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Professional and business services only industry to gain over 100,000 jobs in second quarter 2018
February 01, 2019
From March 2018 to June 2018, gross job gains from opening and expanding private-sector establishments were 7.6 million, an increase of 233,000 jobs. Over this same period, gross job losses from closing and contracting establishments were 7.2 million, or 536,000 more lost jobs than the previous quarter. The difference between gross job gains and gross job losses yielded a net employment gain of 437,000 jobs over the period. Professional and business services had the largest net job increase among industries, with a gain of 102,000 jobs.
Job gains and losses by industry, 2nd quarter 2018, seasonally adjusted
Industry
Gross job gains
Gains at expanding establishments
Gains at opening establishments
Gross job losses
Losses at contracting establishments
Losses at closing establishments
Net employment change
Natural resources and mining
275,000
241,000
34,000
247,000
213,000
34,000
28,000
Construction
685,000
563,000
122,000
634,000
515,000
119,000
51,000
Manufacturing
438,000
404,000
34,000
375,000
330,000
45,000
63,000
Wholesale trade
273,000
229,000
44,000
250,000
196,000
54,000
23,000
Retail trade
902,000
772,000
130,000
955,000
837,000
118,000
-53,000
Transportation and warehousing
284,000
245,000
39,000
252,000
217,000
35,000
32,000
Utilities
13,000
11,000
2,000
15,000
13,000
2,000
-2,000
Information
158,000
133,000
25,000
167,000
139,000
28,000
-9,000
Financial activities
389,000
311,000
78,000
354,000
275,000
79,000
35,000
Professional and business services
1,456,000
1,193,000
263,000
1,354,000
1,086,000
268,000
102,000
Education and health services
1,005,000
814,000
191,000
933,000
758,000
175,000
72,000
Leisure and hospitality
1,338,000
1,061,000
277,000
1,351,000
1,131,000
220,000
-13,000
Other services
314,000
250,000
64,000
283,000
221,000
62,000
31,000
Professional and business services was the only industry to have a net job gain of over 100,000 jobs during the second quarter of 2018. Over that period, the 1,456,000 job gains in the industry resulted from 1,193,00 job gains at expanding business establishments and 263,00 jobs gained at opening business establishments.
The retail trade industry had the largest net job decrease from March 2018 to June 2018, with a loss of 53,000 jobs. The net job loss resulted from gross job losses of 955,000 and gross job gains of 902,000.
United States Department of Labor
