Number of US Jobs Finally Increases

Recent findings by the Bureau of Labor Statistics show that the number of new jobs created in the US has been increasing since last summer. From March to June of 2010 the number of gross job gains from opening and expanding private sector establishments, increased to 6.9 million.

But here's the rub: over that same period, gross job losses from closing and contracting private sector establishments were 6.2 million, meaning there are only an additional 700,000 jobs out there. Still, job losses have steadily decreased from a recent high of 8.5 million in December 2008 to the lowest level since the series began in September 1992.