5 6.2 5.5

At opening establishments

2,490 3,111 2,225 2,840 2,707 2.2 2.7 1.9 2.5 2.3

Gross job losses

9,117 7,814 8,836 8,948 8,926 8.2 6.9 7.8 7.8 7.7

At contracting establishments

6,457 5,733 6,146 6,567 6,468 5.8 5.1 5.4 5.7 5.6

At closing establishments

2,660 2,081 2,690 2,381 2,458 2.4 1.8 2.4 2.1 2.1

Net employment change

99 2,807 -281 955 153 0.0 2.4 -0.4 0.9 0.1
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

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