BLS - U.S. Bureau of Labor Statistics

11/05/2024 | Press release | Distributed by Public on 11/05/2024 14:34

Business Employment Dynamics in Missouri – First Quarter 2024

News Release Information

24-2289-KAN
Tuesday, November 05, 2024

Contacts Technical information: Media contact:
  • (816) 285-7000

Business Employment Dynamics in Missouri - First Quarter 2024

From December 2023 to March 2024, gross job gains from opening and expanding private-sector establishments in Missouri were 143,939, while gross job losses from closing and contracting private-sector establishments were 133,471, 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 10,468 jobs in the private sector during the first quarter of 2024. During the previous quarter, gross job gains exceeded gross job losses by 8,205. (See chart 1.)

View Chart Data
Chart 1. Private-sector gross job gains and losses in Missouri, March 2019-March 2024, seasonally adjusted
Period Gross job gains Gross job losses

Mar. 2019

129,905 126,998

Jun. 2019

136,646 138,010

Sep. 2019

138,328 137,648

Dec. 2019

148,171 127,486

Mar. 2020

123,551 142,804

Jun. 2020

108,011 326,379

Sep. 2020

188,917 125,188

Dec. 2020

161,641 119,968

Mar. 2021

147,772 121,229

Jun. 2021

141,998 142,403

Sep. 2021

156,134 140,445

Dec. 2021

174,092 131,031

Mar. 2022

154,344 130,903

Jun. 2022

151,342 142,259

Sep. 2022

164,983 153,550

Dec. 2022

146,362 141,430

Mar. 2023

159,679 125,940

Jun. 2023

144,612 146,316

Sep. 2023

138,211 144,299

Dec. 2023

146,769 138,564

Mar. 2024

143,939 133,471

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 5.7 percent of private-sector employment both in Missouri 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 Missouri, gross job gains at expanding establishments totaled 115,511 in the first quarter of 2024, an increase of 253 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 28,428 jobs gained in the first quarter of 2024, a decrease of 3,083 jobs from the previous quarter.

View Chart Data
Chart 2. Private-sector gross job gains as a percent of employment, United States and Missouri, March 2019-March 2024, seasonally adjusted
Period United States Missouri

Mar. 2019

5.9 5.4

Jun. 2019

6.1 5.7

Sep. 2019

5.9 5.8

Dec. 2019

6.2 6.2

Mar. 2020

5.5 5.2

Jun. 2020

4.8 4.7

Sep. 2020

9.5 8.5

Dec. 2020

7.4 7.1

Mar. 2021

6.9 6.3

Jun. 2021

6.8 6.1

Sep. 2021

7.3 6.7

Dec. 2021

7.7 7.3

Mar. 2022

6.7 6.5

Jun. 2022

6.5 6.2

Sep. 2022

6.9 6.8

Dec. 2022

6.3 6.0

Mar. 2023

6.3 6.5

Jun. 2023

6.2 5.8

Sep. 2023

5.9 5.6

Dec. 2023

6.0 6.0

Mar. 2024

5.7 5.7
Gross job losses

In the first quarter of 2024, gross job losses represented 5.3 percent of private-sector employment in Missouri; 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 Missouri, contracting establishments lost 105,341 jobs in the first quarter of 2024, a decrease of 5,444 jobs from the prior quarter. Closing establishments lost 28,130 jobs, an increase of 351 jobs from the previous quarter.

View Chart Data
Chart 3. Private-sector gross job losses as a percent of employment, United States and Missouri, March 2019-March 2024, seasonally adjusted
Period United States Missouri

Mar. 2019

5.6 5.3

Jun. 2019

5.9 5.7

Sep. 2019

5.8 5.7

Dec. 2019

5.5 5.3

Mar. 2020

6.3 6.0

Jun. 2020

16.8 14.1

Sep. 2020

5.9 5.6

Dec. 2020

5.7 5.3

Mar. 2021

5.5 5.3

Jun. 2021

5.9 6.1

Sep. 2021

6.1 6.1

Dec. 2021

5.4 5.5

Mar. 2022

5.5 5.5

Jun. 2022

6.2 5.9

Sep. 2022

5.9 6.3

Dec. 2022

5.9 5.8

Mar. 2023

5.5 5.1

Jun. 2023

5.9 5.9

Sep. 2023

6.0 5.8

Dec. 2023

5.7 5.6

Mar. 2024

5.4 5.3
Industries

Gross job gains exceeded gross job losses in 5 of the 11 industry sectors in Missouri in the first quarter of 2024. Leisure and hospitality had the largest over-the-quarter net job increase, with a gain of 4,596 jobs. This was the result of 28,191 gross job gains and 23,595 gross job losses. The education and health services industry had a net gain of 4,177 jobs, followed by the construction industry with a net gain of 4,143 jobs. Transportation and warehousing showed a net loss of 2,022 jobs, the largest loss of any sector in the state. Missouri's professional and business services industry sector had a net loss of 1,814 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 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, Missouri, 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

