Gross Job Gains and Gross Job Losses, by Size of Employment
Change: 1992-2007
BED size of employment change data also highlight several facts
about the trends of gross job gains and gross job losses over the
business cycle. The jobs gained and lost by the relatively few
establishments that are changing their employment level by many
jobs exhibit much stronger cyclical variation than the jobs
gained and lost by the large number of establishments that are
changing their size by just a few jobs. The decline in gross job
gains and the increase in gross job losses that occurred during
the 2001 recession are most obvious in the establishments that
gained or lost 20 or more jobs . The quarterly gross job gains fell
from 8.5 million in the first quarter of 2001 to 7.6 million in the
fourth quarter of 2001. Sixty-one percent of this decline is
attributable to establishments that gain 20 or more jobs. The quarterly
gross job losses rose from 8.1 million in the fourth quarter of 2000
to 8.8 million in the third quarter of 2001. Sixty-five percent of
this increase is attributable to establishments that lose 20 or more
jobs.
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