Business Employment Dynamics in Indiana — Third Quarter 2023

From June 2023 to September 2023, gross job losses from closing and contracting private-sector establishments in Indiana were 160,437, while gross job gains from opening and expanding private-sector establishments were 159,404, 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 loss of 1,033 jobs in the private sector during the third quarter of 2023. During the previous quarter, gross job losses exceeded gross job gains by 13,533. (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 the Business Employment Dynamics Technical Note.)

Gross job gains

In the third quarter of 2023, gross job gains represented 5.8 percent of private-sector employment both nationally and in Indiana. (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 Indiana, gross job gains at expanding establishments totaled 127,432 in the third quarter of 2023, an increase of 2,060 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 31,972 jobs gained in the third quarter of 2023, an increase of 3,987 jobs from the previous quarter.

Gross job losses

In the third quarter of 2023, gross job losses represented 5.8 percent of private-sector employment in Indiana; 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 Indiana, contracting establishments lost 127,681 jobs in the third quarter of 2023, a decrease of 6,664 jobs from the prior quarter. Closing establishments lost 32,756 jobs, an increase of 211 jobs from the previous quarter.

Industries

Gross job losses exceeded gross job gains in 5 of the 11 industry sectors in Indiana in the third quarter of 2023. Leisure and hospitality had the largest over-the-quarter net job decrease, losing 3,499 jobs. This was the result of 26,838 gross job gains and 30,337 gross job losses. The manufacturing industry sector had a net loss of 2,945 jobs. Education and health services showed a net gain of 6,104 jobs, the largest gain of any sector in the state.

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 the Business Employment Dynamics Home.

The Business Employment Dynamics for Fourth Quarter 2023 are scheduled to be released on Wednesday, July 24, 2024.

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.

More information on formal definitions of the data used in this release, along with coverage, concepts, and methodology, can be found in the Business Employment Dynamics Technical Note.

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, Indiana, seasonally adjusted

