Business Employment Dynamics (BED) is used to track changes in employment at the establishment level.
BED data measures the gross job gains and gross job losses from each quarter in the economy. Gross job gains are increases in employment from expanding and opening establishments and gross job losses are decreases in employment from contracting and closing establishments. The net change in employment is the difference between the amount of gross job gains and gross job losses.
All of the BED data are derived from the Quarterly Census of Employment and Wages (QCEW) program, linking administrative Unemployment Insurance establishment data across time. The employment changes in the BED are measured from the 3rd month of each quarter.
Current BED data for Delaware is published by The Delaware Department of Labor in the Annual Delaware Economic Report.
All of the data referenced within the recently released 2015 report, including the BED data summarized below, are seasonally adjusted.
Delaware Business Employment Dynamics – 4th Quarter, 2015
- From September 2015 to December 2015, Delaware’s gross job gains from opening and expanding establishments were 27,012, and the number of job losses from closing and contracting establishments was 22,998, seasonally adjusted, according to data released by the Delaware Department of Labor and the U.S. Department of Labor’s Bureau of Labor Statistics. Expanding and contracting establishments accounted for most of the jobs gained and lost. The net job change, i.e., the difference between total gross job gains and total gross job losses, was 4,014.
Trends in Gross Job Gains and Job Losses in Delaware
- Opening and expanding private sector business establishments in Delaware gained 27,012 jobs in the fourth quarter of 2015, or 4,531 more than in the third quarter of 2015.
Rates of Gross Job Gains and Gross Job Losses
- From September 2015 to December 2015, Delaware’s gross job gains represented 7.2 percent of private sector employment. This was greater than the national rate of gross job gains of 6.6 percent.
- From September 2015 to December 2015, Delaware’s gross job losses represented 6.2 percent of private sector employment. This was greater than the national rate of gross job losses of 5.8 percent.
More Delaware BED details and statistics, including data outlined in charts and graphs, are found in the full report.
Current Delaware data on these areas are also revealed:
- Overview of Employment in Delaware by Industry
- Current Employment Statistics for Delaware Industry Jobs
- Delaware Industry Seasonally Adjusted Employment Index 2007-2015
- Delaware’s Annual Unemployment Rate
- Comparative Unemployment Rates
- Delaware Unemployment by Educational Attainment
- Help Wanted Online Ads – Delaware 2015
- City of Dover Employment and Wages
- City of Newark Employment and Wages
- City of Wilmington Employment and Wages
- Delaware Personal Income Current Population Survey Demographics
Check it out:
They say knowledge is power. Clearly, there is a ton of data on Delaware made available in this publication.
- Captive Insurance Bulletin No. 6 Provides PATH Act Guidance for Delaware Captive Insurance Companies
- Dleaware Divisions of Corporations 2015 Annual Report