BLS - U.S. Bureau of Labor Statistics

11/07/2024 | Press release | Distributed by Public on 11/07/2024 10:23

Business Employment Dynamics in Minnesota — First Quarter 2024

News Release Information

24-2255-CHI
Thursday, November 07, 2024

Contacts Technical information: Media contact:
  • (312) 353-1138

Business Employment Dynamics in Minnesota - First Quarter 2024

From December 2023 to March 2024, gross job gains from opening and expanding private-sector establishments in Minnesota were 147,189, while gross job losses from closing and contracting private-sector establishments were 145,765, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Jason Palmer noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 1,424 jobs in the private sector during the first quarter of 2024. During the previous quarter, gross job losses exceeded gross job gains by 692. (See chart 1.)

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

Mar. 2019

131,327 130,994

Jun. 2019

147,126 136,040

Sep. 2019

131,707 142,978

Dec. 2019

145,260 139,169

Mar. 2020

125,695 143,073

Jun. 2020

99,967 416,621

Sep. 2020

205,310 122,278

Dec. 2020

158,528 156,929

Mar. 2021

220,169 114,687

Jun. 2021

144,663 132,231

Sep. 2021

154,668 159,912

Dec. 2021

175,185 125,677

Mar. 2022

150,834 132,074

Jun. 2022

158,205 158,589

Sep. 2022

162,045 146,717

Dec. 2022

145,489 143,374

Mar. 2023

144,982 120,964

Jun. 2023

152,628 139,937

Sep. 2023

83,684 108,074

Dec. 2023

172,857 173,549

Mar. 2024

147,189 145,765

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 5.8 percent of private-sector employment in Minnesota; 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 Minnesota, gross job gains at expanding establishments totaled 119,177 in the first quarter of 2024, a decrease of 27,875 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 28,012 jobs gained in the first quarter of 2024, an increase of 2,207 jobs from the previous quarter.

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

Mar. 2019

5.2 5.9

Jun. 2019

5.9 6.1

Sep. 2019

5.3 5.9

Dec. 2019

5.8 6.2

Mar. 2020

5.0 5.5

Jun. 2020

4.2 4.8

Sep. 2020

9.0 9.5

Dec. 2020

6.8 7.4

Mar. 2021

9.4 6.9

Jun. 2021

6.1 6.8

Sep. 2021

6.5 7.3

Dec. 2021

7.3 7.7

Mar. 2022

6.2 6.7

Jun. 2022

6.4 6.5

Sep. 2022

6.5 6.9

Dec. 2022

5.8 6.3

Mar. 2023

5.8 6.3

Jun. 2023

6.0 6.2

Sep. 2023

3.3 5.9

Dec. 2023

6.9 6.0

Mar. 2024

5.8 5.7

Gross job losses

In the first quarter of 2024, gross job losses represented 5.7 percent of private-sector employment in Minnesota; 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 Minnesota, contracting establishments lost 106,831 jobs in the first quarter of 2024, a decrease of 30,340 jobs from the prior quarter. Closing establishments lost 38,934 jobs, an increase of 2,556 jobs from the previous quarter.

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

Mar. 2019

5.2 5.6

Jun. 2019

5.5 5.9

Sep. 2019

5.7 5.8

Dec. 2019

5.6 5.5

Mar. 2020

5.7 6.3

Jun. 2020

17.6 16.8

Sep. 2020

5.4 5.9

Dec. 2020

6.8 5.7

Mar. 2021

4.9 5.5

Jun. 2021

5.6 5.9

Sep. 2021

6.7 6.1

Dec. 2021

5.2 5.4

Mar. 2022

5.4 5.5

Jun. 2022

6.4 6.2

Sep. 2022

5.9 5.9

Dec. 2022

5.8 5.9

Mar. 2023

4.8 5.5

Jun. 2023

5.5 5.9

Sep. 2023

4.3 6.0

Dec. 2023

6.9 5.7

Mar. 2024

5.7 5.4

Industries

Gross job gains exceeded gross job losses in 4 of the 11 industry sectors in Minnesota in the first quarter of 2024. Education and health services had the largest over-the-quarter net job increase, with a gain of 4,227 jobs. This was the result of 25,508 gross job gains and 21,281 gross job losses. Retail trade showed the second-largest net gain (3,067 jobs), followed by leisure and hospitality (2,902 jobs). Transportation and warehousing showed a net loss of 2,601 jobs, the largest loss of any sector in the state. Minnesota's manufacturing industry sector had a net loss of 2,564 jobs, followed by professional and business services with a net loss of 2,361.

