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Employment dynamics.

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."
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Title Annotation:Labor Month in Review
Publication:Monthly Labor Review
Geographic Code:1USA
Date:Nov 1, 2003
Words:110
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