Gross job gains and losses in the third quarter of 2008
May 20, 2009
Opening and expanding private sector business establishments gained 6.8 million jobs in the third quarter of 2008, a decrease of 436,000 from the previous quarter. Over the quarter, expanding establishments added 5.5 million jobs while opening establishments added 1.3 million jobs.
Gross job losses totaled 7.8 million, an increase of 3,000 from the previous quarter. During the quarter, contracting establishments lost 6.4 million jobs, while closing establishments lost 1.4 million jobs.
The difference between the number of gross jobs gained and the number of gross jobs lost yielded a net change of ‑932,000 jobs in the private sector for third quarter 2008.
Gross job gains represented 6.1 percent of private sector employment, while gross job losses represented 6.9 percent of private sector employment.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Gross job gains and losses in the third quarter of 2008 on the Internet at https://www.bls.gov/opub/ted/2009/may/wk3/art03.htm (visited July 21, 2019).
Recent editions of Spotlight on Statistics
- 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.
- Labor force characteristics of people with a disability
Examines the labor force characteristics of people with a disability and compares them with the characteristics of people with no disability.