Quarterly Data Series on Business Employment Dynamics News Release — 2010-02-23

From March to June 2009 the number of gross job gains from opening and expanding private sector establishments was 6.4 million, an increase of 674,000 jobs compared to the previous quarter, the U.S. Bureau of Labor Statistics reported today. This is the largest over the quarter increase in gross job gains since the series began in 1992. The number of gross job losses from private sector closing and contracting establishments fell to 8.0 million in the second quarter of 2009. Over this period, gross job losses exceeded gross job gains in all industry sectors except education and health services. (See table 3.) The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all businesses in the economy.