Category	Gross job gains and losses (3 months ended)	Gross job gains and losses as a percent of employment (3 months ended)
Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023	Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023
Total private (1)
Gross job gains	174,452	156,490	152,428	153,357	159,404	6.4	5.7	5.5	5.5	5.8
At expanding establishments	142,708	132,099	133,690	125,372	127,432	5.2	4.8	4.8	4.5	4.6
At opening establishments	31,744	24,391	18,738	27,985	31,972	1.2	0.9	0.7	1.0	1.2
Gross job losses	150,254	142,752	137,357	166,890	160,437	5.5	5.2	5.0	6.1	5.8
At contracting establishments	128,213	121,739	113,419	134,345	127,681	4.7	4.4	4.1	4.9	4.6
At closing establishments	22,041	21,013	23,938	32,545	32,756	0.8	0.8	0.9	1.2	1.2
Net employment change (2)	24,198	13,738	15,071	-13,533	-1,033	0.9	0.5	0.5	-0.6	0.0
Construction
Gross job gains	13,720	12,232	14,422	12,475	12,143	8.9	7.8	8.8	7.7	7.6
At expanding establishments	10,183	10,254	12,922	10,575	9,253	6.6	6.5	7.9	6.5	5.8
At opening establishments	3,537	1,978	1,500	1,900	2,890	2.3	1.3	0.9	1.2	1.8
Gross job losses	11,158	12,034	11,042	12,914	13,020	7.2	7.6	6.8	8.0	8.1
At contracting establishments	9,565	10,069	8,978	10,048	10,279	6.2	6.4	5.5	6.2	6.4
At closing establishments	1,593	1,965	2,064	2,866	2,741	1.0	1.2	1.3	1.8	1.7
Net employment change (2)	2,562	198	3,380	-439	-877	1.7	0.2	2.0	-0.3	-0.5
Manufacturing
Gross job gains	20,348	16,766	13,494	14,165	13,734	3.7	3.1	2.5	2.6	2.6
At expanding establishments	18,457	15,788	12,735	13,111	12,600	3.4	2.9	2.4	2.4	2.4
At opening establishments	1,891	978	759	1,054	1,134	0.3	0.2	0.1	0.2	0.2
Gross job losses	17,103	15,707	16,299	20,846	16,679	3.2	2.9	3.0	3.9	3.2
At contracting establishments	15,997	14,313	15,330	19,104	15,258	3.0	2.6	2.8	3.6	2.9
At closing establishments	1,106	1,394	969	1,742	1,421	0.2	0.3	0.2	0.3	0.3
Net employment change (2)	3,245	1,059	-2,805	-6,681	-2,945	0.5	0.2	-0.5	-1.3	-0.6
Wholesale trade
Gross job gains	8,437	6,559	6,169	6,548	6,759	6.5	4.9	4.6	4.9	5.0
At expanding establishments	6,586	5,458	5,369	5,185	5,247	5.1	4.1	4.0	3.9	3.9
At opening establishments	1,851	1,101	800	1,363	1,512	1.4	0.8	0.6	1.0	1.1
Gross job losses	5,547	4,705	5,440	6,088	6,362	4.3	3.6	4.1	4.6	4.7
At contracting establishments	4,310	3,792	4,209	4,808	4,443	3.3	2.9	3.2	3.6	3.3
At closing establishments	1,237	913	1,231	1,280	1,919	1.0	0.7	0.9	1.0	1.4
Net employment change (2)	2,890	1,854	729	460	397	2.2	1.3	0.5	0.3	0.3
Retail trade
Gross job gains	18,149	16,257	18,869	16,113	18,839	5.8	5.2	6.0	5.1	6.0
At expanding establishments	16,086	14,772	17,039	13,697	15,997	5.1	4.7	5.4	4.3	5.1
At opening establishments	2,063	1,485	1,830	2,416	2,842	0.7	0.5	0.6	0.8	0.9
Gross job losses	18,942	15,692	14,193	20,836	18,217	6.0	5.0	4.5	6.6	5.8
At contracting establishments	17,314	14,071	12,115	17,734	15,393	5.5	4.5	3.8	5.6	4.9
At closing establishments	1,628	1,621	2,078	3,102	2,824	0.5	0.5	0.7	1.0	0.9
Net employment change (2)	-793	565	4,676	-4,723	622	-0.2	0.2	1.5	-1.5	0.2
Transportation and warehousing
Gross job gains	8,257	11,281	7,958	8,814	10,515	5.1	6.8	4.8	5.4	6.4
At expanding establishments	6,964	9,630	7,169	7,309	8,974	4.3	5.8	4.3	4.5	5.5
At opening establishments	1,293	1,651	789	1,505	1,541	0.8	1.0	0.5	0.9	0.9
Gross job losses	8,100	8,073	10,610	10,240	9,493	5.0	4.9	6.4	6.3	5.8
