News Release Information

16-221-KAN
Wednesday, February 10, 2016

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

Business Employment Dynamics in Colorado – Second Quarter 2015

From March 2015 to June 2015, gross job gains in private sector establishments in Colorado totaled 146,534, while gross job losses numbered 135,196, the U.S. Bureau of Labor Statistics reported today. Gross job gains exceeded gross job losses by 11,338. Regional Commissioner Stanley W. Suchman noted that gross jobs gains exceeded gross job losses by 14,005 during the previous quarter.

 Chart 1. Private sector gross job gains and losses in Colorado, June 2010-June 2015, 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 businesses in the economy. Business Employment Dynamics (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 job gains and the number of gross job losses is the net change in employment. (See the Technical Note for more information.)

Gross job gains in Colorado increased by 4,060 from March 2015 to June 2015 and have been above 140,000 in each of the past five quarters. Gross job losses also increased for the 3 months ended in June 2015, up 6,727, and were at their highest level since the third quarter of 2009. Despite the increase in the number of gross job losses in the past two quarters, gross job gains have exceeded gross job losses in each quarter since June 2010. (See chart 1.)

 Chart 2. Private sector gross job gains and losses as a percent of employment, United States and Colorado, June 2010-June 2015, seasonally adjusted

Gross job gains represented 7.0 percent of private sector employment in Colorado in the quarter ended June 2015, while nationally gross job gains accounted for 6.4 percent of private employment. (See chart 2.) The rates of both gross job gains and gross job losses in Colorado have been above the U.S. rate since data were first published in 1992.

During the second quarter of 2015, gross job gains exceeded gross job losses in 10 of the 11 industry sectors in Colorado. For example, within leisure and hospitality, gross job gains exceeded gross job losses by 4,399. While 32,011 jobs in the industry were created by opening and expanding establishments, 27,612 jobs were lost in closing and contracting establishments in the 3 months ended in June 2015. In retail trade, 17,591 jobs were created in opening and expanding establishments and 14,573 jobs were lost in closing and contracting establishments. Gross job gains exceeded gross job losses by more than 1,000 in two additional industry sectors—education and health services (2,696) and financial activities (1,526). (See table 1.)

In contrast, gross job losses exceeded gross job gains in the construction sector during the second quarter of 2015. The 14,803 jobs lost in closing and contracting establishments offset the 13,796 jobs created in opening and expanding establishments.

For More Information

BED data for the states have been included in table 2 of this release. For more information on the Business Employment Dynamics data, visit the BED web site at www.bls.gov/bdm/.

The Business Employment Dynamics for Third Quarter 2015 are scheduled to be released on Wednesday, April 27, 2016 at 10:00 a.m. (EDT).


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), or the ES-202 program. The BED data are compiled from existing quarterly QCEW records. The QCEW reports are sent by the State Employment Security Agencies (SESAs) to BLS and form the basis of the Bureau’s QCEW program and establishment universe sampling frame. These reports are also used to produce the QCEW data on total employment and wages. Other important Bureau uses of the QCEW reports are in the Current Employment Statistics (CES) program. The CES program produces monthly estimates of employment, net changes, and earnings by detailed industry.

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 establishments and jobs lost at closing and contracting establishments.

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 establishments 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 establishments 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 either establishments with positive third month employment in the previous quarter, with no employment or zero employment reported in the current quarter.

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

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 800-877-8339.

Table 1. Private sector gross job gains and losses by industry, Colorado, seasonally adjusted
Category Gross job gains and job losses
(3 months ended)
Gross job gains and job losses
as a percent of employment
(3 months ended)
June
2014
Sept.
2014
Dec.
2014
Mar.
2015
June
2015
June
2014
Sept.
2014
Dec.
2014
Mar.
2015
June
2015

Total private (1)

 

