Gross job gains and job losses in the second quarter of 2011
February 14, 2012
From March to June 2011, gross job gains from opening and expanding private sector establishments was 6.9 million, an increase of 554,000 jobs as compared to the previous quarter. Over this period, gross job losses from closing and contracting private sector establishments was 6.3 million, an increase of 228,000 jobs lost as compared to the previous quarter.
Job gains at expanding establishments totaled 5.6 million in second quarter 2011, an increase from the previous quarter's gain of 5.2 million jobs.
Opening establishments accounted for 1.3 million jobs in second quarter 2011, an increase of 157,000 jobs over the previous quarter's gain of 1.1 million.
Contracting establishments lost 5.1 million jobs in the second quarter of 2011. This is an increase from the prior quarter when contracting establishments lost 5.0 million jobs.
In the second quarter of 2011, closing establishments lost 1.2 million jobs, an increase of 114,000 jobs lost from the previous quarter.
The difference between the number of gross job gains and the number of gross job losses yielded a net employment change of 578,000 jobs in the private sector during the second quarter of 2011.
Gross job gains represented 6.4 percent of private sector employment in second quarter 2011, while gross job losses represented 5.8 percent of private sector employment.
These data are from the Business Employment Dynamics (BED) program. 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. BED statistics track these changes in employment at private business units from the third month of one quarter to the third month of the next. To learn more, see "Business Employment Dynamics — Second Quarter 2011" (HTML) (PDF), news release USDL-12-0159.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Gross job gains and job losses in the second quarter of 2011 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20120214.htm (visited October 02, 2014).
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