Tuesday, November 30, 2004
Tweet[IWS] BLS: BUSINESS EMPLOYMENT DYNAMICS: FIRST QUARTER 2004 [30 November 2004]
IWS Documented News Service
_______________________________
Institute for Workplace Studies Professor Samuel B. Bacharach
School of Industrial & Labor Relations Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor Stuart Basefsky
New York, NY 10016 Director, IWS News Bureau
________________________________________________________________________
BUSINESS EMPLOYMENT DYNAMICS: FIRST QUARTER 2004 [30 November 2004]
http://www.bls.gov/news.release/cewbd.nr0.htm
or
http://www.bls.gov/news.release/pdf/cewbd.pdf
[full-text, 11 pages]
From December 2003 to March 2004, the number of job gains from opening
and expanding establishments was 7.7 million, and the number of job losses
from closing and contracting establishments was 7.3 million, according to
preliminary data released today by the Bureau of Labor Statistics of the
U.S. Department of Labor. During the first quarter of 2004, gross job gains
exceeded gross job losses in both the goods-producing and service-providing
sectors.
Business Employment Dynamics statistics are derived from the Quarterly
Census of Employment and Wages (QCEW), also known as the ES-202 program.
Gross job gains are defined as increases in employment resulting from
expansions of employment at existing establishments or from the opening of
establishments. Gross job losses are defined as declines in employment at
existing establishments or from the closing of establishments. The
difference between the number of gross jobs gained and the number of gross
jobs lost is the net change in employment.
Private Sector Gross Job Gains and Job Losses
Opening and expanding private sector business establishments gained
7.7 million jobs in the first quarter of 2004, or 99,000 more than in the
fourth quarter of 2003. Over the quarter, expanding establishments added
6.2 million jobs, while opening establishments added 1.5 million.
Gross job losses totaled 7.3 million in the first quarter of 2004, up by
8,000 from the fourth quarter of 2003. Before this slight increase, gross
job losses had been trending down since the third quarter of 2001. In the
first quarter of 2004, contracting establishments lost 5.9 million jobs,
while closing establishments accounted for a loss of 1.4 million jobs.
(See tables A, 1, and 3.)
From December 2003 to March 2004, gross job gains and gross job losses
represented 7.2 and 6.8 percent, respectively, of private sector
employment, unchanged from the previous quarter. (See tables A and 2.)
These gross job gain and loss statistics demonstrate that a sizable number
of jobs appear and disappear in the relatively short time frame of one
quarter.
AND MUCH MORE...including TABLES....
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky *
Director, IWS News Bureau *
Institute for Workplace Studies *
Cornell/ILR School *
16 E. 34th Street, 4th Floor *
New York, NY 10016 *
*
Telephone: (607) 255-2703 *
Fax: (607) 255-9641 *
E-mail: smb6@cornell.edu *
****************************************
_______________________________
Institute for Workplace Studies
School of Industrial & Labor Relations
Cornell University
16 East 34th Street, 4th floor
New York, NY 10016
________________________________________________________________________
BUSINESS EMPLOYMENT DYNAMICS: FIRST QUARTER 2004 [30 November 2004]
http://www.bls.gov/news.release/cewbd.nr0.htm
or
http://www.bls.gov/news.release/pdf/cewbd.pdf
[full-text, 11 pages]
From December 2003 to March 2004, the number of job gains from opening
and expanding establishments was 7.7 million, and the number of job losses
from closing and contracting establishments was 7.3 million, according to
preliminary data released today by the Bureau of Labor Statistics of the
U.S. Department of Labor. During the first quarter of 2004, gross job gains
exceeded gross job losses in both the goods-producing and service-providing
sectors.
Business Employment Dynamics statistics are derived from the Quarterly
Census of Employment and Wages (QCEW), also known as the ES-202 program.
Gross job gains are defined as increases in employment resulting from
expansions of employment at existing establishments or from the opening of
establishments. Gross job losses are defined as declines in employment at
existing establishments or from the closing of establishments. The
difference between the number of gross jobs gained and the number of gross
jobs lost is the net change in employment.
Private Sector Gross Job Gains and Job Losses
Opening and expanding private sector business establishments gained
7.7 million jobs in the first quarter of 2004, or 99,000 more than in the
fourth quarter of 2003. Over the quarter, expanding establishments added
6.2 million jobs, while opening establishments added 1.5 million.
Gross job losses totaled 7.3 million in the first quarter of 2004, up by
8,000 from the fourth quarter of 2003. Before this slight increase, gross
job losses had been trending down since the third quarter of 2001. In the
first quarter of 2004, contracting establishments lost 5.9 million jobs,
while closing establishments accounted for a loss of 1.4 million jobs.
(See tables A, 1, and 3.)
From December 2003 to March 2004, gross job gains and gross job losses
represented 7.2 and 6.8 percent, respectively, of private sector
employment, unchanged from the previous quarter. (See tables A and 2.)
These gross job gain and loss statistics demonstrate that a sizable number
of jobs appear and disappear in the relatively short time frame of one
quarter.
AND MUCH MORE...including TABLES....
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 6:11 PM
