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News Release Information

23-1843-CHI
Tuesday, August 29, 2023

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

Business Employment Dynamics in South Dakota — Fourth Quarter 2022

From September 2022 to December 2022, gross job gains from opening and expanding private-sector establishments were 23,945, while gross job losses from closing and contracting private-sector establishments in South Dakota were 23,634, 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 311 jobs in the private sector during the fourth quarter of 2022. During the previous quarter, gross job gains exceeded gross job losses by 3,256. (See chart 1.)


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 Technical Note.)

Gross job gains

In the fourth quarter of 2022, gross job gains represented 6.5 percent of private-sector employment in South Dakota; nationally, gross job gains accounted for 6.2 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 South Dakota, gross job gains at expanding establishments totaled 19,123 in the fourth quarter of 2022, a decrease of 2,002 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 4,822 jobs gained in the fourth quarter of 2022, a decrease of 959 jobs from the previous quarter.


Gross job losses

In the fourth quarter of 2022, gross job losses represented 6.4 percent of private-sector employment in South Dakota; nationally, gross job losses accounted for 5.9 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 South Dakota, contracting establishments lost 19,703 jobs in the fourth quarter of 2022, an increase of 561 jobs from the prior quarter. Closing establishments lost 3,931 jobs, a decrease of 577 jobs from the previous quarter.


Industries

Gross job gains exceeded gross job losses in 4 of the 7 industry sectors in South Dakota in the fourth quarter of 2022. Construction had the largest over-the-quarter net job increase, with a gain of 305 jobs. This was the result of 3,104 gross job gains and 2,799 gross job losses. The wholesale trade industry had a net gain of 118 jobs. Professional and business services showed a net loss of 338 jobs, the largest loss of any sector in the state. South Dakota’s financial activities industry sector had a net loss of 164 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 www.bls.gov/bdm/.

The Business Employment Dynamics for First Quarter 2023 are scheduled to be released on Wednesday, October 25, 2023.

Revisions to Business Employment Dynamics (BED) Data

The release of First Quarter 2023 Business Employment Dynamics data, scheduled for October 25, 2023, will incorporate annual revisions in accordance with standard procedures. The revisions will 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. Most employers in the U.S. are required to file quarterly reports on the employment and wages of workers covered by unemployment insurance (UI) laws, and to pay quarterly UI taxes. The QCEW is based largely on quarterly UI reports which are sent by businesses to the State Workforce Agencies (SWAs). These UI reports are supplemented by two additional BLS data collections to render administrative data into economic statistics. Together these data comprise the QCEW and form the basis of the Bureau’s establishment universe sampling frame.

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 units and jobs lost at closing and contracting units.

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 units 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 units 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 units with positive third month employment in the previous quarter and either not reported, or reported with zero employment, in the current quarter.

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

The full Technical Note for the Business Employment Dynamics program, which includes information on coverage, concepts, and methodology, can be found in the current quarterly news release online at www.bls.gov/news.release/cewbd.htm.

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, South Dakota, seasonally adjusted
Category Gross job gains and losses
(3 months ended)
Gross job gains and losses
as a percent of employment
(3 months ended)
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Dec.
2022

Total private (1)

Gross job gains

26,002 28,210 24,337 26,906 23,945 7.2 7.7 6.6 7.3 6.5

At expanding establishments

21,225 22,789 19,796 21,125 19,123 5.9 6.2 5.4 5.7 5.2

At opening establishments

4,777 5,421 4,541 5,781 4,822 1.3 1.5 1.2 1.6 1.3

Gross job losses

21,492 22,324 24,811 23,650 23,634 5.9 6.1 6.8 6.4 6.4

At contracting establishments

17,804 18,282 19,811 19,142 19,703 4.9 5.0 5.4 5.2 5.3

At closing establishments

3,688 4,042 5,000 4,508 3,931 1.0 1.1 1.4 1.2 1.1

Net employment change (2)

