Skip to main content

Table 6 Growth comparison of shutting down and continuing firms

From: Industry shutdown rates and permanent layoffs: evidence from firm-worker matched data

 

Shutting down in t

 

Continuing in t

 

Mean

Median

 

Mean

Median

 

t/t−1

t−1/t−2

t−2/t−3

t/t−1

t−1/t−2

t−2/t−3

 

t/t−1

t−1/t−2

t−2/t−3

t/t−1

t−1/t−2

t−2/t−3

Crops and animal prod.

−6.4

23.2

23.5

−22.3

−4.7

−3.0

 

11.0

12.2

33.4

−2.2

−2.3

−1.0

Forestry, fishing, etc.

−1.7

34.3

42.5

−37.7

−7.9

−3.8

 

12.3

13.7

29.3

−3.7

−3.3

−2.0

Oil and gas

8.9

39.6

126.5

−30.2

−2.1

4.3

 

25.4

33.3

63.8

−0.8

0.6

2.6

Mining (except oil and gas)

−21.0

17.3

55.0

−54.1

−4.8

−3.2

 

20.2

20.1

39.1

1.6

1.4

2.8

Support for mining

−13.6

59.2

156.1

−41.0

−5.3

3.4

 

32.4

32.6

68.3

−0.6

1.9

7.3

Utilities

−23.0

40.1

41.5

−33.7

−1.8

5.8

 

28.3

28.7

76.9

1.2

1.7

3.6

Construction

−1.9

46.5

94.2

−40.4

−4.4

3.5

 

26.6

26.2

131.7

1.7

2.9

5.3

Food, beverage, etc.

31.5

5.2

40.8

−47.6

−7.3

0.1

 

11.3

12.9

31.5

0.4

0.2

2.9

Textile, etc.

−35.4

170.4

34.2

−48.5

−11.7

−3.9

 

24.9

12.6

25.9

−4.1

−2.2

−0.2

Clothing, etc.

−33.5

4.4

44.3

−55.0

−13.2

−5.3

 

6.4

11.2

22.7

−5.8

−3.6

−2.4

Wood

309.6

24.0

175.0

−50.0

−9.2

−2.1

 

6.2

10.7

30.7

−1.5

0.9

3.1

Paper

−44.2

−0.4

23.2

−51.0

−8.9

1.8

 

3.3

3.3

28.9

−2.8

−1.3

2.8

Printing, etc.

−9.8

28.2

60.5

−45.7

−8.1

−4.3

 

10.4

12.9

23.6

−4.1

−1.7

−0.9

Petroleum and coal

−7.0

11.1

33.4

−44.5

4.3

5.8

 

13.0

12.9

20.4

2.5

1.8

2.1

Chemical prod.

−37.2

9.2

40.3

−48.6

−4.0

−2.8

 

6.7

12.1

29.9

−1.0

0.2

0.6

Plastic and rubber

−31.9

0.6

70.6

−51.6

−6.8

−0.3

 

31.1

8.3

28.8

−0.6

1.0

3.1

Non-metallic

−31.3

31.9

40.1

−45.4

−9.9

−4.6

 

18.7

19.6

26.8

0.8

1.5

3.1

Primary metals

−43.1

−1.2

70.8

−47.2

−9.6

1.6

 

10.2

12.0

29.3

−0.8

2.0

2.8

Fabricated metal

−24.6

1.2

38.8

−47.1

−7.4

−1.0

 

11.8

17.7

34.2

0.7

1.7

2.0

Machinery

−17.9

6.0

62.7

−49.6

−9.7

−3.5

 

12.8

15.0

33.6

−0.9

0.6

2.6

Computers, etc.

−30.8

−3.0

30.3

−47.3

−10.1

−6.1

 

9.1

14.5

60.8

0.1

−0.2

0.7

Electrical equipment, etc.

−31.5

4.3

23.7

−41.6

−7.6

2.9

 

658.5

659.1

675.7

2.4

1.9

4.0

Vehicles

−33.0

10.5

93.2

−47.9

−6.7

−1.9

 

7.6

11.6

143.0

−1.9

0.4

1.1

Furniture

−26.9

7.6

45.8

−48.8

−6.9

−1.3

 

9.6

12.9

32.7

−0.5

1.3

2.3

Miscelleneous manufacturing

−31.3

−7.5

52.2

−45.3

−6.9

−2.2

 

8.4

12.0

33.3

−0.1

1.1

1.8

Wholesale

−26.0

305.2

547.3

−44.1

−7.1

−1.9

 

34.3

17.0

31.4

−0.8

0.3

1.5

Retail

−7.6

7.6

49.9

−45.4

−4.4

0.4

 

54.6

57.2

89.3

0.6

1.4

2.7

Air transport, etc.

−19.9

20.8

54.0

−40.9

−5.9

0.9

 

22.8

24.2

49.9

1.2

2.5

3.9

Truck

−18.6

25.5

56.4

−42.6

−4.8

0.2

 

36.6

64.5

42.7

−0.1

0.4

2.1

Transit

−0.9

44.1

56.8

−37.3

−4.5

−1.1

 

21.3

25.1

44.3

0.6

−0.1

1.5

Pipeline

−38.8

21.3

29.2

−53.2

−13.0

−17.2

 

35.8

56.9

93.2

−1.3

1.5

5.9

Warehousing

−17.1

38.2

45.8

−38.1

−4.0

6.5

 

16.3

21.4

60.6

−2.7

2.6

7.2

Information, etc.

−25.6

10.0

55.1

−40.9

−7.8

0.6

 

17.1

14.4

49.1

−0.1

−1.0

2.6

Motion pics

−5.2

28.5

241.4

−35.1

−6.8

−3.9

 

28.6

44.3

48.9

0.0

−1.6

−1.8

Broadcasting

−24.9

31.2

176.5

−43.5

−3.0

4.1

 

19.4

27.8

62.8

0.1

2.9

4.4

Finance, etc.

123.2

25.1

52.9

−29.2

−4.2

−1.0

 

17.6

19.2

36.5

0.3

0.0

1.0

Professional, etc.

−12.9

105.1

55.8

−38.0

−5.1

0.1

 

122.8

121.5

130.7

−0.5

0.4

2.6

Admin, etc.

179.2

82.9

85.7

−37.7

−4.3

0.2

 

38.5

51.9

142.1

1.0

1.7

3.0

Waste management

−12.4

21.1

37.6

−45.6

−4.4

0.3

 

15.3

18.8

38.0

1.8

3.6

5.4

Arts, etc.

−17.5

17.4

68.8

−33.7

−5.0

−0.1

 

15.0

16.8

53.2

0.2

0.7

2.4

Accommodations, etc.

−24.6

10.3

64.9

−44.5

−6.3

−1.0

 

10.9

12.3

46.6

−0.9

−0.5

1.4

Other services

−27.4

10.2

65.7

−40.9

−3.7

0.7

 

8.4

10.3

41.9

−1.2

−1.0

0.5

All

58.6

52.8

84.8

−39.8

−4.8

−0.3

 

35.2

35.9

72.9

−0.5

0.1

1.7

  1. Note: This table provides a comparison between shutting down firms in year t with continuing firms. For these two groups of firms, the table provides the median and average employment growth in 3 years prior to firm shutdown in the former group