Table 1. Private sector gross job gains and job losses, annual March to March Financial activities (In thousands) Gross job gains Gross job losses Year ended Net change(1) Total Expanding Opening Total Contracting Closing establishments establishments establishments establishments March 1994 175 977 625 352 802 500 302 March 1995 -40 923 551 372 963 622 341 March 1996 88 976 608 368 888 541 347 March 1997 184 1,061 688 373 877 522 355 March 1998 263 1,176 768 408 913 528 385 March 1999 228 1,251 788 463 1,023 569 454 March 2000 79 1,119 709 410 1,040 641 399 March 2001 86 1,105 756 349 1,019 612 407 March 2002 21 1,062 693 369 1,041 657 384 March 2003 73 1,044 700 344 971 612 359 March 2004 68 962 637 325 894 580 314 March 2005 101 1,040 705 335 939 592 347 March 2006 164 1,008 698 310 844 552 292 March 2007 58 965 662 303 907 608 299 March 2008 -154 882 610 272 1,036 659 377 March 2009 -356 719 492 227 1,075 733 342 March 2010 -260 661 459 202 921 645 276 March 2011 -29 704 511 193 733 482 251 March 2012 64 754 551 203 690 450 240 (1) Net change is the difference between total gross job gains and total gross job losses.