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The BLS Reports Employment in the Second Quarter Fell By 287 Thousand – Mish Talk

The BLS Reports Employment in the Second Quarter Fell By 287 Thousand – Mish Talk

Please consider the Business Employment Dynamics Summary for the second quarter of 2022.

Key Points

  • From March 2022 to June 2022, gross job gains from opening and expanding private-sector establishments were 8.3 million, a decrease of 185,000 jobs from the previous quarter.
  • Private-sector establishments were 8.5 million, an increase of 1.6 million 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 loss of 287,000 jobs in the private sector during the second quarter of 2022.

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