New statistics on business employment dynamics
October 01, 2003
New quarterly data on business employment dynamics have been issued by the Bureau of Labor Statistics. These data quantify the sizable number of jobs that appear and disappear in the U.S. economy each quarter.
Opening and expanding private sector business establishments gained 7.7 million jobs in the fourth quarter of 2002, while closing and contracting establishments lost 7.8 million jobs. This led to a net employment loss of 70,000 jobs.
Expanding establishments gained 6.1 million jobs in the quarter, while opening establishments accounted for a gain of 1.6 million jobs. Contracting establishments lost 6.2 million jobs, while closing establishments accounted for a loss of 1.6 million jobs. Expanding and contracting establishments thus accounted for most jobs gained and lost.
These data are from Business Employment Dynamics. Data presented here are for workers in private industry covered by State unemployment insurance programs. Find more in "New Quarterly Data on Business Employment Dynamics From BLS" (PDF) (TXT), news release USDL 03–521.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, New statistics on business employment dynamics on the Internet at http://www.bls.gov/opub/ted/2003/sept/wk5/art03.htm (visited September 30, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.