Quarterly Data Series on Business Employment Dynamics News Release - 2025 Q04 Results — 2026-07-29

From September 2025 to December 2025, gross job gains from expanding and opening private-sector establishments were 7.8 million, an increase of 363,000 jobs from the previous quarter, the U.S. Bureau of Labor Statistics reported today. Over this period, gross job losses from contracting and closing private-sector establishments were 7.2 million, a decrease of 389,000 jobs from the previous quarter. (See tables A and 1.) 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.