Quarterly Data Series on Business Employment Dynamics News Release — 2018-04-25

From June 2017 to September 2017, gross job losses from closing and contracting private-sector establishments were 7.4 million, an increase of 268,000 jobs lost from the previous quarter, the U.S. Bureau of Labor Statistics reported today. Over this period, gross job gains from opening and expanding private-sector establishments were 7.3 million, a decrease of 348,000 jobs gained over the quarter. The difference between the number of gross job gains and the number of gross job losses yielded a net employment loss of 140,000 jobs in the private sector during the third quarter of 2017. (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.