159,679 144,612 138,211 146,769 143,939 6.5 5.8 5.6 6.0 5.7

At expanding establishments

129,145 117,364 110,983 115,258 115,511 5.3 4.7 4.5 4.7 4.6

At opening establishments

30,534 27,248 27,228 31,511 28,428 1.2 1.1 1.1 1.3 1.1

Gross job losses

125,940 146,316 144,299 138,564 133,471 5.1 5.9 5.8 5.6 5.3

At contracting establishments

101,188 120,865 116,876 110,785 105,341 4.1 4.9 4.7 4.5 4.2

At closing establishments

24,752 25,451 27,423 27,779 28,130 1.0 1.0 1.1 1.1 1.1

Net employment change (2)

33,739 -1,704 -6,088 8,205 10,468 1.4 -0.1 -0.2 0.4 0.4

Construction

Gross job gains

12,900 11,372 10,592 12,071 13,297 8.9 7.8 7.4 8.3 8.9

At expanding establishments

9,992 9,297 8,547 9,843 11,050 6.9 6.4 6.0 6.8 7.4

At opening establishments

2,908 2,075 2,045 2,228 2,247 2.0 1.4 1.4 1.5 1.5

Gross job losses

9,754 11,678 11,673 10,352 9,154 6.7 8.0 8.2 7.2 6.2

At contracting establishments

7,685 9,749 9,536 8,236 7,227 5.3 6.7 6.7 5.7 4.9

At closing establishments

2,069 1,929 2,137 2,116 1,927 1.4 1.3 1.5 1.5 1.3

Net employment change (2)

3,146 -306 -1,081 1,719 4,143 2.2 -0.2 -0.8 1.1 2.7

Manufacturing

Gross job gains

8,370 8,912 7,468 8,738 7,584 2.9 3.1 2.6 3.0 2.7

At expanding establishments

7,479 7,812 6,777 7,855 6,495 2.6 2.7 2.4 2.7 2.3

At opening establishments

891 1,100 691 883 1,089 0.3 0.4 0.2 0.3 0.4

Gross job losses

7,946 8,353 9,180 10,075 8,350 2.8 2.9 3.2 3.5 2.9

At contracting establishments

7,226 7,403 8,455 9,018 7,534 2.5 2.6 2.9 3.1 2.6

At closing establishments

720 950 725 1,057 816 0.3 0.3 0.3 0.4 0.3

Net employment change (2)

424 559 -1,712 -1,337 -766 0.1 0.2 -0.6 -0.5 -0.2

Wholesale trade

Gross job gains

5,871 5,552 4,958 5,729 5,143 4.6 4.4 3.9 4.4 4.0

At expanding establishments

5,002 4,839 4,221 5,045 4,219 3.9 3.8 3.3 3.9 3.3

At opening establishments

869 713 737 684 924 0.7 0.6 0.6 0.5 0.7

Gross job losses

5,282 5,188 5,012 4,628 5,499 4.2 4.0 3.9 3.6 4.3

At contracting establishments

4,073 4,137 3,990 3,708 4,504 3.2 3.2 3.1 2.9 3.5

At closing establishments

1,209 1,051 1,022 920 995 1.0 0.8 0.8 0.7 0.8

Net employment change (2)

589 364 -54 1,101 -356 0.4 0.4 0.0 0.8 -0.3

Retail trade

Gross job gains

18,926 16,766 16,477 15,764 15,707 6.2 5.5 5.4 5.2 5.1

At expanding establishments

16,258 14,132 14,392 12,812 13,903 5.3 4.6 4.7 4.2 4.5

At opening establishments

2,668 2,634 2,085 2,952 1,804 0.9 0.9 0.7 1.0 0.6

Gross job losses

13,546 17,385 17,292 17,164 13,662 4.4 5.6 5.6 5.6 4.4

At contracting establishments

11,960 15,770 14,814 15,188 11,764 3.9 5.1 4.8 5.0 3.8

At closing establishments

1,586 1,615 2,478 1,976 1,898 0.5 0.5 0.8 0.6 0.6

Net employment change (2)

5,380 -619 -815 -1,400 2,045 1.8 -0.1 -0.2 -0.4 0.7

Transportation and warehousing

Gross job gains

6,373 6,207 5,750 8,725 6,037 5.8 5.6 5.2 7.9 5.5

At expanding establishments

5,197 5,274 4,952 7,693 4,826 4.7 4.8 4.5 7.0 4.4

At opening establishments

1,176 933 798 1,032 1,211 1.1 0.8 0.7 0.9 1.1

Gross job losses

7,696 6,641 7,272 6,118 8,059 7.0 6.1 6.7 5.6 7.4

At contracting establishments

6,730 5,660 6,306 4,998 7,080 6.1 5.2 5.8 4.6 6.5

At closing establishments

966 981 966 1,120 979 0.9 0.9 0.9 1.0 0.9

Net employment change (2)

