U.S. Yearly Job Losses as Share of Total Employment

U.S. Yearly Job Losses as Share of Total Employment

Proof Point

Annual U.S. job losses through establishment closures, contractions and mass layoffs, as percent of total employment, declined from 7.3% in 1993 to 5.7% in 2015

U.S. Yearly Job Losses as Share of Total Employment

1993 – 2015

Proof Point Findings

  • Job Losses – Percent of employees in private establishments that lost their jobs through establishment closures, contractions, and mass layoffs
  • Drop in Unemployment – Total annual job losses as share of total employment in U.S. gradually declined in two decades from 7.3% in 1993 to 5.7% in 2015
  • Temporary Increases – Job losses went up temporarily during 2001 and 2008 recessions in U.S., reaching peak of 7.8% in 2001 and 7.1% in 2009
  • Key Drivers – Include declining number of employees leaving their jobs, regaining global trade competitiveness, country economic stability, and use of technology-enabled innovations to both eliminate and create new jobs

Accelerator

Market Disruption

Sector

Cross-sector

Source

Date Last Updated

May 27, 2017

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