Gross job gains

146,328 148,683 145,332 142,474 146,534 7.2 7.3 7.0 6.9 7.0

At expanding establishments

119,759 119,753 119,843 115,406 120,698 5.9 5.9 5.8 5.6 5.8

At opening establishments

26,569 28,930 25,489 27,068 25,836 1.3 1.4 1.2 1.3 1.2

Gross job losses

122,865 125,853 124,926 128,469 135,196 6.1 6.1 6.1 6.1 6.4

At contracting establishments

100,175 104,681 100,966 106,908 109,213 5.0 5.1 4.9 5.1 5.2

At closing establishments

22,690 21,172 23,960 21,561 25,983 1.1 1.0 1.2 1.0 1.2

Net employment change (2)

23,463 22,830 20,406 14,005 11,338 1.1 1.2 0.9 0.8 0.6

Construction

 

Gross job gains

14,871 14,680 14,773 14,217 13,796 10.6 10.3 10.2 9.5 9.3

At expanding establishments

12,213 11,812 12,334 11,555 11,352 8.7 8.3 8.5 7.7 7.7

At opening establishments

2,658 2,868 2,439 2,662 2,444 1.9 2.0 1.7 1.8 1.6

Gross job losses

12,361 12,677 11,524 13,921 14,803 8.8 8.9 7.9 9.3 10.0

At contracting establishments

10,025 10,411 9,133 11,314 12,095 7.1 7.3 6.3 7.6 8.2

At closing establishments

2,336 2,266 2,391 2,607 2,708 1.7 1.6 1.6 1.7 1.8

Net employment change (2)

2,510 2,003 3,249 296 -1,007 1.8 1.4 2.3 0.2 -0.7

Manufacturing

 

Gross job gains

5,689 5,915 5,692 5,451 5,983 4.2 4.3 4.1 3.9 4.3

At expanding establishments

5,191 5,302 5,015 4,883 5,457 3.8 3.9 3.6 3.5 3.9

At opening establishments

498 613 677 568 526 0.4 0.4 0.5 0.4 0.4

Gross job losses

4,365 4,425 4,723 4,544 5,115 3.2 3.3 3.4 3.3 3.7

At contracting establishments

3,774 3,930 4,146 4,024 4,326 2.8 2.9 3.0 2.9 3.1

At closing establishments

591 495 577 520 789 0.4 0.4 0.4 0.4 0.6

Net employment change (2)

1,324 1,490 969 907 868 1.0 1.0 0.7 0.6 0.6

Wholesale trade

 

Gross job gains

5,221 5,584 6,071 5,065 5,305 5.2 5.6 6.0 4.9 5.1

At expanding establishments

4,286 4,782 5,054 4,236 4,368 4.3 4.8 5.0 4.1 4.2

At opening establishments

935 802 1,017 829 937 0.9 0.8 1.0 0.8 0.9

Gross job losses

4,190 4,491 4,543 4,445 5,112 4.2 4.5 4.5 4.4 5.0

At contracting establishments

2,979 3,268 3,510 3,451 3,890 3.0 3.3 3.5 3.4 3.8

At closing establishments

1,211 1,223 1,033 994 1,222 1.2 1.2 1.0 1.0 1.2

Net employment change (2)

1,031 1,093 1,528 620 193 1.0 1.1 1.5 0.5 0.1

Retail trade

 

Gross job gains

17,136 15,674 16,275 16,607 17,591 6.7 6.1 6.3 6.4 6.7

At expanding establishments

14,839 14,084 14,451 14,496 15,198 5.8 5.5 5.6 5.6 5.8

At opening establishments

2,297 1,590 1,824 2,111 2,393 0.9 0.6 0.7 0.8 0.9

Gross job losses

14,569 16,212 14,437 14,182 14,573 5.7 6.3 5.6 5.5 5.5

At contracting establishments

12,761 14,099 12,558 12,626 12,438 5.0 5.5 4.9 4.9 4.7

At closing establishments

1,808 2,113 1,879 1,556 2,135 0.7 0.8 0.7 0.6 0.8

Net employment change (2)

2,567 -538 1,838 2,425 3,018 1.0 -0.2 0.7 0.9 1.2

Transportation and warehousing

 