4,510 5,886 -474 3,256 311 1.3 1.6 -0.2 0.9 0.1

Construction

Gross job gains

3,248 3,267 2,947 3,008 3,104 12.8 12.3 11.2 11.7 11.8

At expanding establishments

2,479 2,522 2,394 2,432 2,429 9.8 9.5 9.1 9.5 9.2

At opening establishments

769 745 553 576 675 3.0 2.8 2.1 2.2 2.6

Gross job losses

2,381 2,844 2,947 2,833 2,799 9.5 10.8 11.2 11.0 10.6

At contracting establishments

1,888 2,325 2,312 2,293 2,319 7.5 8.8 8.8 8.9 8.8

At closing establishments

493 519 635 540 480 2.0 2.0 2.4 2.1 1.8

Net employment change (2)

867 423 0 175 305 3.3 1.5 0.0 0.7 1.2

Wholesale trade

Gross job gains

1,096 1,150 1,270 1,309 1,161 5.1 5.3 5.9 5.9 5.2

At expanding establishments

919 923 1,062 1,041 937 4.3 4.3 4.9 4.7 4.2

At opening establishments

177 227 208 268 224 0.8 1.0 1.0 1.2 1.0

Gross job losses

845 1,169 964 1,048 1,043 4.0 5.5 4.5 4.7 4.6

At contracting establishments

724 985 778 885 810 3.4 4.6 3.6 4.0 3.6

At closing establishments

121 184 186 163 233 0.6 0.9 0.9 0.7 1.0

Net employment change (2)

251 -19 306 261 118 1.1 -0.2 1.4 1.2 0.6

Retail trade

Gross job gains

3,486 3,950 3,134 3,512 3,009 6.7 7.5 5.9 6.6 5.7

At expanding establishments

3,155 3,477 2,700 2,911 2,712 6.1 6.6 5.1 5.5 5.1

At opening establishments

331 473 434 601 297 0.6 0.9 0.8 1.1 0.6

Gross job losses

2,899 2,537 3,727 3,308 2,958 5.6 4.8 7.0 6.3 5.6

At contracting establishments

2,680 2,225 3,036 2,908 2,742 5.2 4.2 5.7 5.5 5.2

At closing establishments

219 312 691 400 216 0.4 0.6 1.3 0.8 0.4

Net employment change (2)

587 1,413 -593 204 51 1.1 2.7 -1.1 0.3 0.1

Financial activities

Gross job gains

1,241 1,390 1,275 1,515 1,160 4.5 5.1 4.6 5.5 4.2

At expanding establishments

958 1,120 961 1,040 797 3.5 4.1 3.5 3.8 2.9

At opening establishments

283 270 314 475 363 1.0 1.0 1.1 1.7 1.3

Gross job losses

1,380 1,400 1,374 1,306 1,324 5.0 5.1 5.0 4.8 4.8

At contracting establishments

1,130 1,203 986 1,034 1,055 4.1 4.4 3.6 3.8 3.8

At closing establishments

250 197 388 272 269 0.9 0.7 1.4 1.0 1.0

Net employment change (2)

-139 -10 -99 209 -164 -0.5 0.0 -0.4 0.7 -0.6

Professional and business services

Gross job gains

3,584 3,737 3,068 4,087 2,987 10.2 10.4 8.4 11.0 8.0

At expanding establishments

2,526 2,852 2,236 2,556 1,973 7.2 7.9 6.1 6.9 5.3

At opening establishments

1,058 885 832 1,531 1,014 3.0 2.5 2.3 4.1 2.7

Gross job losses

2,814 2,560 3,109 3,092 3,325 8.0 7.2 8.5 8.4 8.9

At contracting establishments

1,903 1,894 2,181 2,142 2,586 5.4 5.3 6.0 5.8 6.9

At closing establishments

911 666 928 950 739 2.6 1.9 2.5 2.6 2.0

Net employment change (2)

