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Net employment gain of 668,000 jobs in fourth quarter 2012

August 08, 2013

From September 2012 to December 2012, gross job gains from opening and expanding private sector establishments were 7.1 million, an increase of 238,000 jobs from the previous quarter. Over this period, gross job losses from closing and contracting private sector establishments were 6.4 million, a decrease of 231,000 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 668,000 jobs in the private sector during the fourth quarter of 2012.
 Private sector gross job gains and job losses, seasonally adjusted, March 2002–December 2012
3 months endedNet change (1)Gross job gainsGross job losses
TotalExpanding establishmentsOpening establishmentsTotalContracting establishmentsClosing establishments

Mar 2002

-10,0008,071,0006,298,0001,773,0008,081,0006,434,0001,647,000

Jun 2002

-30,0007,868,0006,145,0001,723,0007,898,0006,274,0001,624,000

Sep 2002

-151,0007,630,0006,039,0001,591,0007,781,0006,248,0001,533,000

Dec 2002

-241,0007,483,0005,938,0001,545,0007,724,0006,185,0001,539,000

Mar 2003

-393,0007,467,0005,928,0001,539,0007,860,0006,307,0001,553,000

Jun 2003

-90,0007,398,0005,929,0001,469,0007,488,0006,030,0001,458,000

Sep 2003

204,0007,392,0005,923,0001,469,0007,188,0005,828,0001,360,000

Dec 2003

297,0007,521,0006,005,0001,516,0007,224,0005,800,0001,424,000

Mar 2004

470,0007,715,0006,204,0001,511,0007,245,0005,795,0001,450,000

Jun 2004

644,0007,754,0006,235,0001,519,0007,110,0005,639,0001,471,000

Sep 2004

206,0007,633,0006,060,0001,573,0007,427,0005,888,0001,539,000

Dec 2004

757,0007,844,0006,243,0001,601,0007,087,0005,663,0001,424,000

Mar 2005

384,0007,620,0006,131,0001,489,0007,236,0005,801,0001,435,000

Jun 2005

593,0007,774,0006,231,0001,543,0007,181,0005,776,0001,405,000

Sep 2005

677,0007,965,0006,387,0001,578,0007,288,0005,844,0001,444,000

Dec 2005

494,0007,807,0006,252,0001,555,0007,313,0005,948,0001,365,000

Mar 2006

874,0007,797,0006,354,0001,443,0006,923,0005,636,0001,287,000

Jun 2006

371,0007,758,0006,246,0001,512,0007,387,0006,015,0001,372,000

Sep 2006

52,0007,499,0006,061,0001,438,0007,447,0006,097,0001,350,000

Dec 2006

455,0007,740,0006,223,0001,517,0007,285,0005,941,0001,344,000

Mar 2007

549,0007,727,0006,297,0001,430,0007,178,0005,881,0001,297,000

Jun 2007

149,0007,632,0006,222,0001,410,0007,483,0006,079,0001,404,000

Sep 2007

-252,0007,318,0005,847,0001,471,0007,570,0006,215,0001,355,000

Dec 2007

299,0007,658,0006,196,0001,462,0007,359,0006,012,0001,347,000

Mar 2008

-227,0007,233,0005,826,0001,407,0007,460,0006,095,0001,365,000

Jun 2008

-575,0007,257,0005,851,0001,406,0007,832,0006,354,0001,478,000

Sep 2008

-968,0006,879,0005,515,0001,364,0007,847,0006,462,0001,385,000

Dec 2008

-1,793,0006,712,0005,360,0001,352,0008,505,0007,022,0001,483,000

Mar 2009

-2,706,0005,834,0004,648,0001,186,0008,540,0007,122,0001,418,000

Jun 2009

-1,656,0006,395,0005,093,0001,302,0008,051,0006,669,0001,382,000

Sep 2009

-899,0006,335,0005,119,0001,216,0007,234,0005,874,0001,360,000

Dec 2009

-217,0006,651,0005,325,0001,326,0006,868,0005,583,0001,285,000

Mar 2010

-266,0006,245,0005,078,0001,167,0006,511,0005,308,0001,203,000

Jun 2010

722,0006,972,0005,690,0001,282,0006,250,0005,087,0001,163,000

Sep 2010

187,0006,669,0005,416,0001,253,0006,482,0005,253,0001,229,000

Dec 2010

609,0007,027,0005,651,0001,376,0006,418,0005,193,0001,225,000

Mar 2011

292,0006,437,0005,272,0001,165,0006,145,0005,010,0001,135,000

Jun 2011

603,0006,942,0005,646,0001,296,0006,339,0005,111,0001,228,000

Sep 2011

794,0007,136,0005,776,0001,360,0006,342,0005,194,0001,148,000

Dec 2011

389,0006,909,0005,557,0001,352,0006,520,0005,238,0001,282,000

Mar 2012

814,0006,935,0005,706,0001,229,0006,121,0004,935,0001,186,000

Jun 2012

582,0007,004,0005,744,0001,260,0006,422,0005,213,0001,209,000

Sep 2012

199,0006,813,0005,545,0001,268,0006,614,0005,386,0001,228,000

Dec 2012

668,0007,051,0005,752,0001,299,0006,383,0005,180,0001,203,000

(1) Net change is the difference between total gross job gains and total gross job losses.
 

Gross job gains at expanding establishments totaled 5.8 million in fourth quarter 2012, an increase of 207,000 jobs from the previous quarter. Opening establishments accounted for 1.3 million jobs gained in fourth quarter 2012, an increase of 31,000 jobs from the previous quarter.

In the fourth quarter of 2012, closing establishments lost 1.2 million jobs, a decrease of 25,000 jobs from the previous quarter. Gross job gains represented 6.4 percent of private sector employment in fourth quarter 2012, while gross job losses represented 5.8 percent of private sector employment.

These data are from the Business Employment Dynamics program. The change in the number of jobs over time is the net result of gross gains and gross losses in employment that occur at all businesses in the economy. To learn more, see "Business Employment Dynamics — Fourth Quarter 2012" (HTML) (PDF), news release USDL‑13‑1524.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Net employment gain of 668,000 jobs in fourth quarter 2012 at https://www.bls.gov/opub/ted/2013/ted_20130808.htm (visited September 08, 2024).

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