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News Release Information

21-1415-CHI
Thursday, August 12, 2021

Contacts

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

Business Employment Dynamics in South Dakota — Fourth Quarter 2020

From September 2020 to December 2020, gross job gains from opening and expanding private-sector establishments in South Dakota were 25,233, while gross job losses from closing and contracting private-sector establishments were 21,493, 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 3,740 jobs in the private sector during the fourth quarter of 2020. During the previous quarter, gross job gains exceeded gross job losses by 10,208. (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 2020, gross job gains represented 7.2 percent of private-sector employment in South Dakota; nationally, gross job gains accounted for 7.4 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 20,656 in the fourth quarter of 2020, a decrease of 3,397 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 4,577 jobs gained in the fourth quarter of 2020, a decrease of 468 jobs from the previous quarter.


Gross job losses

In the fourth quarter of 2020, gross job losses represented 6.2 percent of private-sector employment in South Dakota; nationally, gross job losses accounted for 5.7 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 17,790 jobs in the fourth quarter of 2020, an increase of 3,085 jobs from the prior quarter. Closing establishments lost 3,703 jobs, a decrease of 482 jobs from the previous quarter.


Industries

Gross job gains exceeded gross job losses in 6 of the 7 industry sectors in South Dakota in the fourth quarter of 2020. Professional and business services had the largest over-the-quarter net job increase, with a gain of 1,007 jobs. This was the result of 3,328 gross job gains and 2,321 gross job losses. The construction industry had a net gain of 803 jobs. South Dakota’s financial activities industry sector had a net loss of 320 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 2021 are scheduled to be released on Wednesday, October 27, 2021.

Coronavirus (COVID-19) Effect on Fourth Quarter 2020 Business Employment Dynamics

Data collection and processing methods have been impacted because of the COVID-19 pandemic. More detail can be found at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-business-employment-dynamics.htm.


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 either units with positive third month employment in the previous quarter, with no employment or zero employment reported 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; Federal Relay Service: (800) 877-8339.

Table 1. Private sector gross job gains and losses by industry, South Dakota, 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)
Dec.
2019
Mar.
2020
June
2020
Sept
2020
Dec.
2020
Dec.
2019
Mar.
2020
June
2020
Sept
2020
Dec.
2020

Total private (1)

Gross job gains

22,892 21,343 17,737 29,098 25,233 6.4 6.0 5.1 8.6 7.2

At expanding establishments

19,033 17,096 14,235 24,053 20,656 5.3 4.8 4.1 7.1 5.9

At opening establishments

3,859 4,247 3,502 5,045 4,577 1.1 1.2 1.0 1.5 1.3

Gross job losses

20,534 23,763 40,034 18,890 21,493 5.8 6.6 11.6 5.5 6.2

At contracting establishments

17,140 18,994 34,305 14,705 17,790 4.8 5.3 9.9 4.3 5.1

At closing establishments

3,394 4,769 5,729 4,185 3,703 1.0 1.3 1.7 1.2 1.1

Net employment change (2)

2,358 -2,420 -22,297 10,208 3,740 0.6 -0.6 -6.5 3.1 1.0

Construction

Gross job gains

3,194 2,992 2,836 3,396 3,393 13.3 12.1 11.7 14.2 13.6

At expanding establishments

2,513 2,317 2,304 2,736 2,741 10.5 9.4 9.5 11.4 11.0

At opening establishments

681 675 532 660 652 2.8 2.7 2.2 2.8 2.6

Gross job losses

2,826 3,090 3,114 2,581 2,590 11.8 12.5 12.9 10.8 10.3

At contracting establishments

2,184 2,625 2,510 1,991 2,004 9.1 10.6 10.4 8.3 8.0

At closing establishments

642 465 604 590 586 2.7 1.9 2.5 2.5 2.3

Net employment change (2)

368 -98 -278 815 803 1.5 -0.4 -1.2 3.4 3.3

Wholesale trade

Gross job gains

1,082 1,089 832 1,055 1,158 5.1 5.2 4.0 5.1 5.5

At expanding establishments

932 970 707 893 971 4.4 4.6 3.4 4.3 4.6

At opening establishments

150 119 125 162 187 0.7 0.6 0.6 0.8 0.9

Gross job losses

990 1,119 1,224 894 827 4.7 5.3 5.9 4.3 3.9

At contracting establishments

865 954 1,063 764 652 4.1 4.5 5.1 3.7 3.1

At closing establishments

125 165 161 130 175 0.6 0.8 0.8 0.6 0.8

Net employment change (2)

92 -30 -392 161 331 0.4 -0.1 -1.9 0.8 1.6

Retail trade

Gross job gains

2,835 3,342 2,472 4,495 3,415 5.6 6.6 4.9 9.1 6.8

At expanding establishments

2,589 2,947 2,214 4,114 3,013 5.1 5.8 4.4 8.3 6.0

At opening establishments

246 395 258 381 402 0.5 0.8 0.5 0.8 0.8

Gross job losses

2,876 2,748 5,601 2,416 3,042 5.7 5.3 11.1 4.9 6.0

At contracting establishments

2,528 2,422 5,129 2,142 2,733 5.0 4.7 10.2 4.3 5.4

At closing establishments

348 326 472 274 309 0.7 0.6 0.9 0.6 0.6

Net employment change (2)

