The recent decline in employment dynamics

Table 2 Hires and separations decomposition by individual and business characteristics 2001:Q1 – 2010:Q4, LEHD, JOLTS, and CPS quarterly data

	LEHD Hires	LEHD Separations	JOLTS Hires	JOLTS Separations	CPS Hires	CPS Separations
2001:Q1	.276	.266	.141	.143	.199	.204
2010:Q4	.187	.185	.106	.101	.173	.172
Change	-.089	-.081	-.035	-.042	-.026	-.032
% of decline explained by
Worker age	12.6%	11.2%			23.3%	15.0%
Gender	0.2%	0.2%			−0.3%	−0.3%
Race - ethnicity	−1.8%	−1.7%
Education	−0.4%	−0.4%			23.2%	25.4%
Industry	−6.3%	−5.8%	−2.6%	−1.4%	−4.4%	−3.5%
Firm size	2.4%	2.3%
Estab size			−0.7%	−0.7%
Firm age	8.4%	7.5%

Notes: LEHD data for 30 states were downloaded from the Cornell Virtual RDC. JOLTS national monthly data by industry were downloaded from the BLS website and converted to a quarterly frequency. JOLTS national monthly data by establishment size are available upon request from BLS. CPS national monthly data were downloaded from the Federal Reserve website and converted to a quarterly frequency. CPS data by demographic and business characteristics were provided by Bruce Fallick. All data are seasonally adjusted.