Business Employment Dynamics: First Quarter 2007 — 2007-11-16

From December 2006 to March 2007, the number of job gains from opening and expanding private sector establishments was 7.5 million, and the number of job losses from closing and contracting establishments was 7.1 million, according to data released today by the Bureau of Labor Statistics of the U.S. Department of Labor. (See table 3.) Over this period, firms with 1,000 or more employees accounted for the largest share of gross job gains (16.5 percent) and firms with 1 to 4 employees had the largest share of gross job losses (16.7 percent). (See tables D and 4.) The Business Employment Dynamics (BED) data series include gross job gains and gross job losses at the establishment level by major industry sector and 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.