Job Losses and Gains VisualizedBy
Ahead of Friday’s unemployment report, I wanted to take a look at how the job gains and losses of small firms compares to midsize and large firms. Using data from the Bureau of Labor Statistics’ Business Employment Dynamics and the visualization tool ManyEyes, I built the chart embedded below. It only has data through the end of 2008, at which point large employers were leading the job losses with more than 1.3 million shed that year, compared to 700,000 for midsize businesses, and 1 million for small businesses. (Here small is under 50 employees, midsize is 50-500 and large is over 500. All job losses are measured in thousands.)
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