Gross Job Gains Exceeded Gross Job Losses in Q1 2019

According to the Bureau of Labor Statistics (BLS), gross job gains exceeded gross job losses in 10 of 13 industries in the first quarter of 2019. The service-providing industries experienced a net job increase of 414,000 jobs in the first quarter of 2019. Within service-providing industries, education and health services had the largest over-the-quarter net job increase, with a gain of 152,000 jobs.

The goods-producing industries experienced a net job increase of 111,000 jobs in the first quarter of 2019. Of the goods-producing industries, construction experienced a net increase of 84,000 jobs, manufacturing added 26,000 jobs, and natural resources and mining showed a net gain of 1,000 jobs. Gross job gains from opening and expanding private-sector establishments were 7.4 million, a decrease of 393,000 jobs from the previous quarter. Gross job losses from closing and contracting private-sector establishments were 6.9 million, a decrease of 107,000 jobs from the previous quarter.

BLS, U.S. Department of Labor, The Economics Dailyhttps://www.bls.gov/opub/ted/2019/gross-job-gains-exceeded-gross-job-losses-in-10-industries-over-the-quarter-ending-march-2019.htm