Table 3. Number of private sector establishments by direction of employment change, annual March to March New Jersey Establishments gaining jobs Establishments losing jobs Year ended Net change(1) Total Expanding Opening Total Contracting Closing establishments establishments establishments establishments March 1994 791 70,302 48,514 21,788 63,882 42,885 20,997 March 1995 7,442 78,170 51,289 26,881 61,383 41,944 19,439 March 1996 4,615 76,043 49,378 26,665 69,480 47,430 22,050 March 1997 379 76,673 53,093 23,580 68,688 45,487 23,201 March 1998 5,279 81,898 52,554 29,344 70,241 46,176 24,065 March 1999 3,064 83,120 53,453 29,667 73,698 47,095 26,603 March 2000 6,764 89,681 54,931 34,750 76,540 48,554 27,986 March 2001 -1,720 83,594 54,797 28,797 81,839 51,322 30,517 March 2002 3,021 83,185 53,371 29,814 80,272 53,479 26,793 March 2003 663 79,919 51,720 28,199 82,455 54,919 27,536 March 2004 1,568 83,455 55,643 27,812 77,651 51,407 26,244 March 2005 3,731 83,799 54,103 29,696 79,800 53,835 25,965 March 2006 7,349 87,972 56,453 31,519 78,866 54,696 24,170 March 2007 -1,948 82,169 54,371 27,798 87,338 57,592 29,746 March 2008 132 82,149 54,511 27,638 85,096 57,590 27,506 March 2009 -4,611 69,491 44,658 24,833 96,275 66,831 29,444 March 2010 -4,113 71,535 46,945 24,590 87,498 58,795 28,703 March 2011 -578 78,149 53,031 25,118 77,389 51,693 25,696 March 2012 2,314 82,033 55,511 26,522 74,588 50,380 24,208 (1) Net change is the difference between the number of opening establishments and the number of closing establishments.