770 1,177 -41 995 -338 2.2 3.2 -0.1 2.6 -0.9

Leisure and hospitality

Gross job gains

5,769 6,705 5,207 5,751 5,069 12.3 13.9 10.8 12.0 10.5

At expanding establishments

4,604 5,110 4,029 4,517 3,871 9.8 10.6 8.4 9.4 8.0

At opening establishments

1,165 1,595 1,178 1,234 1,198 2.5 3.3 2.4 2.6 2.5

Gross job losses

4,784 4,865 6,378 5,409 5,133 10.2 10.1 13.2 11.3 10.7

At contracting establishments

4,000 3,777 5,396 4,206 4,416 8.5 7.8 11.2 8.8 9.2

At closing establishments

784 1,088 982 1,203 717 1.7 2.3 2.0 2.5 1.5

Net employment change (2)

985 1,840 -1,171 342 -64 2.1 3.8 -2.4 0.7 -0.2

Other services (3)

Gross job gains

925 1,094 1,074 1,131 1,015 8.0 9.4 9.1 9.4 8.3

At expanding establishments

713 840 853 870 784 6.2 7.2 7.2 7.2 6.4

At opening establishments

212 254 221 261 231 1.8 2.2 1.9 2.2 1.9

Gross job losses

732 765 854 976 917 6.4 6.6 7.1 8.1 7.6

At contracting establishments

526 605 623 821 740 4.6 5.2 5.2 6.8 6.1

At closing establishments

206 160 231 155 177 1.8 1.4 1.9 1.3 1.5

Net employment change (2)

193 329 220 155 98 1.6 2.8 2.0 1.3 0.7

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)
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Dec.
2022
Dec.
2021
Mar.
2022
June
2022
Sept.
2022
Dec.
2022

United States(1)