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, Minnesota, 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

144,982 152,628 83,684 172,857 147,189 5.8 6.0 3.3 6.9 5.8

At expanding establishments

117,013 126,366 56,335 147,052 119,177 4.7 5.0 2.2 5.9 4.7

At opening establishments

27,969 26,262 27,349 25,805 28,012 1.1 1.0 1.1 1.0 1.1

Gross job losses

120,964 139,937 108,074 173,549 145,765 4.8 5.5 4.3 6.9 5.7

At contracting establishments

103,274 111,222 89,784 137,171 106,831 4.1 4.4 3.6 5.5 4.2

At closing establishments

17,690 28,715 18,290 36,378 38,934 0.7 1.1 0.7 1.4 1.5

Net employment change (2)

24,018 12,691 -24,390 -692 1,424 1.0 0.5 -1.0 0.0 0.1

Construction

Gross job gains

15,801 16,659 6,825 19,927 15,940 11.8 12.1 5.1 14.9 11.6

At expanding establishments

12,183 14,122 4,567 17,294 13,048 9.1 10.3 3.4 12.9 9.5

At opening establishments

3,618 2,537 2,258 2,633 2,892 2.7 1.8 1.7 2.0 2.1

Gross job losses

12,013 14,063 12,542 15,995 14,343 8.9 10.2 9.3 11.9 10.4

At contracting establishments

10,644 11,112 10,783 13,007 10,811 7.9 8.1 8.0 9.7 7.8

At closing establishments

1,369 2,951 1,759 2,988 3,532 1.0 2.1 1.3 2.2 2.6

Net employment change (2)

3,788 2,596 -5,717 3,932 1,597 2.9 1.9 -4.2 3.0 1.2

Manufacturing

Gross job gains

10,666 10,266 6,129 12,322 8,528 3.3 3.2 1.9 3.8 2.7

At expanding establishments

9,788 9,682 5,499 11,394 7,673 3.0 3.0 1.7 3.5 2.4

At opening establishments

878 584 630 928 855 0.3 0.2 0.2 0.3 0.3

Gross job losses

9,785 10,980 7,583 13,084 11,092 3.0 3.4 2.3 4.0 3.4

At contracting establishments

8,867 10,037 5,520 11,824 9,114 2.7 3.1 1.7 3.6 2.8

At closing establishments

918 943 2,063 1,260 1,978 0.3 0.3 0.6 0.4 0.6

Net employment change (2)

881 -714 -1,454 -762 -2,564 0.3 -0.2 -0.4 -0.2 -0.7

Wholesale trade

Gross job gains

5,591 5,740 2,583 7,323 6,346 4.2 4.3 2.0 5.5 4.8

At expanding establishments

4,169 4,664 1,438 6,349 5,282 3.1 3.5 1.1 4.8 4.0

At opening establishments

1,422 1,076 1,145 974 1,064 1.1 0.8 0.9 0.7 0.8

Gross job losses

4,832 5,549 3,308 6,844 6,358 3.6 4.2 2.5 5.1 4.8

At contracting establishments

3,997 4,496 2,608 5,095 4,465 3.0 3.4 2.0 3.8 3.4

At closing establishments

835 1,053 700 1,749 1,893 0.6 0.8 0.5 1.3 1.4

Net employment change (2)

759 191 -725 479 -12 0.6 0.1 -0.5 0.4 0.0

Retail trade

Gross job gains

16,754 16,900 10,849 15,411 17,950 6.0 5.9 3.8 5.5 6.3

At expanding establishments

14,797 14,893 9,160 13,732 15,069 5.3 5.2 3.2 4.9 5.3

At opening establishments

1,957 2,007 1,689 1,679 2,881 0.7 0.7 0.6 0.6 1.0

Gross job losses

13,669 14,853 15,052 18,676 14,883 4.8 5.2 5.3 6.7 5.2

At contracting establishments

12,134 12,825 13,630 15,968 11,992 4.3 4.5 4.8 5.7 4.2

At closing establishments

1,535 2,028 1,422 2,708 2,891 0.5 0.7 0.5 1.0 1.0

Net employment change (2)

3,085 2,047 -4,203 -3,265 3,067 1.2 0.7 -1.5 -1.2 1.1

Transportation and warehousing

Gross job gains

5,446 5,738 4,418 9,754 5,408 5.5 5.9 4.6 9.8 5.5

At expanding establishments

4,621 4,752 3,881 8,279 4,550 4.7 4.9 4.0 8.3 4.6

At opening establishments

825 986 537 1,475 858 0.8 1.0 0.6 1.5 0.9

Gross job losses

5,976 5,619 4,615 5,934 8,009 6.2 5.8 4.7 5.9 8.1

At contracting establishments

5,615 4,951 4,087 4,997 6,762 5.8 5.1 4.2 5.0 6.8

At closing establishments

361 668 528 937 1,247 0.4 0.7 0.5 0.9 1.3

Net employment change (2)