-1,323 -434 -1,522 2,607 -2,022 -1.2 -0.5 -1.5 2.3 -1.9

Information

Gross job gains

2,170 2,072 2,389 2,334 1,814 4.5 4.2 4.9 4.8 3.8

At expanding establishments

1,510 1,623 1,786 1,601 1,260 3.1 3.3 3.7 3.3 2.6

At opening establishments

660 449 603 733 554 1.4 0.9 1.2 1.5 1.2

Gross job losses

2,005 2,557 2,593 2,550 2,150 4.1 5.3 5.3 5.3 4.5

At contracting establishments

1,551 1,989 1,945 2,016 1,568 3.2 4.1 4.0 4.2 3.3

At closing establishments

454 568 648 534 582 0.9 1.2 1.3 1.1 1.2

Net employment change (2)

165 -485 -204 -216 -336 0.4 -1.1 -0.4 -0.5 -0.7

Financial activities

Gross job gains

10,882 7,875 7,123 7,501 7,369 6.2 4.5 4.1 4.3 4.2

At expanding establishments

8,814 6,309 5,407 5,603 5,804 5.0 3.6 3.1 3.2 3.3

At opening establishments

2,068 1,566 1,716 1,898 1,565 1.2 0.9 1.0 1.1 0.9

Gross job losses

9,109 8,167 8,207 9,233 7,555 5.2 4.7 4.7 5.3 4.4

At contracting establishments

6,719 6,636 6,526 7,411 5,851 3.8 3.8 3.7 4.3 3.4

At closing establishments

2,390 1,531 1,681 1,822 1,704 1.4 0.9 1.0 1.0 1.0

Net employment change (2)

1,773 -292 -1,084 -1,732 -186 1.0 -0.2 -0.6 -1.0 -0.2

Professional and business services

Gross job gains

25,871 23,892 23,270 22,719 22,804 6.7 6.2 6.1 6.0 6.1

At expanding establishments

20,440 19,127 18,158 17,527 17,646 5.3 5.0 4.8 4.6 4.7

At opening establishments

5,431 4,765 5,112 5,192 5,158 1.4 1.2 1.3 1.4 1.4

Gross job losses

25,189 25,627 24,996 25,451 24,618 6.6 6.7 6.5 6.8 6.6

At contracting establishments

19,941 20,868 19,910 19,944 19,302 5.2 5.5 5.2 5.3 5.2

At closing establishments

5,248 4,759 5,086 5,507 5,316 1.4 1.2 1.3 1.5 1.4

Net employment change (2)

682 -1,735 -1,726 -2,732 -1,814 0.1 -0.5 -0.4 -0.8 -0.5

Education and health services

Gross job gains

29,024 26,082 26,575 25,828 27,925 6.2 5.5 5.6 5.4 5.7

At expanding establishments

22,383 19,775 20,039 17,209 20,501 4.8 4.2 4.2 3.6 4.2

At opening establishments

6,641 6,307 6,536 8,619 7,424 1.4 1.3 1.4 1.8 1.5

Gross job losses

18,418 21,748 20,844 21,269 23,748 4.0 4.6 4.4 4.4 4.9

At contracting establishments

12,531 15,186 13,886 13,688 14,998 2.7 3.2 2.9 2.8 3.1

At closing establishments

5,887 6,562 6,958 7,581 8,750 1.3 1.4 1.5 1.6 1.8

Net employment change (2)

10,606 4,334 5,731 4,559 4,177 2.2 0.9 1.2 1.0 0.8

Leisure and hospitality

Gross job gains

30,601 27,903 26,072 29,163 28,191 9.9 8.9 8.5 9.4 8.9

At expanding establishments

25,221 22,764 20,933 23,385 23,344 8.2 7.3 6.8 7.5 7.4

At opening establishments

5,380 5,139 5,139 5,778 4,847 1.7 1.6 1.7 1.9 1.5

Gross job losses

20,055 31,430 29,810 24,710 23,595 6.5 10.1 9.7 7.9 7.5

At contracting establishments

17,340 27,338 25,473 21,168 19,944 5.6 8.8 8.3 6.8 6.3

At closing establishments

2,715 4,092 4,337 3,542 3,651 0.9 1.3 1.4 1.1 1.2

Net employment change (2)

10,546 -3,527 -3,738 4,453 4,596 3.4 -1.2 -1.2 1.5 1.4

Other services (3)

Gross job gains

6,472 5,992 5,661 5,417 5,997 8.7 8.0 7.6 7.1 7.8

At expanding establishments

4,988 4,736 4,192 4,260 4,689 6.7 6.3 5.6 5.6 6.1

At opening establishments

1,484 1,256 1,469 1,157 1,308 2.0 1.7 2.0 1.5 1.7

Gross job losses

4,924 5,721 5,396 5,167 5,251 6.6 7.7 7.1 6.9 6.8

At contracting establishments

3,713 4,612 4,235 3,843 4,001 5.0 6.2 5.6 5.1 5.2

At closing establishments

1,211 1,109 1,161 1,324 1,250 1.6 1.5 1.5 1.8 1.6

Net employment change (2)

1,548 271 265 250 746 2.1 0.3 0.5 0.2 1.0

(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.