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.
NOTE: Changes to Business Employment Dynamics (BED) Data - Data in the next release, published on Wednesday, November 19, 2014, will incorporate annual revisions to the BED series. 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.
NOTE: First quarter 2013 data were affected by an administrative change to the count of establishments in the education and health services industry. A review of the administrative data from which the BED data are derived revealed that certain establishments that provide non-medical, home-based services for the elderly and persons with disabilities had been misclassified in the private households industry (NAICS 814110), which is out of scope for the BED. These establishments are now in scope and are classified in services for the elderly and persons with disabilities (NAICS 624120.) This non-economic industry code change artificially inflates the data for gross job gains, openings, births, and the net employment change for the following data series: national total private, state total private, the education and health services sector, and firm size class.
July 30, 2014
In the fourth quarter of 2013, gross job gains from opening and
expanding private sector establishments were 7.3 million. Gross
job losses from closing and contracting private sector
establishments were 6.5 million.
Business Employment Dynamics (BDM)
Office of Employment and Unemployment
Business Employment Dynamics
2 Massachusetts Ave, NE
Washington, DC 20212-0001