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They do not measure concentration, market power, legal antitrust markets, or the competitive cause of entry, exit, creation, or destruction.","metricId":"job-destruction-rate","metricLabel":"Job destruction rate","metricDescription":"Gross job losses from closing and contracting establishments relative to the BDS employment denominator.","value":11.503,"unit":"percent"},{"id":"bds-81-2023:net-job-creation-rate","scope":"sector","sectorCode":"81","sectorName":"Other services except public administration","year":2023,"firms":669776,"establishments":742030,"employment":5677219,"establishmentEntryRate":9.993,"establishmentExitRate":8.146,"jobCreationRate":15.133,"jobDestructionRate":11.503,"netJobCreationRate":3.63,"reallocationRate":23.006,"sourceId":"census-business-dynamics-2023","sourceTitle":"2023 Business Dynamics Statistics","sourcePublisher":"U.S. Census Bureau","sourceUrl":"https://www.census.gov/programs-surveys/bds/data.Datasets.html","sourceProfileHref":"/sources/census-business-dynamics-2023","observatoryHref":"/economy/dynamism?sector=81","guardrail":"Business Dynamics Statistics measure establishment, firm, and job flows within published national and NAICS-sector universes. They do not measure concentration, market power, legal antitrust markets, or the competitive cause of entry, exit, creation, or destruction.","metricId":"net-job-creation-rate","metricLabel":"Net job creation rate","metricDescription":"The difference between gross job creation and destruction rates in the BDS universe.","value":3.63,"unit":"percent"},{"id":"bds-81-2023:reallocation-rate","scope":"sector","sectorCode":"81","sectorName":"Other services except public administration","year":2023,"firms":669776,"establishments":742030,"employment":5677219,"establishmentEntryRate":9.993,"establishmentExitRate":8.146,"jobCreationRate":15.133,"jobDestructionRate":11.503,"netJobCreationRate":3.63,"reallocationRate":23.006,"sourceId":"census-business-dynamics-2023","sourceTitle":"2023 Business Dynamics Statistics","sourcePublisher":"U.S. Census Bureau","sourceUrl":"https://www.census.gov/programs-surveys/bds/data.Datasets.html","sourceProfileHref":"/sources/census-business-dynamics-2023","observatoryHref":"/economy/dynamism?sector=81","guardrail":"Business Dynamics Statistics measure establishment, firm, and job flows within published national and NAICS-sector universes. They do not measure concentration, market power, legal antitrust markets, or the competitive cause of entry, exit, creation, or destruction.","metricId":"reallocation-rate","metricLabel":"Excess job reallocation rate","metricDescription":"Job creation plus job destruction minus the absolute net job creation rate, measuring reallocation beyond the amount required by the net employment change.","value":23.006,"unit":"percent"}]}