Table 3. Number of private sector establishments by direction of employment change, annual March to March Puerto Rico 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 361 13,739 9,161 4,578 12,845 8,628 4,217 March 1995 1,026 14,649 9,493 5,156 12,855 8,725 4,130 March 1996 1,187 15,544 10,203 5,341 12,965 8,811 4,154 March 1997 1,263 15,991 10,668 5,323 13,188 9,128 4,060 March 1998 1,195 16,243 10,178 6,065 14,820 9,950 4,870 March 1999 -9 15,349 10,699 4,650 14,823 10,164 4,659 March 2000 -21 15,698 10,866 4,832 14,789 9,936 4,853 March 2001 792 15,063 9,675 5,388 15,722 11,126 4,596 March 2002 -3,153 11,930 9,363 2,567 16,882 11,162 5,720 March 2003 -2,765 11,195 9,781 1,414 14,086 9,907 4,179 March 2004 5,359 17,904 9,158 8,746 12,645 9,258 3,387 March 2005 1,794 16,372 10,698 5,674 14,557 10,677 3,880 March 2006 337 16,018 11,041 4,977 16,051 11,411 4,640 March 2007 -1,928 15,426 10,674 4,752 18,489 11,809 6,680 March 2008 -166 15,126 9,953 5,173 17,249 11,910 5,339 March 2009 -1,159 13,320 8,926 4,394 17,978 12,425 5,553 March 2010 -366 13,576 8,929 4,647 16,533 11,520 5,013 March 2011 -1,010 13,545 9,825 3,720 15,391 10,661 4,730 March 2012 -213 14,008 9,816 4,192 14,790 10,385 4,405 March 2013 -62 14,535 10,390 4,145 14,016 9,809 4,207 March 2014 -186 13,410 9,346 4,064 14,911 10,661 4,250 March 2015 -417 13,160 9,360 3,800 14,585 10,368 4,217 March 2016 -542 13,058 9,471 3,587 14,498 10,369 4,129 March 2017 -28 13,205 9,509 3,696 13,796 10,072 3,724 March 2018 -2,162 11,082 7,873 3,209 17,642 12,271 5,371 March 2019 2,351 17,082 11,738 5,344 11,450 8,457 2,993 March 2020 130 14,404 10,371 4,033 13,900 9,997 3,903 March 2021 162 14,996 10,186 4,810 16,457 11,809 4,648 March 2022 2,459 19,623 14,148 5,475 11,966 8,950 3,016 March 2023 1,269 16,505 11,969 4,536 14,607 11,340 3,267 (1) Net change is the difference between the number of opening establishments and the number of closing establishments.