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Work Force Development

Nov. 1 – Private-Sector Business Unit Stats for 4th Qtr. of 2016 released

Dublin Business Journal Staff Report

November 1, 2017 – The Georgia Dept. of Labor has released the latest data available on the growth of new businesses.  From Sept. 2016 to Dec.2016, gross job gains from opening and expanding private-sector  establishments were 7.5 million, a decrease of 185,000 jobs over the previous quarter, the U.S. Bureau of Labor  Statistics has reported.

Over this period, gross job losses from closing and contracting private-sector  establishments were 7.1 million, an increase of 127,000 jobs from the previous quarter. The difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 376,000 jobs in the private-sector during the fourth quarter of 2016. 

The change in the number of jobs over time is the net result of increases and decreases in employment

that occur at all private businesses in the economy. Business Employment Dynamics (BED) statistics

track these changes in employment at private-sector establishments from the third month of one quarter to the third month of the next. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See Technical Note.) The BED data series include  gross job gains and gross job losses by industry subsector, for the 50 states, the District of Columbia,  Puerto Rico, and the Virgin Islands, as well as gross job gains and gross job losses at the firm level by  employer size class.

Gross Job Gains

In the fourth quarter of 2016, gross job gains represented 6.2 percent of private-sector employment.

Gross job gains are the sum of increases in employment due to expansions at existing establishments and the addition of new jobs at opening establishments. Gross job gains at expanding establishments totaled  6.0 million in the fourth quarter of 2016, a decrease of 191,000 compared to the previous quarter.  Opening establishments accounted for 1.4 million of the jobs gained in the fourth quarter of 2016, an increase of 6,000 jobs from the previous quarter.

Gross Job Losses

In the fourth quarter of 2016, gross job losses represented 5.8 percent of private-sector employment.

Gross job losses are the result of contractions in employment at existing establishments and the loss of

jobs at closing establishments. Contracting establishments lost 5.7 million jobs in the fourth quarter of

2016, a decrease of 6,000 jobs from the prior quarter. In the fourth quarter of 2016, closing

establishments lost 1.4 million jobs, an increase of 121,000 jobs from the previous quarter.

Establishment Births and Deaths

In the fourth quarter of 2016, the number of establishment births increased by 8,000, to a total of 246,000 establishments. Thesenew establishments accounted for 919,000 jobs, an increase of 53,000 jobs from the previous quarter.

Data for establishment deaths (a subset of the closings data) are available through the first quarter of

2016, when 667,000 jobs were lost at 204,000 establishments.

Industries

Gross job gains exceeded gross job losses in 8 of 13 industries in the fourth quarter of 2016. The

service-providing industries experienced a net job increase of 371,000 jobs in the fourth quarter of 2016.  Within service-providing industries, transportation and warehousing had the largest over-the-quarter net job increase, with a gain of 154,000 jobs. The net job increase in transportation and warehousing was the

result of 386,000 gross job gains and 232,000 gross job losses. The goods-producing industries

experienced a net job increase of 5,000 jobs in the fourth quarter of 2016. Among the goods-producing

industries, a net gain of 14,000 jobs in manufacturing and a net gain of 12,000 jobs in construction offset

the 21,000 net job losses in natural resources and mining.

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