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August 21, 2009 (The Editor’s Desk is updated each business day.)

Gross job gains and losses in the fourth quarter of 2008

Three-month private sector gross job gains and losses, seasonally adjusted, December 2007-December 2008 (p)
Dec 2007 Mar 2008 Jun 2008 Sep 2008 Dec 2008

Gross job gains, total

7,676,000 7,130,000 7,258,000 6,822,000 6,712,000

At expanding establishments

6,220,000 5,731,000 5,858,000 5,504,000 5,367,000

At opening establishments

1,456,000 1,399,000 1,400,000 1,318,000 1,345,000

Gross job losses, total

7,366,000 7,400,000 7,751,000 7,754,000 8,467,000

At contracting establishments

6,010,000 6,047,000 6,277,000 6,383,000 6,977,000

At closing establishments

1,356,000 1,353,000 1,474,000 1,371,000 1,490,000

Net employment change

310,000 -270,000 -493,000 -932,000 -1,755,000

Footnotes:
(p) Preliminary

These data featured in the TED article, Gross job gains and losses in the fourth quarter of 2008.

 

 

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