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News Release Information

22-30-KAN
Thursday, February 10, 2022

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

Business Employment Dynamics in Colorado – Second Quarter 2021

From March 2021 to June 2021, gross job gains from opening and expanding private-sector establishments in Colorado were 175,095, while gross job losses from closing and contracting private-sector establishments were 145,073, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Michael Hirniak noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 30,022 jobs in the private sector during the second quarter of 2021. During the previous quarter, gross job gains exceeded gross job losses by 66,885. (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 second quarter of 2021, gross job gains represented 7.8 percent of private-sector employment in Colorado; nationally, gross job gains accounted for 6.7 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 Colorado, gross job gains at expanding establishments totaled 141,178 in the second quarter of 2021, a decrease of 9,605 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 33,917 jobs gained in the second quarter of 2021, a decrease of 5,334 jobs from the previous quarter.

Gross job losses

In the second quarter of 2021, gross job losses represented 6.4 percent of private-sector employment in Colorado; 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 Colorado, contracting establishments lost 114,739 jobs in the second quarter of 2021, an increase of 14,186 jobs from the prior quarter. Closing establishments lost 30,334 jobs, an increase of 7,738 jobs from the previous quarter.

Industries

Gross job gains exceeded gross job losses in 8 of the 11 industry sectors in Colorado in the second quarter of 2021. Leisure and hospitality had the largest over-the-quarter net job increase, with a gain of 24,365 jobs. This was the result of 45,895 gross job gains and 21,530 gross job losses. The professional and business services industry had a net gain of 5,141 jobs. Transportation and warehousing had a net loss of 2,212 jobs, the largest loss of any sector in the state. Colorado’s construction industry sector had a net loss of 1,440 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 Third Quarter 2021 are scheduled to be released on Wednesday, April 27, 2022.

Coronavirus (COVID-19) Effect on Second Quarter 2021 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, 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
2020
Sept
2020
Dec.
2020
Mar.
2021
June
2021
June
2020
Sept
2020
Dec.
2020
Mar.
2021
June
2021

Total private (1)

Gross job gains

126,401 216,809 161,665 190,034 175,095 5.7 10.1 7.5 8.6 7.8

At expanding establishments

96,016 177,740 129,426 150,783 141,178 4.3 8.3 6.0 6.8 6.3

At opening establishments

30,385 39,069 32,239 39,251 33,917 1.4 1.8 1.5 1.8 1.5

Gross job losses

333,840 135,842 157,038 123,149 145,073 15.1 6.4 7.2 5.6 6.4

At contracting establishments

287,983 104,061 125,752 100,553 114,739 13.0 4.9 5.8 4.6 5.1

At closing establishments

45,857 31,781 31,286 22,596 30,334 2.1 1.5 1.4 1.0 1.3

Net employment change (2)

-207,439 80,967 4,627 66,885 30,022 -9.4 3.7 0.3 3.0 1.4

Construction

Gross job gains

12,319 12,685 15,426 14,679 13,018 7.0 7.4 8.9 8.2 7.3

At expanding establishments

9,374 9,926 12,417 11,475 10,452 5.3 5.8 7.2 6.4 5.9

At opening establishments

2,945 2,759 3,009 3,204 2,566 1.7 1.6 1.7 1.8 1.4

Gross job losses

20,641 15,664 11,801 12,535 14,458 11.6 9.1 6.8 7.0 8.1

At contracting establishments

17,680 12,529 9,318 10,159 11,386 9.9 7.3 5.4 5.7 6.4

At closing establishments

2,961 3,135 2,483 2,376 3,072 1.7 1.8 1.4 1.3 1.7

Net employment change (2)

-8,322 -2,979 3,625 2,144 -1,440 -4.6 -1.7 2.1 1.2 -0.8

Manufacturing

Gross job gains

4,611 6,670 5,870 6,040 6,143 3.2 4.6 4.1 4.1 4.1

At expanding establishments

3,924 5,947 5,192 5,309 5,339 2.7 4.1 3.6 3.6 3.6

At opening establishments

687 723 678 731 804 0.5 0.5 0.5 0.5 0.5

Gross job losses

12,032 5,609 5,568 4,679 5,966 8.2 3.9 3.8 3.2 4.0

At contracting establishments

10,888 4,867 4,846 4,100 4,893 7.4 3.4 3.3 2.8 3.3

At closing establishments

1,144 742 722 579 1,073 0.8 0.5 0.5 0.4 0.7

Net employment change (2)

