Quarterly Data Series on Business Employment Dynamics News Release - 2023 Q03 Results — 2024-04-24

From June 2023 to September 2023, gross job losses from closing and contracting private-sector establishments were 7.8 million, a decrease of 37,000 jobs 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 7.6 million, a decrease of 561,000 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 decline of 192,000 jobs in the private sector during the third 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.