Quarterly Data Series on Business Employment Dynamics News Release - 2023 Q04 Results — 2024-07-24

From September 2023 to December 2023, gross job gains from opening and expanding private-sector establishments were 7.8 million, an increase of 264,000 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 7.5 million, a decrease of 272,000 jobs from the previous quarter. The difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 344,000 jobs in the private sector during the fourth quarter of 2023. (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.