Gross job gains and losses in the third quarter of 2010
May 05, 2011
From June to September 2010, the number of gross job gains from opening and expanding private sector establishments decreased to 6.6 million; gross job losses from closing and contracting private sector establishments increased to 6.4 million. Firms in all class sizes experienced a decrease in gross job gains and an increase in gross job losses in the third quarter of 2010.
The financial activities, utilities, construction, retail trade, information, and other services sectors posted net decreases in employment during third quarter 2010. The manufacturing sector has recorded two consecutive quarters of net employment increases after 15 consecutive quarters of net decreases from third quarter 2006 to first quarter 2010.
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. Business Employment Dynamics statistics track these changes in employment at private business units from the third month of one quarter to the third month of the next. 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 job gains and gross job losses is the net change in employment.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Gross job gains and losses in the third quarter of 2010 on the Internet at https://www.bls.gov/opub/ted/2011/ted_20110505.htm (visited July 23, 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.