Gross job gains and losses in the third quarter of 2010
May 05, 2011
From June to September 2010, the number of gross job gains from opening and expanding private sector establishments decreased to 6.6 million; gross job losses from closing and contracting private sector establishments increased to 6.4 million. Firms in all class sizes experienced a decrease in gross job gains and an increase in gross job losses in the third quarter of 2010.
The financial activities, utilities, construction, retail trade, information, and other services sectors posted net decreases in employment during third quarter 2010. The manufacturing sector has recorded two consecutive quarters of net employment increases after 15 consecutive quarters of net decreases from third quarter 2006 to first quarter 2010.
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. Business Employment Dynamics statistics track these changes in employment at private business units 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 units and the addition of new jobs at opening units. Gross job losses are the result of contractions in employment at existing units and the loss of jobs at closing units. The difference between the number of gross job gains and gross job losses 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 third quarter of 2010 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20110505.htm (visited August 24, 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.