At contracting establishments	7,145	6,796	9,654	8,432	8,003	4.4	4.1	5.8	5.2	4.9
At closing establishments	955	1,277	956	1,808	1,490	0.6	0.8	0.6	1.1	0.9
Net employment change (2)	157	3,208	-2,652	-1,426	1,022	0.1	1.9	-1.6	-0.9	0.6
Information
Gross job gains	1,973	1,685	1,267	1,408	1,576	7.4	6.3	4.8	5.3	5.9
At expanding establishments	1,547	1,066	985	1,181	1,169	5.8	4.0	3.7	4.4	4.4
At opening establishments	426	619	282	227	407	1.6	2.3	1.1	0.9	1.5
Gross job losses	1,958	1,561	1,462	1,694	1,546	7.3	5.9	5.4	6.4	5.8
At contracting establishments	1,393	1,253	1,101	1,215	1,177	5.2	4.7	4.1	4.6	4.4
At closing establishments	565	308	361	479	369	2.1	1.2	1.3	1.8	1.4
Net employment change (2)	15	124	-195	-286	30	0.1	0.4	-0.6	-1.1	0.1
Financial activities
Gross job gains	8,345	7,476	5,517	6,785	7,727	6.0	5.3	3.9	4.9	5.5
At expanding establishments	6,361	5,874	4,488	5,296	5,424	4.6	4.2	3.2	3.8	3.9
At opening establishments	1,984	1,602	1,029	1,489	2,303	1.4	1.1	0.7	1.1	1.6
Gross job losses	6,446	6,674	6,169	6,548	7,365	4.6	4.8	4.4	4.7	5.2
At contracting establishments	4,749	5,192	4,397	4,737	5,340	3.4	3.7	3.1	3.4	3.8
At closing establishments	1,697	1,482	1,772	1,811	2,025	1.2	1.1	1.3	1.3	1.4
Net employment change (2)	1,899	802	-652	237	362	1.4	0.5	-0.5	0.2	0.3
Professional and business services
Gross job gains	34,032	26,173	26,365	27,149	27,776	9.2	7.1	7.2	7.4	7.7
At expanding establishments	26,264	20,764	22,402	21,269	20,972	7.1	5.6	6.1	5.8	5.8
At opening establishments	7,768	5,409	3,963	5,880	6,804	2.1	1.5	1.1	1.6	1.9
Gross job losses	29,098	28,159	25,283	31,808	29,273	7.9	7.6	6.8	8.7	8.1
At contracting establishments	24,315	23,974	20,003	25,869	22,555	6.6	6.5	5.4	7.1	6.2
At closing establishments	4,783	4,185	5,280	5,939	6,718	1.3	1.1	1.4	1.6	1.9
Net employment change (2)	4,934	-1,986	1,082	-4,659	-1,497	1.3	-0.5	0.4	-1.3	-0.4
Education and health services
Gross job gains	22,804	20,823	21,115	25,155	25,010	4.9	4.4	4.4	5.2	5.1
At expanding establishments	19,562	17,932	19,144	21,117	21,220	4.2	3.8	4.0	4.4	4.3
At opening establishments	3,242	2,891	1,971	4,038	3,790	0.7	0.6	0.4	0.8	0.8
Gross job losses	16,735	18,990	15,447	17,701	18,906	3.6	4.1	3.2	3.7	3.9
At contracting establishments	14,259	16,676	12,449	13,293	15,462	3.1	3.6	2.6	2.8	3.2
At closing establishments	2,476	2,314	2,998	4,408	3,444	0.5	0.5	0.6	0.9	0.7
Net employment change (2)	6,069	1,833	5,668	7,454	6,104	1.3	0.3	1.2	1.5	1.2
Leisure and hospitality
Gross job gains	29,145	28,086	28,418	26,249	26,838	9.6	9.1	9.1	8.4	8.6
At expanding establishments	22,943	23,056	24,017	19,668	20,015	7.6	7.5	7.7	6.3	6.4
At opening establishments	6,202	5,030	4,401	6,581	6,823	2.0	1.6	1.4	2.1	2.2
Gross job losses	26,932	23,533	23,469	30,104	30,337	8.9	7.7	7.6	9.7	9.7
At contracting establishments	22,316	19,466	18,949	22,699	22,859	7.4	6.4	6.1	7.3	7.3
At closing establishments	4,616	4,067	4,520	7,405	7,478	1.5	1.3	1.5	2.4	2.4
Net employment change (2)	2,213	4,553	4,949	-3,855	-3,499	0.7	1.4	1.5	-1.3	-1.1
Other services (3)
Gross job gains	7,043	6,556	6,502	6,645	6,618	8.1	7.4	7.2	7.4	7.3
At expanding establishments	5,916	5,317	5,318	5,418	5,021	6.8	6.0	5.9	6.0	5.5
At opening establishments	1,127	1,239	1,184	1,227	1,597	1.3	1.4	1.3	1.4	1.8
Gross job losses	6,134	5,730	5,995	5,720	6,813	7.0	6.5	6.7	6.4	7.5
