The recent decline in employment dynamics

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

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%
Job creation	Employment growth at new and expanding establishments	BED	8.3%	6.6%	−23%
Job destruction	Employment decline at contracting and exiting establishments	LEHD	6.4%	5.1%	−23%
Job destruction		BED	7.6%	6.1%	−22%
Job-to-job flows	Direct worker movements between employers	LEHD	9.9%	6.1%	−47%
Job-to-job flows	Direct worker movements between employers	CPS	7.9%	4.6%	−53%

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).
* Due to data availability, the initial JOLTS rate refers to 2001:Q1 rather than 1998:Q2.