Gross job gains and losses in the fourth quarter of 2011
August 03, 2012
From September to December 2011, gross job gains from opening and expanding private sector establishments totaled 6.9 million, a decrease of 204,000 from the previous 3-month period. The number of gross job losses from closing and contracting private sector establishments in the fourth quarter of 2011 was 6.5 million, an increase of 181,000 from the previous quarter.
The difference between the number of gross job gains and the number of gross job losses yielded a net employment change of 368,000 jobs in the private sector during the fourth quarter of 2011. Gross job gains represented 6.3 percent of private sector employment, while gross job losses represented 6.0 percent of private sector employment.
Gross job gains at expanding establishments totaled 5.5 million in the fourth quarter of 2011, a decrease of 203,000 from the previous quarter. Gross job losses at contracting establishments equaled 5.2 million, an increase of 52,000 from third quarter 2011.
These data are from the Business Employment Dynamics (BED) program. 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. 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. To learn more, see "Business Employment Dynamics–Fourth Quarter 2011" (HTML) (PDF), news release USDL-12-1530.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Gross job gains and losses in the fourth quarter of 2011 on the Internet at https://www.bls.gov/opub/ted/2012/ted_20120803.htm (visited June 02, 2020).
Recent editions of Spotlight on Statistics
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.
- Labor Market Activity of Blacks in the United States
Examines data on the labor market and related topics for the Black or African American population.
- Workers’ Access to and Use of Leave from Their Jobs in 2017–18
Examines the reasons for which workers can take leave, their use of leave, and the reasons they did not take available leave even when they needed to.