From September 2017 to December 2017, gross job gains from opening and expanding private-sector establishments…
From September 2017 to December 2017, gross job gains from opening and expanding private-sector establishments were 7.8 million, an increase of 537,000 jobs gained over the quarter, the U.S. Bureau of Labor Statistics reports.
Over this period, gross job losses from closing and contracting private-sector establishments were 6.8 million, a decrease of 602,000 jobs lost from the previous quarter.
The difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 999,000 jobs in the private sector during the fourth quarter of 2017.
The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all private businesses in the economy.
Business Employment Dynamics (BED) statistics track these changes in employment at private-sector establishments from the third month of one quarter to the third month of the next.
The difference between the number of gross job gains and the number of gross job losses is the net change in employment.
The BED data series include gross job gains and gross job losses by industry subsector, for the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands, as well as gross job gains and gross job losses at the firm level by employer size class.