Business Employment Dynamics is a set of statistics generated from the Quarterly Census of Employment and Wages program. These quarterly data series consist of gross job gains and gross job losses statistics from 1992 forward. These data help to provide a picture of the dynamic state of the labor market.
With the processing of fourth quarter 2014 BED data, BLS implemented a new statistical matching process used in the longitudinal linking of Quarterly Census of Employment and Wages (QCEW) data. Tabulations from this quarter forward will reflect this new methodology. For additional details on this new methodology, please see the article "A Simplified Approach to Administrative Record Linkage in the Quarterly Census of Employment and Wages" available at: http://www.bls.gov/osmr/pdf/st140020.pdf.
Data in this release, published on Wednesday, November 18, 2015, incorporate annual revisions to the BED series as well as historical revisions to reflect an administrative change that occurred in first quarter 2013. Annual revisions are published each year with the release of first quarter data. These revisions will cover the last four quarters of not seasonally adjusted data and five years of seasonally adjusted data.
Additionally, all historical BED series back to third quarter 1992 have been revised with the release of first quarter data, for both seasonally adjusted and not seasonally adjusted series, to incorporate an administrative change in scope. These revisions are primarily due to the reclassification of a number of establishments from private households (NAICS 814110) to services for the elderly and persons with disabilities (NAICS 624120). Private households are not within the scope of BED and, as a result, those establishments impacted by this industry reclassification are now within scope.
In the first quarter of 2015, gross job gains from opening and
expanding private sector establishments were 6.9 million. Gross
job losses from closing and contracting private sector
establishments were 6.7 million.
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Business Employment Dynamics (BDM)
Office of Employment and Unemployment
Business Employment Dynamics
2 Massachusetts Ave, NE
Washington, DC 20212-0001