November 23, 2009
In the first quarter of 2009, the difference between the number of gross jobs gained and the number of gross jobs lost yielded a net loss of 2,740,000 jobs in the private sector. This is the largest quarterly net loss since this data series began in 1992.
The number of job gains from opening and expanding private sector establishments was 5.7 million in the first quarter of 2009, the lowest level since the series began.
The number of job losses from closing and contracting establishments was 8.5 million in the first quarter of 2009.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Gross job gains and losses in the first quarter of 2009 at https://www.bls.gov/opub/ted/2009/ted_20091123.htm (visited August 16, 2022).