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Gross job gains and losses, second quarter of 2012

January 30, 2013

From March 2012 to June 2012, gross job gains from opening and expanding private sector establishments were 7.0 million, an increase of 69,000 from the previous quarter. Over this period, gross job losses from closing and contracting private sector establishments were 6.4 million, an increase of 301,000 from the previous quarter.

3-month private sector gross job gains and losses, seasonally adjusted, March 2002–June 2012
3 months endedNet change (1)Gross job gainsGross job losses
TotalAt expanding establishmentsAt opening establishmentsTotalAt contracting establishmentsAt closing establishments

Mar 2002

-10,0008,071,0006,298,0001,773,0008,081,0006,434,0001,647,000

Jun 2002

-30,0007,868,0006,145,0001,723,0007,898,0006,274,0001,624,000

Sep 2002

-151,0007,630,0006,039,0001,591,0007,781,0006,248,0001,533,000

Dec 2002

-241,0007,483,0005,938,0001,545,0007,724,0006,185,0001,539,000

Mar 2003

-393,0007,467,0005,928,0001,539,0007,860,0006,307,0001,553,000

Jun 2003

-90,0007,398,0005,929,0001,469,0007,488,0006,030,0001,458,000

Sep 2003

204,0007,392,0005,923,0001,469,0007,188,0005,828,0001,360,000

Dec 2003

297,0007,521,0006,005,0001,516,0007,224,0005,800,0001,424,000

Mar 2004

470,0007,715,0006,204,0001,511,0007,245,0005,795,0001,450,000

Jun 2004

644,0007,754,0006,235,0001,519,0007,110,0005,639,0001,471,000

Sep 2004

206,0007,633,0006,060,0001,573,0007,427,0005,888,0001,539,000

Dec 2004

757,0007,844,0006,243,0001,601,0007,087,0005,663,0001,424,000

Mar 2005

384,0007,620,0006,131,0001,489,0007,236,0005,801,0001,435,000

Jun 2005

593,0007,774,0006,231,0001,543,0007,181,0005,776,0001,405,000

Sep 2005

677,0007,965,0006,387,0001,578,0007,288,0005,844,0001,444,000

Dec 2005

494,0007,807,0006,252,0001,555,0007,313,0005,948,0001,365,000

Mar 2006

874,0007,797,0006,354,0001,443,0006,923,0005,636,0001,287,000

Jun 2006

371,0007,758,0006,246,0001,512,0007,387,0006,015,0001,372,000

Sep 2006

52,0007,499,0006,061,0001,438,0007,447,0006,097,0001,350,000

Dec 2006

455,0007,740,0006,223,0001,517,0007,285,0005,941,0001,344,000

Mar 2007

549,0007,727,0006,297,0001,430,0007,178,0005,881,0001,297,000

Jun 2007

149,0007,632,0006,222,0001,410,0007,483,0006,079,0001,404,000

Sep 2007

-252,0007,318,0005,847,0001,471,0007,570,0006,215,0001,355,000

Dec 2007

299,0007,658,0006,196,0001,462,0007,359,0006,012,0001,347,000

Mar 2008

-227,0007,233,0005,826,0001,407,0007,460,0006,095,0001,365,000

Jun 2008

-575,0007,257,0005,851,0001,406,0007,832,0006,354,0001,478,000

Sep 2008

-968,0006,879,0005,515,0001,364,0007,847,0006,462,0001,385,000

Dec 2008

-1,793,0006,712,0005,360,0001,352,0008,505,0007,022,0001,483,000

Mar 2009

-2,706,0005,834,0004,648,0001,186,0008,540,0007,122,0001,418,000

Jun 2009

-1,656,0006,395,0005,093,0001,302,0008,051,0006,669,0001,382,000

Sep 2009

-899,0006,335,0005,119,0001,216,0007,234,0005,874,0001,360,000

Dec 2009

-217,0006,651,0005,325,0001,326,0006,868,0005,583,0001,285,000

Mar 2010

-266,0006,245,0005,078,0001,167,0006,511,0005,308,0001,203,000

Jun 2010

722,0006,972,0005,690,0001,282,0006,250,0005,087,0001,163,000

Sep 2010

187,0006,669,0005,416,0001,253,0006,482,0005,253,0001,229,000

Dec 2010

609,0007,027,0005,651,0001,376,0006,418,0005,193,0001,225,000

Mar 2011

292,0006,437,0005,272,0001,165,0006,145,0005,010,0001,135,000

Jun 2011

603,0006,942,0005,646,0001,296,0006,339,0005,111,0001,228,000

Sep 2011

794,0007,136,0005,776,0001,360,0006,342,0005,194,0001,148,000

Dec 2011

389,0006,909,0005,557,0001,352,0006,520,0005,238,0001,282,000

Mar 2012

814,0006,935,0005,706,0001,229,0006,121,0004,935,0001,186,000

Jun 2012

582,0007,004,0005,744,0001,260,0006,422,0005,213,0001,209,000

Footnotes:
(1) The net employment change is the difference between total gross job gains and total gross job losses.
 

Gross job gains at expanding establishments totaled 5.7 million in second quarter 2012, an increase of 38,000 from the previous quarter. Opening establishments accounted for 1.3 million jobs gained in second quarter 2012, an increase of 31,000 from the previous quarter.

Contracting establishments lost 5.2 million jobs in second quarter 2012. This is an increase of  278,000 from the prior quarter. In second quarter 2012, closing establishments lost 1.2 million jobs, an increase of 23,000 from the previous quarter.

The difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 582,000 jobs in the private sector during the second quarter of 2012.

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 2012" (HTML) (PDF), news release USDL-13-0140.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Gross job gains and losses, second quarter of 2012 at https://www.bls.gov/opub/ted/2013/ted_20130130.htm (visited April 19, 2024).

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