-7,421 1,061 302 1,361 177 -5.0 0.7 0.3 0.9 0.1

Wholesale trade

Gross job gains

4,204 6,367 5,691 5,450 5,821 3.9 6.0 5.3 5.0 5.3

At expanding establishments

2,904 5,158 4,509 4,265 4,738 2.7 4.9 4.2 3.9 4.3

At opening establishments

1,300 1,209 1,182 1,185 1,083 1.2 1.1 1.1 1.1 1.0

Gross job losses

11,126 4,903 4,251 4,244 5,335 10.3 4.6 3.9 3.9 4.9

At contracting establishments

9,509 3,644 3,042 3,273 3,815 8.8 3.4 2.8 3.0 3.5

At closing establishments

1,617 1,259 1,209 971 1,520 1.5 1.2 1.1 0.9 1.4

Net employment change (2)

-6,922 1,464 1,440 1,206 486 -6.4 1.4 1.4 1.1 0.4

Retail trade

Gross job gains

19,641 27,388 18,453 18,449 17,441 7.4 10.5 6.9 6.8 6.3

At expanding establishments

17,513 24,767 16,610 15,944 14,877 6.6 9.5 6.2 5.9 5.4

At opening establishments

2,128 2,621 1,843 2,505 2,564 0.8 1.0 0.7 0.9 0.9

Gross job losses

41,708 15,590 14,799 15,217 17,582 15.7 5.9 5.5 5.6 6.4

At contracting establishments

37,684 13,114 12,524 13,706 15,331 14.2 5.0 4.7 5.0 5.6

At closing establishments

4,024 2,476 2,275 1,511 2,251 1.5 0.9 0.8 0.6 0.8

Net employment change (2)

-22,067 11,798 3,654 3,232 -141 -8.3 4.6 1.4 1.2 -0.1

Transportation and warehousing

Gross job gains

7,107 9,394 9,953 5,700 5,224 8.4 11.2 11.2 6.2 5.8

At expanding establishments

6,413 8,225 8,992 5,069 4,204 7.6 9.8 10.1 5.5 4.7

At opening establishments

694 1,169 961 631 1,020 0.8 1.4 1.1 0.7 1.1

Gross job losses

11,877 5,062 4,843 7,176 7,436 14.1 6.1 5.4 7.9 8.2

At contracting establishments

10,798 4,339 4,304 6,643 6,939 12.8 5.2 4.8 7.3 7.7

At closing establishments

1,079 723 539 533 497 1.3 0.9 0.6 0.6 0.5

Net employment change (2)

-4,770 4,332 5,110 -1,476 -2,212 -5.7 5.1 5.8 -1.7 -2.4

Information

Gross job gains

2,111 4,122 3,045 3,548 4,130 2.7 5.6 4.1 4.7 5.5

At expanding establishments

1,773 3,313 2,322 2,870 3,453 2.3 4.5 3.1 3.8 4.6

At opening establishments

338 809 723 678 677 0.4 1.1 1.0 0.9 0.9

Gross job losses

6,683 3,282 3,692 2,545 3,723 8.8 4.4 5.0 3.4 4.9

At contracting establishments

5,761 2,588 2,883 2,004 2,808 7.6 3.5 3.9 2.7 3.7

At closing establishments

922 694 809 541 915 1.2 0.9 1.1 0.7 1.2

Net employment change (2)

-4,572 840 -647 1,003 407 -6.1 1.2 -0.9 1.3 0.6

Financial activities

Gross job gains

7,721 11,379 10,284 10,492 10,473 4.7 6.9 6.2 6.2 6.2

At expanding establishments

4,709 8,204 7,230 7,552 7,420 2.9 5.0 4.4 4.5 4.4

At opening establishments

3,012 3,175 3,054 2,940 3,053 1.8 1.9 1.8 1.7 1.8

Gross job losses

12,762 8,600 8,393 8,522 9,955 7.7 5.2 5.1 5.0 5.9

At contracting establishments

10,238 5,591 5,779 5,982 7,412 6.2 3.4 3.5 3.5 4.4

At closing establishments

2,524 3,009 2,614 2,540 2,543 1.5 1.8 1.6 1.5 1.5

Net employment change (2)

-5,041 2,779 1,891 1,970 518 -3.0 1.7 1.1 1.2 0.3

Professional and business services

Gross job gains

28,805 34,717 35,247 34,677 37,480 6.6 8.2 8.2 7.9 8.4

At expanding establishments

20,907 25,765 26,784 25,565 28,540 4.8 6.1 6.2 5.8 6.4

At opening establishments

7,898 8,952 8,463 9,112 8,940 1.8 2.1 2.0 2.1 2.0

Gross job losses

57,144 31,337 27,168 25,918 32,339 13.1 7.4 6.3 5.9 7.2

At contracting establishments

48,261 22,578 19,492 19,728 24,318 11.1 5.3 4.5 4.5 5.4

At closing establishments

8,883 8,759 7,676 6,190 8,021 2.0 2.1 1.8 1.4 1.8

Net employment change (2)

