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Job gains 8.4 million, job losses 6.9 million, during first quarter 2022

November 07, 2022

From December 2021 to March 2022, gross job gains at opening and expanding private-sector establishments were 8.4 million. Gross job losses at closing and contracting private-sector establishments were 6.9 million. The difference between the job gains and the job losses yielded a net employment gain of 1.5 million jobs during the first quarter of 2022.

Gross job gains and losses, and net employment change, private sector, first quarter 2012–first quarter 2022
Quarter Net employment change Gross job gains Gross job losses

Q1 2012

948,000 7,080,000 6,132,000

Q2 2012

616,000 7,051,000 6,435,000

Q3 2012

252,000 6,881,000 6,629,000

Q4 2012

695,000 7,110,000 6,415,000

Q1 2013

558,000 6,941,000 6,383,000

Q2 2013

674,000 7,152,000 6,478,000

Q3 2013

507,000 7,058,000 6,551,000

Q4 2013

700,000 7,255,000 6,555,000

Q1 2014

419,000 6,953,000 6,534,000

Q2 2014

895,000 7,454,000 6,559,000

Q3 2014

577,000 7,247,000 6,670,000

Q4 2014

1,038,000 7,617,000 6,579,000

Q1 2015

216,000 7,046,000 6,830,000

Q2 2015

849,000 7,580,000 6,731,000

Q3 2015

475,000 7,344,000 6,869,000

Q4 2015

944,000 7,817,000 6,873,000

Q1 2016

249,000 7,163,000 6,914,000

Q2 2016

318,000 7,443,000 7,125,000

Q3 2016

748,000 7,710,000 6,962,000

Q4 2016

308,000 7,413,000 7,105,000

Q1 2017

651,000 7,434,000 6,783,000

Q2 2017

526,000 7,639,000 7,113,000

Q3 2017

-39,000 7,321,000 7,360,000

Q4 2017

883,000 7,772,000 6,889,000

Q1 2018

712,000 7,497,000 6,785,000

Q2 2018

458,000 7,673,000 7,215,000

Q3 2018

91,000 7,500,000 7,409,000

Q4 2018

731,000 7,724,000 6,993,000

Q1 2019

524,000 7,464,000 6,940,000

Q2 2019

218,000 7,653,000 7,435,000

Q3 2019

66,000 7,398,000 7,332,000

Q4 2019

750,000 7,831,000 7,081,000

Q1 2020

-803,000 7,035,000 7,838,000

Q2 2020

-14,621,000 5,719,000 20,340,000

Q3 2020

4,025,000 10,874,000 6,849,000

Q4 2020

2,024,000 8,797,000 6,773,000

Q1 2021

1,810,000 8,322,000 6,512,000

Q2 2021

936,000 8,196,000 7,260,000

Q3 2021

1,474,000 8,882,000 7,408,000

Q4 2021

2,892,000 9,580,000 6,688,000

Q1 2022

1,545,000 8,438,000 6,893,000

The number of job gains in the first quarter of 2022 decreased by 1.1 million jobs from the fourth quarter of 2021, while the number of job losses increased 205,000. In the fourth quarter of 2021, gross job gains were 9.6 million, gross job losses 6.7 million, yielding a positive net change of 2.9 million.

Over the period before the COVID-19 pandemic from the first quarter of 2012 to the fourth quarter of 2019, the net change averaged 549,000 jobs per quarter. During 2021, the net change averaged 1.8 million jobs per quarter.

These data are from the Business Employment Dynamics program and are seasonally adjusted. For more information, see "Business Employment Dynamics — First Quarter 2022." Also see charts related to the latest "Business Employment Dynamics" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Job gains 8.4 million, job losses 6.9 million, during first quarter 2022 at https://www.bls.gov/opub/ted/2022/job-gains-8-4-million-job-losses-6-9-million-during-first-quarter-2022.htm (visited December 01, 2022).

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