New quarterly data on business employment dynamics have been issued
by the Bureau of Labor Statistics. These data quantify the sizable
number of jobs that appear and disappear in the U.S. economy each
quarter. Expanding establishments gained 6.1 million jobs in the
quarter, while opening establishments accounted for a gain of 1.6
million jobs. Contracting establishments lost 6.2 million jobs, while
closing establishments accounted for a loss of 1.6 million jobs.
Expanding and contracting establishments thus accounted for most jobs
gained and lost. These first business employment dynamics data were
issued in news release USDL 03-521, "New Quarterly Data on Business
Employment Dynamics From BLS."