-28,339 3,380 8,079 8,759 5,141 -6.5 0.8 1.9 2.0 1.2

Education and health services

Gross job gains

13,336 22,333 18,771 17,023 17,449 4.0 6.8 5.7 5.1 5.1

At expanding establishments

9,678 18,791 15,243 13,780 14,070 2.9 5.7 4.6 4.1 4.1

At opening establishments

3,658 3,542 3,528 3,243 3,379 1.1 1.1 1.1 1.0 1.0

Gross job losses

32,495 14,461 14,783 13,543 16,746 9.7 4.4 4.4 4.0 4.9

At contracting establishments

28,528 11,171 11,546 11,069 12,971 8.5 3.4 3.4 3.3 3.8

At closing establishments

3,967 3,290 3,237 2,474 3,775 1.2 1.0 1.0 0.7 1.1

Net employment change (2)

-19,159 7,872 3,988 3,480 703 -5.7 2.4 1.3 1.1 0.2

Leisure and hospitality

Gross job gains

17,052 67,268 27,075 62,008 45,895 5.8 25.7 10.3 23.4 15.3

At expanding establishments

13,107 57,922 21,823 51,223 39,828 4.5 22.1 8.3 19.3 13.3

At opening establishments

3,945 9,346 5,252 10,785 6,067 1.3 3.6 2.0 4.1 2.0

Gross job losses

101,315 21,365 52,152 19,075 21,530 34.6 8.2 19.8 7.2 7.2

At contracting establishments

86,666 16,217 44,565 16,161 17,566 29.6 6.2 16.9 6.1 5.9

At closing establishments

14,649 5,148 7,587 2,914 3,964 5.0 2.0 2.9 1.1 1.3

Net employment change (2)

-84,263 45,903 -25,077 42,933 24,365 -28.8 17.5 -9.5 16.2 8.1

Other services (3)

Gross job gains

4,478 9,023 5,638 5,923 6,713 6.1 12.8 7.8 8.1 9.0

At expanding establishments

2,780 6,766 3,978 4,342 5,122 3.8 9.6 5.5 5.9 6.9

At opening establishments

1,698 2,257 1,660 1,581 1,591 2.3 3.2 2.3 2.2 2.1

Gross job losses

14,287 4,674 5,840 5,103 5,463 19.5 6.6 8.0 7.0 7.3

At contracting establishments

11,485 3,437 4,524 3,960 3,735 15.7 4.9 6.2 5.4 5.0

At closing establishments

2,802 1,237 1,316 1,143 1,728 3.8 1.7 1.8 1.6 2.3

Net employment change (2)

-9,809 4,349 -202 820 1,250 -13.4 6.2 -0.2 1.1 1.7

(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
2020
Sept.
2020
Dec.
2020
Mar.
2021
June
2021
June
2020
Sept.
2020
Dec.
2020
Mar.
2021
June
2021

United States(1)

