Net Job Creation by New Businesses Is Negative Once Again

The BLS Business Employment Dynamics (BED) report shows another net loss of jobs for 2025-Q3, the most recent release. From June 2025 to September 2025, gross job losses from contracting and closing private-sector establishments were 7.6 million, a decrease of 272,000 jobs from the previous quarter. Over this period, gross job gains from expanding...