August 19, 2008
From September to December 2007, the number of job gains from opening and expanding private sector establishments was 7.7 million, and the number of job losses from closing and contracting establishments was 7.3 million.
Opening and expanding private sector business establishments gained 7.7 million jobs in the fourth quarter of 2007, an increase of 401,000 from the previous quarter. Over the quarter, expanding establishments added 6.2 million jobs while opening establishments added 1.4 million jobs.
Gross job losses totaled 7.3 million, a decrease of 151,000 from the previous quarter. During the quarter, contracting establishments lost 6.0 million jobs, while closing establishments lost 1.3 million jobs.
From September to December 2007, gross job gains represented 6.8 percent of private sector employment, while gross job losses represented 6.5 percent of private sector employment.
These data are from Business Employment Dynamics. Data presented here are for workers in private industry covered by State unemployment insurance programs. Find more in "Business Employment Dynamics: Fourth Quarter 2007," (PDF) (HTML) news release USDL 08–1141. Gross job gains are the sum of increases in employment from expansions in employment at existing units and the addition of new jobs at opening units. Gross job losses are the result of contractions in employment at existing units and the loss of jobs at closing units.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Gross job gains and losses: fourth quarter 2007 on the Internet at http://www.bls.gov/opub/ted/2008/aug/wk3/art02.htm (visited May 25, 2015).
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.