4.8 9.5 7.4 6.8 6.7 17.0 6.0 5.7 5.4 5.9

Alabama

4.7 7.8 7.6 5.9 6.2 12.6 5.9 5.5 5.9 6.0

Alaska

6.6 12.2 13.4 11.0 9.5 24.3 9.8 7.7 9.4 9.2

Arizona

5.8 7.8 7.3 6.3 6.8 11.8 6.1 5.0 5.5 6.0

Arkansas

4.8 7.6 7.2 5.9 5.5 12.1 5.7 5.2 5.1 5.6

California

5.3 8.9 8.5 7.7 7.8 18.6 7.1 6.1 5.9 6.4

Colorado

5.7 10.1 7.5 8.6 7.8 15.1 6.4 7.2 5.6 6.4

Connecticut

4.3 11.4 6.6 6.3 6.6 19.5 5.1 5.9 5.3 5.9

Delaware

4.9 10.3 6.8 6.8 6.4 17.0 6.4 6.0 6.0 6.4

District of Columbia

3.3 8.2 5.3 5.5 7.0 22.3 5.7 5.5 5.3 5.4

Florida

6.0 9.5 8.0 6.9 7.8 14.1 6.7 6.0 5.8 6.2

Georgia

5.3 9.3 7.9 6.7 6.9 14.9 6.5 5.2 5.7 6.2

Hawaii

3.6 7.5 14.7 8.5 10.7 30.3 12.2 4.6 5.9 5.6

Idaho

6.3 8.4 8.7 8.1 7.2 11.2 6.4 6.1 5.7 7.2

Illinois

4.5 9.7 6.5 7.2 6.0 18.2 5.6 6.1 4.9 5.6

Indiana

4.6 8.3 6.8 6.0 5.7 13.5 5.2 5.0 5.1 6.0

Iowa

4.4 7.5 6.8 6.1 6.0 13.0 5.5 5.1 5.4 6.0

Kansas

5.0 7.9 7.0 6.2 6.2 13.3 5.9 5.9 5.5 6.1

Kentucky

4.6 9.0 7.3 7.3 6.4 15.2 5.1 6.1 5.1 6.5

Louisiana

4.4 9.1 8.7 6.4 6.8 16.8 7.0 5.6 5.9 6.2

Maine

5.2 12.3 8.5 9.0 7.7 21.9 6.0 6.3 6.3 7.8

Maryland

4.8 11.2 7.3 6.3 6.6 21.5 5.5 5.8 5.5 6.6

Massachusetts

3.7 12.4 7.0 6.6 6.9 24.2 5.4 5.5 5.0 5.7

Michigan

4.0 10.9 6.7 8.5 6.2 20.5 4.8 6.9 4.9 5.6

Minnesota

4.2 9.0 6.9 9.2 6.1 17.6 5.4 6.8 4.9 5.5

Mississippi

5.0 8.7 8.0 5.6 6.4 12.9 5.5 4.9 6.6 6.5

Missouri

4.6 8.5 7.1 6.3 6.0 14.4 5.7 5.2 5.3 6.3

Montana

6.8 9.9 9.4 8.8 8.3 13.9 7.2 6.8 6.9 8.1

Nebraska

4.8 8.2 6.8 6.5 6.2 12.2 5.8 5.5 6.2 6.0

Nevada

5.3 12.9 8.8 7.3 9.5 29.5 6.4 5.7 5.5 5.7

New Hampshire

4.5 11.8 7.4 7.4 7.0 18.8 5.3 6.4 5.4 6.4

New Jersey

4.8 15.7 8.1 7.0 7.2 28.3 5.6 5.9 5.6 5.7

New Mexico

4.5 8.5 7.3 8.5 7.1 17.7 6.1 7.5 5.7 6.6

New York

3.9 13.3 7.4 6.9 7.1 26.9 5.9 6.3 5.4 5.7

North Carolina

4.9 8.7 7.9 6.6 6.4 14.6 5.6 5.0 5.4 5.8

North Dakota

5.3 8.9 7.2 7.8 6.9 17.1 6.9 7.1 6.5 6.5

Ohio

4.5 7.8 6.6 6.1 5.9 14.4 5.3 5.2 5.0 5.8

Oklahoma

5.5 7.1 7.9 6.1 6.5 12.3 6.6 5.8 6.1 6.0

Oregon

5.0 9.0 7.4 8.5 6.6 18.2 6.3 6.5 5.6 6.6

Pennsylvania

3.6 10.3 6.2 6.4 5.6 18.3 4.9 5.3 4.6 5.3

Rhode Island

4.5 13.0 7.6 9.8 7.0 25.1 5.3 7.1 5.5 6.4

South Carolina

5.0 8.8 8.0 6.2 6.3 14.6 5.9 5.2 6.1 6.5

South Dakota

5.1 8.6 7.2 7.3 6.8 11.5 5.5 6.2 6.0 5.8

Tennessee

4.4 8.1 7.5 5.6 5.9 13.9 5.5 4.6 5.0 5.8

Texas

4.7 7.3 7.6 5.7 6.7 13.8 6.1 4.8 5.0 5.4

Utah

6.6 9.1 8.1 7.1 6.9 10.9 6.3 5.6 6.1 6.0

Vermont

4.6 12.9 7.6 8.2 8.4 18.4 5.8 8.0 6.1 6.8

Virginia

4.6 10.4 7.0 6.0 6.2 18.3 5.4 5.3 5.4 6.0

Washington

4.8 8.9 7.2 7.9 6.7 17.4 6.3 6.1 5.4 5.8

West Virginia

5.1 8.9 7.4 7.2 6.5 14.1 6.9 6.2 5.8 6.4

Wisconsin

4.3 7.6 6.3 5.8 5.8 14.4 5.1 5.1 4.7 5.4

Wyoming

6.4 10.8 10.0 9.1 8.8 17.9 7.7 7.7 8.3 8.5

Puerto Rico

4.1 11.1 6.6 6.6 7.7 16.9 5.1 4.9 5.0 5.0

Virgin Islands

5.3 7.8 9.9 7.4 10.6 18.8 12.5 5.8 10.8 6.2

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

 

Last Modified Date: Thursday, February 10, 2022