-41 594 -3,129 2,079 373 -0.1 1.3 -6.2 4.2 0.8

Financial activities

Gross job gains

1,049 1,013 900 1,013 1,139 3.7 3.6 3.2 3.7 4.2

At expanding establishments

823 793 695 793 870 2.9 2.8 2.5 2.9 3.2

At opening establishments

226 220 205 220 269 0.8 0.8 0.7 0.8 1.0

Gross job losses

1,193 1,168 1,293 1,055 1,459 4.2 4.1 4.6 3.8 5.3

At contracting establishments

979 888 1,126 869 934 3.4 3.1 4.0 3.1 3.4

At closing establishments

214 280 167 186 525 0.8 1.0 0.6 0.7 1.9

Net employment change (2)

-144 -155 -393 -42 -320 -0.5 -0.5 -1.4 -0.1 -1.1

Professional and business services

Gross job gains

2,347 2,361 2,254 2,745 3,328 7.0 7.1 6.8 8.5 10.1

At expanding establishments

1,733 1,789 1,714 1,875 2,359 5.2 5.4 5.2 5.8 7.2

At opening establishments

614 572 540 870 969 1.8 1.7 1.6 2.7 2.9

Gross job losses

2,486 2,187 3,458 2,765 2,321 7.4 6.6 10.6 8.5 7.0

At contracting establishments

1,949 1,666 2,750 1,875 1,693 5.8 5.0 8.4 5.8 5.1

At closing establishments

537 521 708 890 628 1.6 1.6 2.2 2.7 1.9

Net employment change (2)

-139 174 -1,204 -20 1,007 -0.4 0.5 -3.8 0.0 3.1

Leisure and hospitality

Gross job gains

5,783 4,827 3,202 8,032 5,168 12.1 10.1 7.6 20.2 12.3

At expanding establishments

4,633 3,488 2,285 6,301 3,872 9.7 7.3 5.4 15.8 9.2

At opening establishments

1,150 1,339 917 1,731 1,296 2.4 2.8 2.2 4.4 3.1

Gross job losses

4,647 7,072 14,015 3,310 4,829 9.7 14.9 33.3 8.3 11.5

At contracting establishments

3,864 4,950 11,573 2,306 4,037 8.1 10.4 27.5 5.8 9.6

At closing establishments

783 2,122 2,442 1,004 792 1.6 4.5 5.8 2.5 1.9

Net employment change (2)

1,136 -2,245 -10,813 4,722 339 2.4 -4.8 -25.7 11.9 0.8

Other services (3)

Gross job gains

811 848 667 1,339 802 7.2 7.5 6.1 12.3 7.2

At expanding establishments

702 609 427 1,133 670 6.2 5.4 3.9 10.4 6.0

At opening establishments

109 239 240 206 132 1.0 2.1 2.2 1.9 1.2

Gross job losses

754 894 1,412 674 781 6.7 8.0 12.9 6.2 7.0

At contracting establishments

630 763 1,159 529 695 5.6 6.8 10.6 4.9 6.2

At closing establishments

124 131 253 145 86 1.1 1.2 2.3 1.3 0.8

Net employment change (2)

57 -46 -745 665 21 0.5 -0.5 -6.8 6.1 0.2

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.
2019
Mar.
2020
June
2020
Sept.
2020
Dec.
2020
Dec.
2019
Mar.
2020
June
2020
Sept.
2020
Dec.
2020

United States(1)