7.7 6.6 6.4 6.8 6.2 5.4 5.4 6.7 5.8 5.9

Alabama

7.6 6.2 6.6 7.1 6.5 5.2 6.0 7.0 6.2 6.0

Alaska

11.8 10.1 10.1 8.6 10.9 8.7 9.3 9.6 10.3 9.3

Arizona

6.8 6.8 6.7 7.9 6.7 5.0 5.7 7.3 5.5 6.1

Arkansas

7.8 5.9 5.6 6.4 6.1 4.8 5.4 6.0 5.5 5.3

California

8.5 7.4 6.6 6.7 6.5 5.5 5.6 7.2 6.1 6.6

Colorado

7.6 7.5 7.3 5.0 7.6 6.1 6.3 6.7 5.8 6.9

Connecticut

6.9 6.3 6.3 6.3 5.9 5.3 5.3 6.5 6.2 6.0

Delaware

8.2 7.3 6.5 8.6 6.7 6.0 5.6 8.2 6.1 7.6

District of Columbia

7.3 6.0 6.0 7.2 5.6 4.9 4.9 6.8 4.8 5.6

Florida

7.7 6.5 7.5 7.8 6.2 6.0 5.7 6.9 5.5 6.1

Georgia

7.9 6.8 6.6 7.0 6.5 5.5 5.7 6.7 6.0 5.9

Hawaii

7.1 6.1 5.9 6.2 6.0 5.1 5.1 5.9 4.8 4.8

Idaho

8.5 8.5 7.1 8.5 8.4 6.3 6.2 9.1 7.5 6.9

Illinois

7.5 6.2 5.9 6.0 5.4 4.9 5.0 5.9 5.3 5.2

Indiana

7.3 6.0 5.6 6.4 5.7 4.7 4.8 6.8 5.5 5.2

Iowa

6.6 6.5 5.8 5.8 6.4 5.4 5.3 6.7 6.0 6.3

Kansas

7.6 6.2 6.5 7.6 6.3 5.3 5.4 7.5 5.6 5.6

Kentucky

7.4 6.6 6.3 6.7 5.9 4.9 5.0 8.7 5.4 5.3

Louisiana

9.6 6.5 6.6 7.3 6.0 5.8 7.1 7.3 5.7 6.5

Maine

8.2 8.0 17.7 7.4 7.3 6.9 6.1 8.1 7.4 6.9

Maryland

7.3 6.6 6.7 7.5 6.4 5.3 5.9 8.1 6.0 6.7

Massachusetts

7.0 6.6 6.1 6.2 5.5 5.7 5.1 5.4 6.1 5.8

Michigan

7.5 6.3 6.0 5.7 5.9 5.2 5.1 6.5 5.9 5.2

Minnesota

7.3 6.0 6.6 6.8 6.2 5.2 5.4 7.1 6.0 6.0

Mississippi

7.9 6.1 6.5 7.2 6.8 5.7 6.0 7.0 6.3 6.2

Missouri

7.4 6.5 6.3 6.8 6.0 5.5 5.4 5.9 6.3 5.8

Montana

9.9 9.3 8.2 8.5 9.2 7.2 8.5 9.4 7.7 7.8

Nebraska

7.0 6.8 6.0 6.9 5.9 5.8 5.9 6.6 6.2 5.7

Nevada

8.3 6.8 6.9 7.6 6.4 4.8 5.2 6.7 5.7 6.2

New Hampshire

7.6 7.7 6.6 6.9 6.7 6.4 5.4 7.9 6.7 6.0

New Jersey

8.7 7.1 6.5 6.8 6.8 5.4 5.5 6.3 6.3 5.9

New Mexico

8.2 7.4 6.5 7.7 6.5 6.3 6.2 7.1 5.9 6.2

New York

7.7 6.7 7.1 6.7 6.0 5.4 5.2 6.6 6.0 6.2

North Carolina

8.1 6.5 6.3 6.6 5.9 5.0 5.3 6.2 5.9 5.4

North Dakota

7.6 7.5 6.8 7.6 6.4 6.5 6.5 6.7 6.4 6.7

Ohio

7.0 6.1 5.7 5.8 5.9 5.2 4.8 6.3 5.6 5.8

Oklahoma

7.6 6.3 6.4 7.1 6.6 5.9 5.7 6.2 5.5 6.0

Oregon

7.8 7.5 6.1 6.7 6.5 6.1 5.7 7.1 8.6 6.4

Pennsylvania

6.8 6.3 5.5 6.1 5.5 4.8 4.9 5.6 5.2 5.1

Rhode Island

8.5 7.9 7.0 6.7 6.9 6.6 5.7 7.3 7.4 6.5

South Carolina

7.9 6.9 6.4 7.3 7.0 5.3 6.2 6.9 5.6 6.2

South Dakota

7.2 7.7 6.6 7.3 6.5 5.9 6.1 6.8 6.4 6.4

Tennessee

7.3 6.6 6.3 7.0 5.8 5.6 4.7 6.4 5.4 5.7

Texas

7.7 6.3 6.5 7.4 6.2 4.8 5.4 6.1 5.2 5.3

Utah

7.5 7.8 7.0 7.9 6.8 6.0 5.9 6.8 6.7 6.6

Vermont

8.1 8.0 7.3 7.2 7.8 6.9 6.3 8.4 8.0 7.1

Virginia

7.2 6.4 6.5 7.5 6.2 5.3 5.8 7.0 6.1 5.8

Washington

7.8 7.3 7.0 7.1 5.9 5.3 5.0 7.1 6.1 5.3

West Virginia

7.9 7.3 6.3 6.8 6.7 6.0 5.9 7.9 6.5 6.6

Wisconsin

6.6 6.5 5.9 6.1 6.1 5.2 4.8 6.8 5.9 5.6

Wyoming

10.1 8.9 8.4 9.2 9.2 7.8 8.3 9.1 8.5 8.0

Puerto Rico

6.4 7.0 6.5 6.2 6.7 5.5 4.9 6.1 5.2 6.1

Virgin Islands

8.0 6.9 8.8 7.9 6.0 9.5 10.3 12.6 4.9 4.3

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

 

Last Modified Date: Tuesday, August 29, 2023