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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":14.829,"unit":"percent"},{"id":"bds-56-2023:net-job-creation-rate","scope":"sector","sectorCode":"56","sectorName":"Administrative and support and waste management and remediation services","year":2023,"firms":318217,"establishments":390472,"employment":11933228,"establishmentEntryRate":12.905,"establishmentExitRate":11.833,"jobCreationRate":13.743,"jobDestructionRate":14.829,"netJobCreationRate":-1.087,"reallocationRate":27.485,"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=56","guardrail":"Business Dynamics Statistics measure establishment, firm, and job flows within published national and NAICS-sector universes. 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