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Gross job gains 7.5 million and gross job losses 7.2 million in the 2nd quarter of 2016
Gross job gains 7.5 million and gross job losses 7.2 million in the 2nd quarter of 2016Economic News Release USDL-17-0106
Business Employment Dynamics Summary
For release 10:00 a.m. (EST) Wednesday, January 25, 2017
Technical information: (202) 691-6553 * BDMInfo@bls.gov * www.bls.gov/bdm
Media contact: (202) 691-5902 * PressOffice@bls.gov
BUSINESS EMPLOYMENT DYNAMICS: SECOND QUARTER 2016
From March 2016 to June 2016, gross job gains from opening and expanding private-sector establishments were 7.5 million, an increase of 486,000 jobs from the previous quarter, the U.S. Bureau of Labor Statistics reported today. Over this period, gross job losses from closing and contracting private-sector establishments were 7.2 million, an increase of 373,000 jobs from the previous quarter. (See tables A, 1, and 3.)
The difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 307,000 jobs in the private-sector during the second quarter of 2016. (See tables A, 1, and 3.)
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. Business Employment Dynamics (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. Gross job gains are the sum of increases in employment from expansions at existing units and the addition of new jobs at opening units. Gross job losses are the result of contractions in employment at existing units and the loss of jobs at closing units. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See the Technical Note for more information.)
The BED data series include gross job gains and gross job losses at the establishment level by industry subsector and for the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands, as well as gross job gains and gross job losses at the firm level by employer size class.
Business Employment Dynamics Summary
For release 10:00 a.m. (EST) Wednesday, January 25, 2017
Technical information: (202) 691-6553 * BDMInfo@bls.gov * www.bls.gov/bdm
Media contact: (202) 691-5902 * PressOffice@bls.gov
BUSINESS EMPLOYMENT DYNAMICS: SECOND QUARTER 2016
From March 2016 to June 2016, gross job gains from opening and expanding private-sector establishments were 7.5 million, an increase of 486,000 jobs from the previous quarter, the U.S. Bureau of Labor Statistics reported today. Over this period, gross job losses from closing and contracting private-sector establishments were 7.2 million, an increase of 373,000 jobs from the previous quarter. (See tables A, 1, and 3.)
The difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 307,000 jobs in the private-sector during the second quarter of 2016. (See tables A, 1, and 3.)
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. Business Employment Dynamics (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. Gross job gains are the sum of increases in employment from expansions at existing units and the addition of new jobs at opening units. Gross job losses are the result of contractions in employment at existing units and the loss of jobs at closing units. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See the Technical Note for more information.)
The BED data series include gross job gains and gross job losses at the establishment level by industry subsector and for the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands, as well as gross job gains and gross job losses at the firm level by employer size class.
[center]Facilities for Sensory Impaired[/center]
Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.