6.2 5.5 4.8 9.4 7.4 5.5 6.1 17.0 6.0 5.7

Alabama

6.2 5.5 4.8 7.8 7.8 5.5 5.9 12.6 5.9 5.0

Alaska

10.3 9.2 6.9 12.2 13.4 10.2 9.5 24.5 9.9 7.7

Arizona

6.4 5.6 5.7 7.9 7.4 5.2 5.9 11.7 6.2 4.9

Arkansas

6.5 5.1 4.8 7.5 7.1 4.9 5.5 12.0 5.6 5.1

California

6.8 6.1 5.2 8.7 8.4 6.0 6.7 18.6 7.3 6.2

Colorado

6.7 6.3 5.8 10.0 7.5 6.2 7.0 14.9 6.3 7.2

Connecticut

5.5 5.2 4.3 11.2 6.5 5.6 5.9 19.7 5.1 5.8

Delaware

6.7 6.2 4.9 10.3 6.7 6.2 6.6 17.7 6.3 5.7

District of Columbia

5.4 5.2 3.3 8.3 5.2 4.7 5.3 22.4 5.8 5.5

Florida

6.6 5.4 6.1 9.5 7.6 5.9 6.2 13.9 6.8 5.6

Georgia

6.5 5.6 5.4 9.2 7.8 5.5 5.9 15.0 6.4 5.2

Hawaii

5.7 5.2 3.6 7.4 14.7 5.2 5.8 29.8 12.7 4.6

Idaho

7.7 7.6 6.4 8.4 8.7 6.3 6.1 11.2 6.5 6.1

Illinois

5.6 5.0 4.6 9.7 6.5 5.2 6.0 18.4 5.6 6.1

Indiana

6.0 4.9 4.7 8.3 6.9 5.1 6.0 13.7 5.4 5.0

Iowa

5.8 5.2 4.4 7.4 6.8 5.5 5.9 13.0 5.6 5.1

Kansas

6.3 5.4 5.0 7.9 7.0 5.7 6.0 13.3 6.0 6.0

Kentucky

6.2 5.3 4.6 8.8 6.8 5.6 6.1 15.3 5.0 5.4

Louisiana

5.9 5.3 4.5 8.8 8.7 5.7 6.3 16.9 7.2 5.5

Maine

7.3 6.4 5.4 12.0 8.5 6.9 7.0 21.7 6.0 6.3

Maryland

6.4 5.7 4.7 11.0 7.1 5.9 6.7 21.9 5.9 5.9

Massachusetts

5.8 5.2 3.7 12.5 7.0 5.6 6.0 24.2 5.6 5.6

Michigan

5.8 5.0 4.0 10.9 6.8 5.3 5.7 20.7 4.8 7.0

Minnesota

5.8 5.0 4.3 9.0 7.0 5.6 5.6 17.6 5.4 6.9

Mississippi

6.2 5.6 5.1 8.7 7.9 5.6 6.2 12.9 5.5 4.9

Missouri

6.2 5.2 4.7 8.5 7.2 5.3 5.7 14.3 5.7 5.3

Montana

8.6 7.7 6.8 9.9 9.3 7.2 7.7 13.8 7.2 6.8

Nebraska

6.2 5.8 4.9 8.1 6.8 5.8 6.1 12.1 5.9 5.6

Nevada

6.8 5.4 5.3 12.8 8.9 5.0 6.3 29.2 6.4 5.7

New Hampshire

6.6 6.0 4.5 11.9 7.4 6.0 6.4 18.8 5.1 6.5

New Jersey

6.5 5.7 4.6 15.7 8.1 5.8 6.3 28.1 5.8 5.9

New Mexico

7.0 6.1 4.5 8.3 7.1 6.3 6.5 17.6 6.0 7.6

New York

6.0 5.5 3.9 13.3 7.4 5.7 6.4 26.9 5.9 6.4

North Carolina

6.3 5.8 4.8 8.5 7.8 5.4 5.7 14.5 5.6 5.1

North Dakota

6.7 6.8 5.2 8.8 7.2 6.6 7.0 17.2 6.9 7.1

Ohio

5.7 5.1 4.5 7.7 6.6 5.3 5.6 14.4 5.3 5.2

Oklahoma

6.5 5.4 5.6 6.8 7.8 6.2 6.7 12.3 6.4 5.6

Oregon

6.7 6.2 5.0 9.0 7.4 5.8 6.5 18.4 6.2 6.5

Pennsylvania

5.4 4.9 3.6 10.3 6.2 4.9 5.6 18.2 5.0 5.3

Rhode Island

6.5 6.1 4.5 12.9 7.5 5.9 6.5 25.2 5.3 7.1

South Carolina

6.5 5.5 5.1 8.8 8.1 5.9 6.6 14.9 6.1 5.3

South Dakota

6.4 6.0 5.1 8.6 7.2 5.8 6.6 11.6 5.5 6.2

Tennessee

5.7 4.9 4.4 8.1 7.5 5.0 5.3 13.7 5.4 4.6

Texas

6.0 5.0 4.7 7.2 7.5 5.1 5.5 13.6 6.0 4.8

Utah

6.8 6.6 6.5 9.1 8.1 6.3 6.4 10.9 6.2 5.5

Vermont

6.9 5.8 4.6 12.3 7.6 6.4 7.6 18.5 5.7 7.9

Virginia

6.5 5.6 4.7 10.2 7.0 5.5 6.1 18.2 5.3 5.3

Washington

6.6 7.4 4.9 8.9 7.1 5.8 7.4 16.9 6.2 6.0

West Virginia

6.2 6.0 5.1 8.8 7.4 7.1 6.8 13.8 7.0 6.2

Wisconsin

5.4 5.0 4.4 7.6 6.3 5.0 5.3 14.4 5.2 5.1

Wyoming

9.4 8.6 6.4 10.7 10.0 8.7 9.3 18.1 7.7 7.6

Puerto Rico

5.4 5.0 4.0 11.0 6.6 4.9 5.2 16.9 5.1 4.9

Virgin Islands

10.3 7.2 5.3 8.4 8.9 7.3 8.3 19.8 12.3 5.4

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

 

Last Modified Date: Thursday, August 12, 2021