AT A GLANCE

  • There was a net employment gain of 199,000 jobs in the private sector in Q3 of 2012
  • Forecasting for 2013 shows job gains to remain relatively steady, with slight increases in total job losses
  • North Dakota had the highest gains in employment through the 3rd quarter of 2012, but was the lowest in number of private business establishments

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June 01, 2013

A Closer Look at Changes in Private-Sector Employment (Q3-2011 to Q3-2012)

The change in the number of jobs over time is the net result of increases and decreases in employment at businesses. The Business Employment Dynamics (BED) statistic tracks these changes at private businesses. Gross job gains are the sum of increases in employment from expansions at existing private businesses and the addition of new jobs at new private businesses.  In the third quarter of 2012 (the most recent data available from the Bureau of Labor Statistics) gross job gains in the private sector were 6.8 million. Gross job losses from closing and contracting businesses were 6.6 million. This yields a net employment gain of 199,000 jobs in the private sector in Q3 of 2012. Forecasting for 2013 shows job gains to remain relatively steady, with slight increases in total job losses. 

Private Sector Employment

Private Sector Employment

Private Sector Firms (1-49 employees)

Private Sector Firms (1-49 employees)

Private firms with an employee base of 1-49 employees are forecasted to find a net increase until Q1 of 2013, whereas Q1 and Q3 are expected to have a deficit in job gains. 

Private Sector Firms (50-249 employees)

Private Sector Firms (50-249 employees)

*(F) indicates Forecasting

Private firms with 50 to 249 employees will remain strong in terms of employment throughout 2013. The projection for the year indicates a net increase in employment, where job gains exceed job losses.

Private Sector Firms (250 or more employees)

*(F) indicates Forecasting

Large private sector businesses will see a net increase in employment during the first half of the year though it will slow down to a deficit in net gain of employment by the end of 2013. 

Gains by State

North Dakota had the highest gains in employment through the third quarter of 2012, but was the lowest in number of private business establishments. Among the top ten states in employment gains, California, Florida and Texas contributed almost 79% of private businesses and 76.38% of employment. 

Gain by State

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