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Nearly a million jobs gained in the fourth quarter of 2017
July 27, 2018
From September 2017 to December 2017, gross job gains from opening and expanding private sector establishments were 7.8 million. Over this period, gross job losses from closing and contracting private sector establishments were 6.8 million. The difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 999,000 jobs during the fourth quarter of 2017.
Private sector job gains and losses, seasonally adjusted, September 2017–December 2017
Category
3 months ended December 2017
Job gains
7,793,000
At expanding establishments
6,361,000
At opening establishments
1,432,000
Job losses
6,794,000
At contracting establishments
5,506,000
At closing establishments
1,288,000
Net employment change
999,000
Note: The net employment change is the difference between total job gains and total job losses.
In the fourth quarter of 2017, gross job gains represented 6.4 percent of private sector employment. Gross job gains at expanding establishments totaled 6.4 million, while gains at opening establishments totaled 1.4 million.
In the fourth quarter of 2017, gross job losses represented 5.5 percent of private sector employment. Contracting establishments lost 5.5 million jobs, and closing establishments lost 1.3 million jobs.
United States Department of Labor