Gross job gains

4,386 3,879 4,853 4,288 4,649 6.8 5.9 7.3 6.3 6.9

At expanding establishments

3,752 3,266 4,213 3,765 4,169 5.8 5.0 6.3 5.5 6.2

At opening establishments

634 613 640 523 480 1.0 0.9 1.0 0.8 0.7

Gross job losses

3,433 3,830 3,736 3,274 4,628 5.2 5.8 5.6 4.8 6.8

At contracting establishments

2,825 3,249 3,152 2,719 3,863 4.3 4.9 4.7 4.0 5.7

At closing establishments

608 581 584 555 765 0.9 0.9 0.9 0.8 1.1

Net employment change (2)

953 49 1,117 1,014 21 1.6 0.1 1.7 1.5 0.1

Information

 

Gross job gains

2,567 2,398 2,860 2,230 2,940 3.6 3.4 4.1 3.1 4.1

At expanding establishments

2,341 2,019 2,525 1,919 2,484 3.3 2.9 3.6 2.7 3.5

At opening establishments

226 379 335 311 456 0.3 0.5 0.5 0.4 0.6

Gross job losses

2,807 2,696 2,752 2,603 2,792 4.0 3.8 3.9 3.7 3.9

At contracting establishments

2,387 2,266 2,382 2,157 2,427 3.4 3.2 3.4 3.1 3.4

At closing establishments

420 430 370 446 365 0.6 0.6 0.5 0.6 0.5

Net employment change (2)

-240 -298 108 -373 148 -0.4 -0.4 0.2 -0.6 0.2

Financial activities

 

Gross job gains

7,964 8,175 8,603 7,761 9,081 5.4 5.5 5.8 5.2 5.9

At expanding establishments

6,312 6,179 6,539 6,020 7,217 4.3 4.2 4.4 4.0 4.7

At opening establishments

1,652 1,996 2,064 1,741 1,864 1.1 1.3 1.4 1.2 1.2

Gross job losses

7,213 7,233 7,238 7,673 7,555 4.9 4.9 4.8 5.1 5.0

At contracting establishments

5,540 5,573 5,274 5,703 5,341 3.8 3.8 3.5 3.8 3.5

At closing establishments

1,673 1,660 1,964 1,970 2,214 1.1 1.1 1.3 1.3 1.5

Net employment change (2)

751 942 1,365 88 1,526 0.5 0.6 1.0 0.1 0.9

Professional and business services

 

Gross job gains

29,900 30,563 29,999 28,844 29,139 7.8 7.8 7.6 7.3 7.3

At expanding establishments

24,149 24,634 23,720 22,090 23,412 6.3 6.3 6.0 5.6 5.9

At opening establishments

5,751 5,929 6,279 6,754 5,727 1.5 1.5 1.6 1.7 1.4

Gross job losses

25,635 25,622 27,169 27,768 28,998 6.7 6.6 6.9 7.0 7.3

At contracting establishments

19,657 19,846 20,087 22,257 21,953 5.1 5.1 5.1 5.6 5.5

At closing establishments

5,978 5,776 7,082 5,511 7,045 1.6 1.5 1.8 1.4 1.8

Net employment change (2)

4,265 4,941 2,830 1,076 141 1.1 1.2 0.7 0.3 0.0

Education and health services

 

Gross job gains

14,311 14,723 14,603 15,285 14,971 4.9 5.0 4.9 5.1 4.9

At expanding establishments

12,258 12,738 12,608 12,927 12,795 4.2 4.3 4.2 4.3 4.2

At opening establishments

2,053 1,985 1,995 2,358 2,176 0.7 0.7 0.7 0.8 0.7

Gross job losses

11,824 10,463 11,526 11,262 12,275 4.1 3.6 3.8 3.7 4.0

At contracting establishments

9,495 8,779 9,393 9,398 9,817 3.3 3.0 3.1 3.1 3.2

At closing establishments

2,329 1,684 2,133 1,864 2,458 0.8 0.6 0.7 0.6 0.8

Net employment change (2)

2,487 4,260 3,077 4,023 2,696 0.8 1.4 1.1 1.4 0.9

Leisure and hospitality

 

