Gross job gains and losses in the fourth quarter of 2011
August 03, 2012
From September to December 2011, gross job gains from opening and expanding private sector establishments totaled 6.9 million, a decrease of 204,000 from the previous 3-month period. The number of gross job losses from closing and contracting private sector establishments in the fourth quarter of 2011 was 6.5 million, an increase of 181,000 from the previous quarter.
The difference between the number of gross job gains and the number of gross job losses yielded a net employment change of 368,000 jobs in the private sector during the fourth quarter of 2011. Gross job gains represented 6.3 percent of private sector employment, while gross job losses represented 6.0 percent of private sector employment.
Gross job gains at expanding establishments totaled 5.5 million in the fourth quarter of 2011, a decrease of 203,000 from the previous quarter. Gross job losses at contracting establishments equaled 5.2 million, an increase of 52,000 from third quarter 2011.
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–Fourth Quarter 2011" (HTML) (PDF), news release USDL-12-1530.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Gross job gains and losses in the fourth quarter of 2011 on the Internet at https://www.bls.gov/opub/ted/2012/ted_20120803.htm (visited January 19, 2017).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.