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Employment gain of 654,000 during first quarter of 2017

November 22, 2017

From December 2016 to March 2017, job gains from opening and expanding private sector establishments were 7.3 million. Over this period, gross job losses from closing and contracting private sector establishments were 6.7 million. The difference between the number of job gains and the number of job losses yielded a net employment gain of 654,000 private-sector jobs in the first quarter of 2017.

Private sector job gains and losses, seasonally adjusted, December 2016–March 2017
Category 3 months ended March 2017

Job gains

7,328,000

At expanding establishments

6,019,000

At opening establishments

1,309,000

Job losses

6,674,000

At contracting establishments

5,521,000

At closing establishments

1,153,000

Net employment change

654,000

 

Note: The net employment change is the difference between total job gains and total job losses.

In the first quarter of 2017, gross job gains represented 6.0 percent of private-sector employment. Gross job gains at expanding establishments totaled 6.0 million. Opening establishments accounted for 1.3 million of the jobs gained.

Gross job losses represented 5.4 percent of private-sector employment in the first quarter of 2017. Contracting establishments lost 5.5 million jobs while closing establishments lost 1.2 million jobs.

These data are from the Business Employment Dynamics program. Gross job gains are the sum of increases in employment due to expansions at existing establishments and the addition of new jobs at opening establishments. Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. For more information, see "Business Employment Dynamics — First Quarter 2017" (HTML) (PDF).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employment gain of 654,000 during first quarter of 2017 at https://www.bls.gov/opub/ted/2017/employment-gain-of-654000-during-first-quarter-of-2017.htm (visited October 26, 2021).