November 23, 2009
In the first quarter of 2009, the difference between the number of gross jobs gained and the number of gross jobs lost yielded a net loss of 2,740,000 jobs in the private sector. This is the largest quarterly net loss since this data series began in 1992.
The number of job gains from opening and expanding private sector establishments was 5.7 million in the first quarter of 2009, the lowest level since the series began.
The number of job losses from closing and contracting establishments was 8.5 million in the first quarter of 2009.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Gross job gains and losses in the first quarter of 2009 on the Internet at http://www.bls.gov/opub/ted/2009/ted_20091123.htm (visited July 30, 2014).
This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy. Read more »