Job gains exceed job losses for first time since December 2007
February 03, 2011
In the second quarter of 2010, the number of gross job gains from opening and expanding private sector establishments increased to 6.9 million; the number of gross job losses from closing and contracting private sector establishments was 6.2 million.
The net change in employment in the second quarter of 2010 was 728,000. This represents the first positive net employment change since the recession began in December 2007 and the largest since March 2006.
Job losses have steadily decreased from a recent high of 8.5 million in December 2008 to the lowest level since the series began in September 1992.
Gross job gains represented 6.6 percent of private sector employment in the second quarter of 2010, while gross job losses represented 5.9 percent of private sector employment.
These data are from the Business Employment Dynamics (BED) program. The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all businesses in the economy. BED statistics track these changes in employment at private business units from the third month of one quarter to the third month of the next. To learn more, see "Business Employment Dynamics – Second Quarter 2010" (HTML) (PDF), news release USDL-11-0126.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Job gains exceed job losses for first time since December 2007 on the Internet at https://www.bls.gov/opub/ted/2011/ted_20110203.htm (visited October 24, 2020).
Recent editions of Spotlight on Statistics
- Gulf War Era Veterans in the Labor Force
Examines the demographic, employment, and unemployment characteristics of civilians who served in the U.S. military during Gulf War era.
- Using BLS Data to Match People with Disabilities with Jobs Presents data that can help increase access and opportunity for people with disabilities in the nation’s labor market.
- How Women and Aging Affect Trends in Labor Force Growth Examines how women’s labor force participation and the aging of the U.S. population affect trends in labor force growth.
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.