Gross job gains

31,155 32,302 28,837 31,564 32,011 10.4 10.6 9.4 10.2 10.3

At expanding establishments

25,864 25,903 23,891 25,872 26,832 8.6 8.5 7.8 8.4 8.6

At opening establishments

5,291 6,399 4,946 5,692 5,179 1.8 2.1 1.6 1.8 1.7

Gross job losses

27,105 28,946 28,482 27,150 27,612 9.0 9.5 9.3 8.8 8.9

At contracting establishments

23,354 25,687 24,420 23,674 23,355 7.8 8.4 8.0 7.7 7.5

At closing establishments

3,751 3,259 4,062 3,476 4,257 1.2 1.1 1.3 1.1 1.4

Net employment change (2)

4,050 3,356 355 4,414 4,399 1.4 1.1 0.1 1.4 1.4

Other services (3)

 

Gross job gains

5,435 5,593 5,796 5,299 5,477 8.0 8.1 8.3 7.5 7.8

At expanding establishments

4,341 4,583 4,706 4,211 4,293 6.4 6.6 6.7 6.0 6.1

At opening establishments

1,094 1,010 1,090 1,088 1,184 1.6 1.5 1.6 1.5 1.7

Gross job losses

4,444 4,673 5,039 5,260 5,057 6.6 6.8 7.2 7.5 7.2

At contracting establishments

3,587 3,800 3,881 4,286 3,795 5.3 5.5 5.5 6.1 5.4

At closing establishments

857 873 1,158 974 1,262 1.3 1.3 1.7 1.4 1.8

Net employment change (2)

991 920 757 39 420 1.4 1.3 1.1 0.0 0.6

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)
June
2014
Sept.
2014
Dec.
2014
Mar.
2015
June
2015
June
2014
Sept.
2014
Dec.
2014
Mar.
2015
June
2015

United States (1)

