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What are Business Employment Dynamics ?
Michael Williams
Business Employment Dynamics (BED) data track the number of jobs gained from opening and expanding establishments and the number of jobs lost at contracting and closing establishments each quarter. Gross job gains are the sum of increases in employment from expansions at existing units and the addition of new jobs at opening units. Gross job losses are the result of contractions in employment at existing units and the loss of jobs at closing units. The difference between the number of gross job gains and the number of gross job losses is the net change in employment.
The BED data series are designed to illuminate these dynamic changes in business establishments and employment over time through expansions, contractions, openings, and closings. 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. This new Business Employment Dynamics data series includes gross job gains and gross job losses at the establishment level for the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands.
The data series on Business Employment Dynamics are derived from the Quarterly Census of Employment and Wages (QCEW), also known as the ES-202 program. This program is a quarterly census of all establishments covered under State unemployment insurance (UI) laws and Federal agencies subject to the Unemployment Compensation for Federal Employees program, representing about 98 percent of employment on non-farm payrolls.
More detailed information and data on states’ gross job gains and gross job losses are available at the Business Employment Dynamics Web page at (www.bls.gov/bdm/bdmstate.htm#MI). This information includes data on the levels and rates of gross job gains and gross job losses by state, both seasonally adjusted and not seasonally adjusted, from September 1992 to the most recent published quarter. In addition, data on the number of establishments that opened or closed and expanded or contracted each quarter are available.
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