Thursday, August 16, 2007

Gross and net jobs 

The Business Employment Dynamics report from the Bureau of Labor Statistics shows that we netted 516,000 jobs in the fourth quarter of last year, about 15,000 less than reported by the last payroll survey. More goods-producing firms contracted employment than expanded, with losses in both manufacturing and construction. Professional and business services continue to do well. Not much in there, but it's another check on the jobs data.