Gross job gains and losses in the fourth quarter of 2004
August 19, 2005
From September to December 2004, the number of job gains from opening and expanding private sector establishments was 8.1 million, and the number of job losses from closing and contracting establishments was 7.2 million.
The gain in jobs in the fourth quarter of 2004 was the largest gross job gain since the first quarter of 2002. Expanding establishments added 6.4 million jobs and opening establishments added 1.7 million jobs from the third to the fourth quarter of 2004.
Gross job losses totaled 7.2 million in the fourth quarter, a smaller loss than the 7.6 million in the third quarter of 2004. In the fourth quarter of 2004, contracting establishments lost 5.7 million jobs and closing establishments lost 1.5 million jobs.
These data are from the BLS Business Employment Dynamics program and are seasonally adjusted. To learn more about job gains and losses, see Business Employment Dynamics: Fourth Quarter 2004 (PDF) (TXT), news release USDL 05-1562. Gross job gains are increases in employment resulting from expansions of employment at existing establishments or from the opening of establishments. Gross job losses are declines in employment at existing establishments or from the closing of establishments. The difference between the number of gross jobs gained and the number of gross jobs lost is the net change in employment.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Gross job gains and losses in the fourth quarter of 2004 on the Internet at http://www.bls.gov/opub/ted/2005/aug/wk3/art05.htm (visited April 20, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.