Quarterly Data Series on Business Employment Dynamics News Release — 2014-11-19

From December 2013 to March 2014, gross job gains from opening and expanding private sector establishments were 6.9 million, a decrease of 440,000 jobs from the previous quarter, the U.S. Bureau of Labor Statistics reported today. Over this period, gross job losses from closing and contracting private sector establishments were 6.5 million, a decrease of 94,000 jobs from the previous quarter. (See tables A, 1, and 3.) The difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 397,000 jobs in the private sector during the first quarter of 2014. (See tables A, 1, and 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.