August 4, 2011 (The Editor’s Desk is updated each business day.)
Job gains and losses by firm size, fourth quarter 2010
From September to December 2010 the number of gross job gains from opening and expanding private sector establishments increased, while the number of gross job losses from closing and contracting private sector establishments was essentially unchanged.
[Chart data]
In the fourth quarter of 2010, large firms (those with 250 or more employees) experienced the largest quarter of gross job gains, 1,706,000, since December 2007. Gross job losses at large firms were 1,355,000 in the fourth quarter of 2010. The net employment gain among large firms (351,000) is the largest in this size class since September 2005. Firms with 250 or more employees accounted for 72.8 percent of total net job gains in the fourth quarter of 2010.
[Chart data]
Firms with between 50 and 249 employees experienced gross job gains of 1,025,000 and gross job losses of 939,000 in the fourth quarter of 2010, resulting in net job gains of 86,000.
Job gains at firms with fewer than 50 employees were 2,996,000, and job losses were 2,951,000; the net job gain at these firms was 45,000.
These data are from the Business Employment Dynamics program. To learn more, see "Business Employment Dynamics – Fourth Quarter 2010" (HTML) (PDF), news release USDL-11-1149.
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