-530 119 -197 3,820 -2,601 -0.7 0.1 -0.1 3.9 -2.6

Information

Gross job gains

1,870 1,967 1,070 2,391 1,686 4.1 4.4 2.4 5.5 3.8

At expanding establishments

1,235 1,249 527 1,783 1,189 2.7 2.8 1.2 4.1 2.7

At opening establishments

635 718 543 608 497 1.4 1.6 1.2 1.4 1.1

Gross job losses

2,058 2,276 1,780 3,072 2,369 4.6 5.0 4.0 7.0 5.4

At contracting establishments

1,707 1,631 1,200 2,136 1,803 3.8 3.6 2.7 4.9 4.1

At closing establishments

351 645 580 936 566 0.8 1.4 1.3 2.1 1.3

Net employment change (2)

-188 -309 -710 -681 -683 -0.5 -0.6 -1.6 -1.5 -1.6

Financial activities

Gross job gains

5,664 8,255 4,402 7,798 5,651 3.2 4.7 2.5 4.5 3.2

At expanding establishments

4,402 6,738 2,936 6,526 4,207 2.5 3.8 1.7 3.8 2.4

At opening establishments

1,262 1,517 1,466 1,272 1,444 0.7 0.9 0.8 0.7 0.8

Gross job losses

5,818 7,549 6,907 8,901 6,879 3.3 4.3 4.0 5.1 3.9

At contracting establishments

4,767 5,491 5,744 6,735 4,908 2.7 3.1 3.3 3.9 2.8

At closing establishments

1,051 2,058 1,163 2,166 1,971 0.6 1.2 0.7 1.2 1.1

Net employment change (2)

-154 706 -2,505 -1,103 -1,228 -0.1 0.4 -1.5 -0.6 -0.7

Professional and business services

Gross job gains

22,103 23,490 10,327 24,536 20,127 5.7 6.0 2.7 6.5 5.4

At expanding establishments

16,535 18,762 4,910 20,752 15,651 4.3 4.8 1.3 5.5 4.2

At opening establishments

5,568 4,728 5,417 3,784 4,476 1.4 1.2 1.4 1.0 1.2

Gross job losses

19,787 24,482 18,480 33,723 22,488 5.1 6.3 4.8 8.9 6.1

At contracting establishments

16,443 18,877 15,110 26,216 15,898 4.2 4.9 3.9 6.9 4.3

At closing establishments

3,344 5,605 3,370 7,507 6,590 0.9 1.4 0.9 2.0 1.8

Net employment change (2)

2,316 -992 -8,153 -9,187 -2,361 0.6 -0.3 -2.1 -2.4 -0.7

Education and health services

Gross job gains

23,000 23,892 15,656 29,011 25,508 4.3 4.4 2.9 5.3 4.6

At expanding establishments

19,627 20,164 9,830 24,209 20,915 3.7 3.7 1.8 4.4 3.8

At opening establishments

3,373 3,728 5,826 4,802 4,593 0.6 0.7 1.1 0.9 0.8

Gross job losses

16,060 19,398 9,693 25,895 21,281 3.0 3.6 1.8 4.7 3.9

At contracting establishments

13,304 14,550 7,937 18,586 14,717 2.5 2.7 1.5 3.4 2.7

At closing establishments

2,756 4,848 1,756 7,309 6,564 0.5 0.9 0.3 1.3 1.2

Net employment change (2)

6,940 4,494 5,963 3,116 4,227 1.3 0.8 1.1 0.6 0.7

Leisure and hospitality

Gross job gains

27,611 28,710 14,958 32,267 29,690 10.5 10.7 5.6 12.1 11.1

At expanding establishments

21,297 22,460 9,613 26,413 23,465 8.1 8.4 3.6 9.9 8.8

At opening establishments

6,314 6,250 5,345 5,854 6,225 2.4 2.3 2.0 2.2 2.3

Gross job losses

22,053 25,657 21,065 29,659 26,788 8.4 9.5 7.9 11.1 10.0

At contracting establishments

18,518 20,483 17,703 23,542 18,670 7.1 7.6 6.6 8.8 7.0

At closing establishments

3,535 5,174 3,362 6,117 8,118 1.3 1.9 1.3 2.3 3.0

Net employment change (2)

5,558 3,053 -6,107 2,608 2,902 2.1 1.2 -2.3 1.0 1.1

Other services (3)

Gross job gains

7,064 7,267 3,724 7,689 7,008 8.5 8.6 4.3 9.0 8.2

At expanding establishments

5,596 5,752 1,984 6,444 5,284 6.7 6.8 2.3 7.5 6.2

At opening establishments

1,468 1,515 1,740 1,245 1,724 1.8 1.8 2.0 1.5 2.0

Gross job losses

5,430 5,757 4,511 7,928 7,341 6.5 6.7 5.3 9.2 8.6

At contracting establishments

4,114 4,200 3,516 5,934 4,607 4.9 4.9 4.1 6.9 5.4

At closing establishments

1,316 1,557 995 1,994 2,734 1.6 1.8 1.2 2.3 3.2

Net employment change (2)

1,634 1,510 -787 -239 -333 2.0 1.9 -1.0 -0.2 -0.4

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.
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.