May 25, 2010
The number of gross job losses from private sector closing and contracting establishments fell to 7.3 million in the third quarter of 2009, a decline of 739,000 from the previous quarter. This is the largest over-the-quarter decrease in gross job losses since the series began in 1992.
The difference between the number of gross job gains and the number of gross job losses in the private sector yielded a net change of ‑964,000 jobs.
From June to September 2009, the number of gross job gains from opening and expanding private sector establishments was 6.3 million.
The number of gross job losses from private sector closing and contracting establishments was 7.3 million (a decline of 739,000 from the previous quarter, as mentioned above).
These data are from the Business Employment Dynamics program. For more information, see "Business Employment Dynamics — Third Quarter 2009" (HTML) (PDF), news release USDL-10-0687. Gross job gains are the sum of increases in employment from expansions at existing units and the addition of new jobs at opening units. Gross job losses are the result of contractions in employment at existing units and the loss of jobs at closing units. The difference between the number of gross jobs gained and the number of gross jobs lost is the net change in employment.