6.5 6.3 6.6 5.9 6.4 5.8 5.8 5.7 5.7 5.7

Alabama

5.9 5.9 6.0 5.6 5.9 5.5 5.5 5.2 5.4 5.3

Alaska

10.8 9.5 10.6 10.4 10.6 11.0 10.4 10.4 9.2 10.8

Arizona

6.0 6.4 7.0 6.0 5.9 6.0 5.5 5.3 5.7 5.7

Arkansas

5.6 6.0 6.6 5.4 5.9 5.4 5.5 5.1 5.7 5.3

California

7.0 7.1 7.4 6.8 6.8 6.5 6.2 6.4 6.2 6.5

Colorado

7.2 7.3 7.0 6.9 7.0 6.1 6.1 6.1 6.1 6.4

Connecticut

5.7 5.2 5.4 4.8 5.8 4.9 5.3 5.2 5.1 4.8

Delaware

6.6 6.3 7.0 5.7 7.6 5.2 6.2 5.4 7.3 5.6

District of Columbia

6.3 5.7 5.5 5.5 6.2 5.6 5.4 5.3 5.4 5.4

Florida

7.2 7.3 7.1 6.3 6.9 6.2 6.1 6.0 5.6 5.9

Georgia

6.9 6.8 6.9 6.2 6.7 6.0 5.9 5.5 5.6 5.7

Hawaii

5.0 5.3 5.2 4.9 4.9 5.0 4.5 4.4 4.8 5.0

Idaho

7.7 7.5 8.0 9.1 7.5 7.9 7.3 7.0 7.0 7.1

Illinois

6.2 5.7 6.2 5.8 6.2 5.5 5.8 5.5 5.7 5.2

Indiana

5.9 5.4 6.3 5.3 5.7 5.0 5.3 5.0 5.3 5.1

Iowa

6.1 5.8 6.1 5.9 6.1 5.7 5.8 5.6 5.4 5.9

Kansas

6.1 5.7 6.2 5.7 6.0 5.6 5.8 5.4 5.8 5.8

Kentucky

6.2 6.2 6.6 5.5 6.4 5.6 5.5 5.3 6.0 5.5

Louisiana

6.6 6.8 6.8 6.1 6.3 6.5 5.9 5.8 6.7 6.8

Maine

7.8 6.7 7.2 6.5 8.0 6.5 7.0 7.2 7.0 6.4

Maryland

6.6 6.5 6.7 5.9 7.0 5.8 6.3 6.2 6.2 5.9

Massachusetts

6.3 5.7 6.0 5.1 6.3 5.3 5.5 5.2 5.4 5.0

Michigan

6.4 5.4 6.2 5.2 6.1 5.4 5.7 5.2 5.1 5.2

Minnesota

6.5 5.6 5.8 5.6 6.1 5.1 5.7 5.4 5.2 5.2

Mississippi

6.2 6.2 6.9 5.5 6.3 6.6 6.0 5.4 6.4 5.9

Missouri

6.0 5.7 6.3 5.6 6.0 5.3 5.7 5.1 5.4 5.2

Montana

8.2 8.1 8.5 9.1 8.0 7.7 8.1 8.0 7.2 8.4

Nebraska

6.1 6.0 6.2 6.1 5.9 5.9 5.7 5.6 5.6 5.7

Nevada

6.7 6.6 6.6 6.3 6.2 5.7 5.7 5.3 5.3 5.7

New Hampshire

6.9 5.9 6.9 5.7 6.8 6.1 6.3 6.0 5.7 5.9

New Jersey

7.0 6.3 6.9 5.8 7.1 5.9 6.4 6.2 6.0 5.9

New Mexico

6.8 6.6 7.2 6.4 6.7 6.2 6.1 6.1 6.5 6.8

New York

6.7 6.4 6.6 5.9 6.7 5.8 6.0 5.8 5.9 5.8

North Carolina

6.4 6.2 6.5 5.9 6.4 5.6 5.7 5.4 5.7 5.4

North Dakota

7.6 8.2 8.7 7.1 6.7 7.0 6.9 6.7 8.7 11.3

Ohio

6.1 5.5 6.1 5.4 6.0 5.2 5.5 5.1 5.6 5.3

Oklahoma

6.3 6.2 6.7 5.7 6.0 6.0 5.6 5.5 6.1 6.5

Oregon

6.9 7.0 7.1 6.9 6.9 6.4 6.2 6.3 5.7 6.1

Pennsylvania

5.6 5.2 5.6 4.9 5.6 4.8 5.1 4.9 5.2 4.9

Rhode Island

6.5 5.9 6.4 5.3 6.6 5.5 5.8 5.6 5.8 5.8

South Carolina

6.4 6.0 6.8 5.7 6.5 5.8 5.8 5.0 5.5 5.6

South Dakota

6.4 6.2 6.3 6.3 6.3 6.0 5.9 5.8 5.7 5.9

Tennessee

5.7 5.7 6.2 5.2 5.9 5.1 5.0 4.8 5.2 4.8

Texas

6.0 6.1 6.4 5.8 6.0 4.9 5.1 5.0 5.7 5.5

Utah

7.1 7.1 7.2 7.3 6.9 6.7 6.0 5.8 5.9 6.1

Vermont

7.3 6.9 7.5 6.8 7.3 6.9 7.3 6.7 6.8 7.0

Virginia

6.2 5.6 5.8 6.0 6.4 5.7 5.8 5.5 5.6 5.4

Washington

7.4 7.1 6.9 6.7 7.2 6.4 6.2 6.1 5.6 5.8

West Virginia

6.6 6.2 6.6 6.0 6.3 6.4 6.5 6.0 6.7 6.6

Wisconsin

5.8 5.5 5.8 5.4 5.7 5.0 5.6 5.2 5.1 5.2

Wyoming

8.7 8.3 9.3 8.9 7.8 8.3 8.5 8.0 8.9 10.9

Puerto Rico

5.5 5.6 6.4 5.3 5.8 6.3 6.0 4.9 6.4 6.8

Virgin Islands

6.2 6.6 6.2 5.5 6.3 6.3 5.6 5.6 5.9 6.7

Footnotes
(1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands.
 

 

Last Modified Date: Wednesday, February 10, 2016