New statistics on business employment dynamics
October 01, 2003
New quarterly data on business employment dynamics have been issued by the Bureau of Labor Statistics. These data quantify the sizable number of jobs that appear and disappear in the U.S. economy each quarter.
Opening and expanding private sector business establishments gained 7.7 million jobs in the fourth quarter of 2002, while closing and contracting establishments lost 7.8 million jobs. This led to a net employment loss of 70,000 jobs.
Expanding establishments gained 6.1 million jobs in the quarter, while opening establishments accounted for a gain of 1.6 million jobs. Contracting establishments lost 6.2 million jobs, while closing establishments accounted for a loss of 1.6 million jobs. Expanding and contracting establishments thus accounted for most jobs gained and lost.
These data are from Business Employment Dynamics. Data presented here are for workers in private industry covered by State unemployment insurance programs. Find more in "New Quarterly Data on Business Employment Dynamics From BLS" (PDF) (TXT), news release USDL 03–521.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, New statistics on business employment dynamics on the Internet at https://www.bls.gov/opub/ted/2003/sept/wk5/art03.htm (visited January 25, 2020).
Recent editions of Spotlight on Statistics
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership.
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.