Table 3. Number of private sector establishments by direction of employment change, annual March to March Colorado Total private Establishments gaining jobs Establishments losing jobs Year ended Net change(1) Total Expanding Opening Total Contracting Closing establishments establishments establishments establishments March 1994 4,977 44,821 30,316 14,505 31,052 21,524 9,528 March 1995 5,047 46,062 31,014 15,048 33,809 23,808 10,001 March 1996 3,536 45,901 30,798 15,103 38,006 26,439 11,567 March 1997 4,741 48,393 31,795 16,598 38,938 27,081 11,857 March 1998 3,730 49,832 33,224 16,608 40,998 28,120 12,878 March 1999 3,269 51,284 34,316 16,968 42,274 28,575 13,699 March 2000 4,135 54,394 35,769 18,625 44,085 29,595 14,490 March 2001 3,876 54,911 35,575 19,336 46,956 31,496 15,460 March 2002 882 50,384 32,506 17,878 52,010 35,014 16,996 March 2003 1,153 48,466 30,723 17,743 52,645 36,055 16,590 March 2004 2,536 52,177 33,388 18,789 49,136 32,883 16,253 March 2005 3,252 55,343 35,653 19,690 48,328 31,890 16,438 March 2006 2,994 56,628 36,636 19,992 49,693 32,695 16,998 March 2007 3,079 57,518 37,095 20,423 50,724 33,380 17,344 March 2008 1,554 56,799 36,728 20,071 53,421 34,904 18,517 March 2009 -3,696 47,350 29,511 17,839 63,131 41,596 21,535 March 2010 -3,794 45,503 28,988 16,515 58,721 38,412 20,309 March 2011 -182 51,549 34,081 17,468 49,076 31,426 17,650 March 2012 1,840 53,895 35,897 17,998 46,750 30,592 16,158 March 2013 3,239 56,417 37,513 18,904 46,264 30,599 15,665 March 2014 2,957 58,015 38,807 19,208 47,577 31,326 16,251 March 2015 3,606 60,865 40,585 20,280 48,322 31,648 16,674 March 2016 3,599 62,327 41,120 21,207 50,545 32,937 17,608 March 2017 5,097 63,286 40,424 22,862 53,143 35,378 17,765 March 2018 4,477 64,289 41,375 22,914 54,792 36,355 18,437 March 2019 3,219 64,643 41,408 23,235 57,661 37,645 20,016 March 2020 1,988 64,849 40,335 24,514 62,233 39,707 22,526 March 2021 9,058 69,038 39,332 29,706 65,117 44,469 20,648 March 2022 8,630 80,872 48,847 32,025 60,663 37,268 23,395 March 2023 3,093 77,269 47,333 29,936 67,476 40,633 26,843 (1) Net change is the difference between the number of opening establishments and the number of closing establishments.