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Job gains 8.1 million, job losses 7.8 million, during second quarter 2023

February 16, 2024

From March 2023 to June 2023, gross job gains from opening and expanding private-sector establishments were 8.1 million, while gross job losses from closing and contracting private-sector establishments were 7.8 million. The difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 332,000 jobs in the private sector during the second quarter of 2023.

Gross job gains and losses, and net employment change, private sector, second quarter 2013–second quarter 2023
Quarter Net employment change Gross job gains Gross job losses

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

683,000 7,494,000 6,811,000

Q2 2018

498,000 7,688,000 7,190,000

Q3 2018

86,000 7,485,000 7,399,000

Q4 2018

723,000 7,719,000 6,996,000

Q1 2019

494,000 7,460,000 6,966,000

Q2 2019

262,000 7,667,000 7,405,000

Q3 2019

60,000 7,383,000 7,323,000

Q4 2019

738,000 7,821,000 7,083,000

Q1 2020

-836,000 7,031,000 7,867,000

Q2 2020

-14,538,000 5,733,000 20,271,000

Q3 2020

4,003,000 10,846,000 6,843,000

Q4 2020

2,016,000 8,786,000 6,770,000

Q1 2021

1,791,000 8,324,000 6,533,000

Q2 2021

985,000 8,211,000 7,226,000

Q3 2021

1,463,000 8,862,000 7,399,000

Q4 2021

2,874,000 9,565,000 6,691,000

Q1 2022

1,575,000 8,553,000 6,978,000

Q2 2022

382,000 8,352,000 7,970,000

Q3 2022

1,341,000 8,841,000 7,500,000

Q4 2022

478,000 8,108,000 7,630,000

Q1 2023

976,000 8,041,000 7,065,000

Q2 2023

332,000 8,120,000 7,788,000

Note: Data are seasonally adjusted.

From the first quarter of 2023 to the second quarter of 2023, the number of job gains increased by 79,000, and the number of job losses increased by 723,000. In the first quarter of 2023, gross job gains were 8.0 million and gross job losses were 7.1 million, yielding a net employment gain of 976,000.

Gross job gains represented 6.2 percent of private-sector employment during the second quarter of 2023. Gross job losses represented 5.9 percent of private-sector employment.

These data are from the Business Employment Dynamics program and are seasonally adjusted. For more information, see "Business Employment Dynamics — Second Quarter 2023." 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 8.1 million, job losses 7.8 million, during second quarter 2023 at https://www.bls.gov/opub/ted/2024/job-gains-8-1-million-job-losses-7-8-million-during-second-quarter-2023.htm (visited May 19, 2024).

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