Wednesday, January 29, 2014
Tweet[IWS] BLS: BUSINESS EMPLOYMENT DYNAMICS: SECOND QUARTER 2013 [29 January 2014]
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
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BUSINESS EMPLOYMENT DYNAMICS: SECOND QUARTER 2013 [29 January 2014]
http://www.bls.gov/news.release/cewbd.nr0.htm
or
http://www.bls.gov/news.release/pdf/cewbd.pdf
[full-text, 17 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/cewbd.supp.toc.htm
From March 2013 to June 2013 gross job gains from opening and expanding
private sector establishments were 7.1 million, the U.S. Bureau of
Labor Statistics reported today. Over this period, gross job losses
from closing and contracting private sector establishments were 6.5
million, an increase of 191,000 from the previous quarter. (See box
note on page 3.)
The difference between the number of gross job gains and the number of
gross job losses yielded a net employment gain of 666,000 jobs in the
private sector during the second quarter of 2013. (See table 1.)
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. Business Employment Dynamics (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 job gains and the number of gross job losses is the net change
in employment. (See the Technical Note for more information.)
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| Corrections to Business Employment Dynamics (BED) Data |
| |
|Following normal processing procedures, annual revisions were published |
|with the release of first quarter 2013 data. These annual revisions |
|should have included updates to the BED establishment birth and death |
|data series, but they were not updated due to a production error. For |
|this reason, the BED birth and death data are revised with this release.|
|These revisions cover all four quarters of 2012 for not seasonally |
|adjusted data and the previous five years of seasonally adjusted data. |
|Table 8 is updated with this release along with the birth and death data|
|at the national industry level. These data are available at |
| http://www.bls.gov/bdm/bdmind.htm and the state total private data are |
|available at http://www.bls.gov/bdm/bdmstate.htm
|
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AND MUCH MORE...including TABLES...
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