Table 3. Number of private sector establishments by direction of employment change, annual March to March New Jersey 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 787 70,309 48,522 21,787 63,890 42,890 21,000 March 1995 7,432 78,173 51,300 26,873 61,386 41,945 19,441 March 1996 4,615 76,045 49,381 26,664 69,482 47,433 22,049 March 1997 374 76,672 53,097 23,575 68,690 45,489 23,201 March 1998 5,279 81,900 52,555 29,345 70,242 46,176 24,066 March 1999 2,985 83,041 53,454 29,587 73,698 47,096 26,602 March 2000 6,566 89,476 54,928 34,548 76,533 48,551 27,982 March 2001 -1,913 83,327 54,790 28,537 81,764 51,314 30,450 March 2002 3,220 82,993 53,368 29,625 79,878 53,473 26,405 March 2003 702 79,748 51,723 28,025 82,240 54,917 27,323 March 2004 1,598 83,351 55,641 27,710 77,516 51,404 26,112 March 2005 3,682 83,659 54,099 29,560 79,712 53,834 25,878 March 2006 7,334 87,828 56,447 31,381 78,738 54,691 24,047 March 2007 -1,795 82,115 54,368 27,747 87,132 57,590 29,542 March 2008 149 82,079 54,509 27,570 85,008 57,587 27,421 March 2009 -4,299 69,735 44,658 25,077 96,210 66,834 29,376 March 2010 -3,802 71,900 47,049 24,851 87,450 58,797 28,653 March 2011 -275 78,488 53,137 25,351 77,435 51,809 25,626 March 2012 1,833 81,928 55,524 26,404 74,915 50,344 24,571 March 2013 -545 78,900 54,212 24,688 77,170 51,937 25,233 March 2014 1,258 80,020 54,510 25,510 76,937 52,685 24,252 March 2015 -216 79,619 54,752 24,867 77,408 52,325 25,083 March 2016 2,943 85,825 57,993 27,832 76,476 51,587 24,889 March 2017 1,627 81,788 55,878 25,910 79,777 55,494 24,283 March 2018 768 81,559 55,824 25,735 80,660 55,693 24,967 March 2019 1,949 84,192 57,662 26,530 79,470 54,889 24,581 March 2020 6,543 85,733 54,032 31,701 85,116 59,958 25,158 March 2021 3,569 83,772 48,653 35,119 103,590 72,040 31,550 March 2022 21,371 120,977 72,995 47,982 75,941 49,330 26,611 March 2023 8,081 106,864 67,434 39,430 89,410 58,061 31,349 (1) Net change is the difference between the number of opening establishments and the number of closing establishments.