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Gross Job Losses Declined in Third Quarter 2007, Allowing Net Job Gain
06/20/2008
CONTACT: Art Ayre
State Employment Economist
(503) 947-1268
Art.L.Ayre@state.or.us

 
Oregon’s private sector gained 100,856 jobs in businesses that opened or expanded between June and September of 2007. It lost 98,132 jobs in businesses that closed or contracted. The resulting net gain of 2,724 jobs in the third quarter of 2007 did not fully offset the net loss of 3,441 jobs in the second quarter.
 
The third quarter’s improvement to a net job gain was due to a reduction in the gross number of jobs lost at closing or contracting firms. Gross job gains were almost the same in the two quarters.
These data come from the Business Employment Dynamics (BED) program at the Bureau of Labor Statistics of the U.S. Department of Labor. The quarterly data stretch from the early 1990s, providing a view of the boom period of the mid-1990s, the recession of the early 2000s, and Oregon’s recovery and growth period beginning in mid-2003. BED data are not available for sub-state areas within Oregon.
 
The Oregon data show a long-term trend of declining job churn due to growing and shrinking businesses. Declining job churn is also seen in new businesses and those going out of business. This slowdown in churning is also evident in national data available at http://www.bls.gov/bdm/. In addition to all-industry data, the national figures provide an industry-by-industry view of jobs added and subtracted due to expansions, contractions, openings, and closings.
For more of Oregon’s details, go to www.qualityinfo.org/bed.
 
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