How are the rates for gross job gains and losses calculated?
Gross job gains and gross job losses are expressed as rates by dividing their levels by the average of total private employment in the current and previous quarters. This provides a symmetric growth rate. The rates are calculated for the components of gross job gains and gross job losses and then summed to form their respective totals. These rates can be added and subtracted just as their levels can. For instance, the difference between the gross job gains rate and the gross job loss rate is the net growth rate.
