Friday, November 16, 2007
Tweet[IWS] BLS: BUSINESS EMPLOYMENT DYNAMICS: FIRST QUARTER 2007 [16 November 2007]
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 2007 [16 November 2007]
http://www.bls.gov/news.release/cewbd.nr0.htm
or
http://www.bls.gov/news.release/pdf/cewbd.pdf
[full-text, 21 pages]
From December 2006 to March 2007, the number of job gains from opening
and expanding private sector establishments was 7.5 million, and the number
of job losses from closing and contracting establishments was 7.1 million,
according to data released today by the Bureau of Labor Statistics of the
U.S. Department of Labor. (See table 3.) Over this period, firms with
1,000 or more employees accounted for the largest share of gross job gains
(16.5 percent) and firms with 1 to 4 employees had the largest share of
gross job losses (16.7 percent). (See tables D and 4.)
The Business Employment Dynamics (BED) data series include gross job gains
and gross job losses at the establishment level by major industry sector
and for the 50 states, the District of Columbia, Puerto Rico, and the Virgin
Islands, as well as gross job gains and gross job losses at the firm level
by employer size class.
The change in the number of jobs over time is the net result of increases
and decreases in employment that occur at all businesses in the economy.
BED statistics track these changes in employment at private business units
from the third month of one quarter to the third month of the next. Gross
job gains are the sum of increases in employment from expansions 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. The difference between the number of gross jobs
gained and the number of gross jobs lost is the net change in employment.
(See the Technical Note for more information.)
-------------------------------------------------------------------
| |
| Changes to Business Employment Dynamics Data |
| |
| Beginning with the release of first quarter 2007 Business |
| Employment Dynamics (BED) data, state level series are included |
| as a regular feature of the news release. |
| |
| Additionally, all historical BED series back to third quarter |
| 1992 have been revised, for both seasonally adjusted and not sea- |
| sonally adjusted series to incorporate updated and improved input |
| data. In the future, annual revisions to BED series will be pub- |
| lished each year with the release of first quarter data. Those |
| revisions will cover the last four quarters of not seasonally |
| adjusted data and 5 years of seasonally adjusted data. |
| |
| In addition, beginning with this release, BED data have been |
| revised to the 2007 North American Industry Classification System |
| (NAICS 2007). The conversion to NAICS 2007 resulted in minor |
| changes to the data. For further information on the NAICS 2007 |
| revision and its effect on BED data, see the note on page 7 and |
| the U.S. Census Bureau Web site at http://www.census.gov/epcd/ |
| naics07/index.html. |
-------------------------------------------------------------------
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----------------- 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 2007 [16 November 2007]
http://www.bls.gov/news.release/cewbd.nr0.htm
or
http://www.bls.gov/news.release/pdf/cewbd.pdf
[full-text, 21 pages]
From December 2006 to March 2007, the number of job gains from opening
and expanding private sector establishments was 7.5 million, and the number
of job losses from closing and contracting establishments was 7.1 million,
according to data released today by the Bureau of Labor Statistics of the
U.S. Department of Labor. (See table 3.) Over this period, firms with
1,000 or more employees accounted for the largest share of gross job gains
(16.5 percent) and firms with 1 to 4 employees had the largest share of
gross job losses (16.7 percent). (See tables D and 4.)
The Business Employment Dynamics (BED) data series include gross job gains
and gross job losses at the establishment level by major industry sector
and for the 50 states, the District of Columbia, Puerto Rico, and the Virgin
Islands, as well as gross job gains and gross job losses at the firm level
by employer size class.
The change in the number of jobs over time is the net result of increases
and decreases in employment that occur at all businesses in the economy.
BED statistics track these changes in employment at private business units
from the third month of one quarter to the third month of the next. Gross
job gains are the sum of increases in employment from expansions 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. The difference between the number of gross jobs
gained and the number of gross jobs lost is the net change in employment.
(See the Technical Note for more information.)
-------------------------------------------------------------------
| |
| Changes to Business Employment Dynamics Data |
| |
| Beginning with the release of first quarter 2007 Business |
| Employment Dynamics (BED) data, state level series are included |
| as a regular feature of the news release. |
| |
| Additionally, all historical BED series back to third quarter |
| 1992 have been revised, for both seasonally adjusted and not sea- |
| sonally adjusted series to incorporate updated and improved input |
| data. In the future, annual revisions to BED series will be pub- |
| lished each year with the release of first quarter data. Those |
| revisions will cover the last four quarters of not seasonally |
| adjusted data and 5 years of seasonally adjusted data. |
| |
| In addition, beginning with this release, BED data have been |
| revised to the 2007 North American Industry Classification System |
| (NAICS 2007). The conversion to NAICS 2007 resulted in minor |
| changes to the data. For further information on the NAICS 2007 |
| revision and its effect on BED data, see the note on page 7 and |
| the U.S. Census Bureau Web site at http://www.census.gov/epcd/ |
| naics07/index.html. |
-------------------------------------------------------------------
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 : 3:55 PM
