July 30th, 2014
in Gary's blogging
from the Bureau of Labor Statistics
From September 2013 to December 2013, gross job gains from opening and expanding private sector establishments were 7.3 million, an increase of 290,000 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 34,000 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 745,000 jobs in the private sector during the fourth quarter of 2013. (See table 1.)