The recent decline in employment dynamics

Table 7 Gross worker flows and job-to-job flows

	1998:Q2	2010:Q4	Change	Percent of H+S Change
CPS
H+S	.385	.345	-.040
In+Out	.227	.253	.026	−65%
2*Job-to-Job	.158	.092	-.066	165%
LEHD
H+S	.547	.372	-.175
In+Out	.114	.093	-.021	12.0%
2*Job-to-Job	.198	.122	-.076	43.4%
Secondary and short duration job activity	.235	.157	-.078	44.6%

Notes: CPS national monthly data were downloaded from the Federal Reserve website and converted to a quarterly frequency. LEHD data for 30 states were downloaded from the Cornell Virtual RDC to create rates of hires and separations. LEHD job-to-job flows data are from Hyatt and McEntarfer (2012b). LEHD inflow and outflow rates were calculated as a special tabulation from the job-to-job flows database. All data are seasonally adjusted.