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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":10.165,"unit":"percent"},{"id":"bds-71-2023:net-job-creation-rate","scope":"sector","sectorCode":"71","sectorName":"Arts, entertainment, and recreation","year":2023,"firms":118288,"establishments":133247,"employment":2471289,"establishmentEntryRate":13.716,"establishmentExitRate":10.45,"jobCreationRate":18.049,"jobDestructionRate":10.165,"netJobCreationRate":7.884,"reallocationRate":20.33,"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=71","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":7.884,"unit":"percent"},{"id":"bds-71-2023:reallocation-rate","scope":"sector","sectorCode":"71","sectorName":"Arts, entertainment, and recreation","year":2023,"firms":118288,"establishments":133247,"employment":2471289,"establishmentEntryRate":13.716,"establishmentExitRate":10.45,"jobCreationRate":18.049,"jobDestructionRate":10.165,"netJobCreationRate":7.884,"reallocationRate":20.33,"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=71","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":20.33,"unit":"percent"}]}