At contracting establishments	5,002	4,469	4,656	4,378	5,007	5.7	5.1	5.2	4.9	5.5
At closing establishments	1,132	1,261	1,339	1,342	1,806	1.3	1.4	1.5	1.5	2.0
Net employment change (2)	909	826	507	925	-195	1.1	0.9	0.5	1.0	-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)
Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023	Sept. 2022	Dec. 2022	Mar. 2023	June 2023	Sept. 2023
United States(1)	6.9	6.3	6.2	6.2	5.8	5.9	5.9	5.4	5.9	5.9
Alabama	6.9	6.6	6.4	5.9	5.9	5.9	6.1	5.5	5.7	6.0
Alaska	8.5	10.9	10.4	11.0	8.5	10.4	9.2	8.0	8.9	10.5
Arizona	7.1	6.6	5.9	7.0	6.7	5.5	6.0	5.4	6.5	5.9
Arkansas	6.5	6.2	5.8	5.8	5.6	5.2	5.2	5.0	6.0	5.7
California	6.8	6.6	6.1	6.7	6.2	6.2	6.6	6.4	6.4	6.5
Colorado	7.0	7.6	7.2	7.3	5.5	7.1	6.9	6.5	6.6	6.2
Connecticut	6.3	5.9	6.1	6.4	5.8	6.2	5.9	5.3	5.7	6.2
Delaware	8.6	7.0	6.7	6.0	6.0	6.2	7.5	5.2	5.7	6.5
District of Columbia	7.2	5.6	5.9	5.4	5.5	5.0	5.5	4.8	5.3	5.4
Florida	7.8	6.2	6.3	6.8	6.5	5.6	6.0	5.6	5.8	5.8
Georgia	7.1	6.7	6.2	6.4	6.1	5.9	5.9	5.8	6.5	6.1
Hawaii	6.4	6.0	5.5	5.7	5.3	4.9	4.9	5.0	5.2	6.9
Idaho	7.8	8.4	7.9	7.9	7.3	7.5	6.9	7.5	7.5	8.2
Illinois	5.8	5.4	5.8	5.4	4.8	5.3	5.1	4.8	5.3	5.5
Indiana	6.4	5.7	5.5	5.5	5.8	5.5	5.2	5.0	6.1	5.8
Iowa	5.9	6.4	6.0	6.0	5.5	5.9	6.2	5.4	5.9	5.8
Kansas	7.4	6.3	6.1	6.1	5.7	5.5	5.6	5.4	6.0	6.0
Kentucky	6.6	6.0	6.1	5.6	5.7	5.4	5.3	4.9	5.9	5.5
Louisiana	6.9	6.1	6.3	6.1	6.2	5.7	6.2	5.6	6.4	6.0
Maine	7.6	7.4	7.7	7.6	6.8	7.3	6.8	6.2	7.6	7.8
Maryland	7.4	6.6	6.8	6.7	6.4	6.0	6.9	5.6	6.3	6.5
Massachusetts	6.2	5.5	5.8	5.9	5.4	6.1	5.8	4.7	5.7	6.1
Michigan	5.7	5.9	5.7	5.9	5.2	5.8	5.2	4.9	5.3	5.9
Minnesota	6.5	5.9	5.7	6.0	3.1	5.9	5.8	4.9	5.6	4.2
Mississippi	7.2	6.8	6.1	6.3	6.2	6.3	6.2	5.7	6.6	6.2
Missouri	6.8	6.1	6.5	5.9	5.6	6.3	5.8	5.1	5.9	5.8
Montana	8.7	9.2	8.7	7.8	7.7	7.8	7.8	7.1	8.4	8.5
Nebraska	7.1	6.0	6.3	6.0	6.0	6.1	5.7	5.1	5.6	5.9
Nevada	7.4	6.4	6.2	6.6	6.5	5.8	6.1	5.7	6.0	5.5
New Hampshire	6.9	6.7	7.0	6.7	5.9	6.7	6.0	5.9	6.3	6.7
New Jersey	6.8	6.8	6.1	6.8	5.9	6.4	5.9	5.7	5.9	5.9
New Mexico	8.0	6.7	6.8	6.4	6.1	5.9	6.2	5.9	6.2	6.7
New York	6.6	5.9	6.5	6.3	5.8	5.9	6.0	5.1	5.7	6.1
North Carolina	6.7	6.6	6.4	6.1	5.6	5.8	5.7	5.3	5.7	6.2
North Dakota	7.6	6.4	7.6	6.9	6.6	6.3	6.7	5.6	6.7	6.6
Ohio	5.8	5.9	5.8	5.6	5.2	5.5	5.7	4.9	5.7	5.7
Oklahoma	7.4	6.6	6.3	6.2	6.2	5.6	5.9	5.3	6.0	6.0
Oregon	6.7	6.5	7.3	6.4	6.1	6.0	6.2	6.1	6.9	6.9
Pennsylvania	6.1	5.5	5.5	5.2	5.2	5.1	5.2	4.6	5.5	5.2
Rhode Island	6.7	6.9	7.5	6.7	6.5	7.3	6.4	5.9	7.0	6.8
South Carolina	7.3	6.9	6.8	6.4	6.8	5.6	6.2	5.8	6.8	5.7
South Dakota	7.3	6.5	7.2	6.8	6.3	6.4	6.5	5.9	6.2	6.3
Tennessee	7.0	5.8	5.9	5.9	2.7	5.5	5.6	5.0	5.5	4.2
Texas	7.2	6.2	5.9	5.8	5.7	5.3	5.3	5.0	5.4	5.5
Utah	7.5	6.9	7.0	6.8	6.8	6.8	6.6	6.2	6.2	6.5
Vermont	7.2	7.8	8.2	7.4	6.3	7.8	7.0	6.0	7.5	8.0
Virginia	7.5	6.2	6.2	6.0	5.8	6.1	5.8	5.2	5.8	6.0
Washington	7.2	5.9	6.4	6.0	5.4	6.3	5.3	5.5	5.6	6.0
West Virginia	8.1	6.6	7.1	6.1	6.5	6.9	6.4	5.3	6.1	6.5
Wisconsin	6.0	6.0	6.0	5.6	5.2	5.8	5.5	4.9	5.9	5.9
Wyoming	9.2	9.2	8.9	8.4	8.2	8.4	7.9	7.8	8.7	8.2
Puerto Rico	6.2	6.6	5.1	5.8	5.7	5.3	6.1	5.7	4.9	5.4
Virgin Islands	8.5	5.9	7.5	7.4	8.2	5.5	4.7	6.5	6.8	7.1
Footnotes (1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands. The sum of the states will not necessarily add to the U.S. total because of the independent seasonal adjustment of each state.

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