Wednesday, January 29, 2014

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[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

________________________________________________________________________

 

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.)

 

------------------------------------------------------------------------

|        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

 

                       |

------------------------------------------------------------------------

 

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.

 




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