WASHINGTON – Opening and expanding private sector businesses gained 7.4 million jobs in the third quarter of 2006 according to government statistics.
Data from Business Employment Dynamics, collected by the Bureau of Labor Statistics (BLS), noted that this is a decrease of 397,000 jobs in the same time period of the previous year.
Established expanding businesses added 6.0 million jobs, while new businesses added 1.4 million jobs.
Gross job losses totaled 7.3 million from June 2006 to September 2006, an increase of 50,000 from the previous quarter.
Contracting establishments lost 6.0 million jobs, while closing establishments lost 1.3 million jobs.
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