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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":8.932,"unit":"percent"},{"id":"bds-44-45-2023:net-job-creation-rate","scope":"sector","sectorCode":"44-45","sectorName":"Retail trade","year":2023,"firms":579638,"establishments":980272,"employment":16068436,"establishmentEntryRate":7.924,"establishmentExitRate":7.132,"jobCreationRate":9.257,"jobDestructionRate":8.932,"netJobCreationRate":0.326,"reallocationRate":17.863,"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=44-45","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":0.326,"unit":"percent"},{"id":"bds-44-45-2023:reallocation-rate","scope":"sector","sectorCode":"44-45","sectorName":"Retail trade","year":2023,"firms":579638,"establishments":980272,"employment":16068436,"establishmentEntryRate":7.924,"establishmentExitRate":7.132,"jobCreationRate":9.257,"jobDestructionRate":8.932,"netJobCreationRate":0.326,"reallocationRate":17.863,"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=44-45","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":17.863,"unit":"percent"}]}