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Table 1 The recent decline in employment dynamics, 1998-2010*

From: The recent decline in employment dynamics

Measure Definition Source Rate in 1998* Rate in 2010 Proportionate decline
Hires New employer-employee matches LEHD 28.1% 18.7% −38%
JOLTS* 14.1% 10.6% −28%
CPS 19.4% 17.3% −11%
Separations Ending employer-employee matches LEHD 26.6% 18.5% −36%
JOLTS* 14.3% 10.1% −34%
CPS 19.1% 17.2% −10%
Job creation Employment growth at new and expanding establishments LEHD 7.7% 5.5% −33%
BED 8.3% 6.6% −23%
Job destruction Employment decline at contracting and exiting establishments LEHD 6.4% 5.1% −23%
BED 7.6% 6.1% −22%
Job-to-job flows Direct worker movements between employers LEHD 9.9% 6.1% −47%
CPS 7.9% 4.6% −53%
  1. Notes: LEHD data on hires, separations, job creation, and job destruction for 30 states were downloaded from the Cornell Virtual RDC. LEHD data on job-to-job flows are from Hyatt and McEntarfer (2012b). JOLTS national monthly data were downloaded from the BLS website and converted to a quarterly frequency. BED national data were downloaded from the BLS website. CPS national monthly data were downloaded from the Federal Reserve website and converted to a quarterly frequency. 1998 refers to 1998:Q2, 2010 to 2010:Q4, except for JOLTS data, as noted below. All data are seasonally adjusted. Proportionate declines from date A to B are calculated according to 100*(B-A)/((A+B)/2).
  2. * Due to data availability, the initial JOLTS rate refers to 2001:Q1 rather than 1998:Q2.