{"license":"https://creativecommons.org/licenses/by/4.0/","dataset":"research-agenda","count":6,"updatedThrough":"2026-07-21","summary":{"decreasedCount":6,"domainCount":1,"entityCount":1,"increasedCount":0,"latestSourceAccessDate":"2026-07-19","methodCount":1,"questionCount":6,"requestCount":24,"sourceCount":1,"unchangedCount":0},"universeSummary":{"decreasedCount":26,"domainCount":5,"entityCount":32,"increasedCount":19,"latestSourceAccessDate":"2026-07-21","methodCount":7,"questionCount":46,"requestCount":184,"sourceCount":12,"unchangedCount":1},"guardrail":"Agenda questions are derived from published latest-to-prior competition signals and remain attached to their exact metric, periods, universe, and source custody. They are not ranked, scored, or treated as findings of causality, competitive harm, liability, enforcement merit, or research importance. Evidence requests describe work to collect, not evidence already established.","filters":{"direction":"all","directionMatched":true,"domain":"dynamism","domainMatched":true,"method":"all","methodMatched":true,"query":"","question":null,"questionMatched":true,"view":"question","viewMatched":true,"scope":"slice","scopeMatched":true},"activeQuestionId":"business-dynamism:establishment-entry-rate","methods":[{"id":"market-mechanism","label":"Market mechanism","shortLabel":"Mechanism","detail":"Test entry, exit, switching, price, quality, capacity, and share pathways inside the declared market boundary.","metricIds":["market-hhi"],"color":"#12a8b5"},{"id":"share-accounting","label":"Share accounting","shortLabel":"Shares","detail":"Reconstruct participant-share movement while checking denominator, coverage, entry, exit, and transaction changes.","metricIds":["market-cr4","market-leader-share"],"color":"#1769e0"},{"id":"industry-disaggregation","label":"Industry disaggregation","shortLabel":"Industries","detail":"Trace a sector median back to strict six-digit Census rows before proposing a product or geographic market study.","metricIds":["industry-median-hhi"],"color":"#24a76f"},{"id":"geographic-structure","label":"Geographic structure","shortLabel":"Geography","detail":"Reconcile national and nested geographic concentration summaries with area-level distributions, provider or ownership paths, measurement boundaries, and local-market evidence.","metricIds":["state-bank-median-hhi","national-bank-deposit-hhi","fixed-broadband-hhi"],"color":"#0f766e"},{"id":"business-flow-context","label":"Business-flow context","shortLabel":"Business flows","detail":"Disaggregate national entry, exit, job-flow, and reallocation movement by sector, place, and firm age before proposing a competitive mechanism.","metricIds":["establishment-entry-rate","establishment-exit-rate","job-creation-rate","job-destruction-rate","net-job-creation-rate","reallocation-rate"],"color":"#6b5bd6"},{"id":"merger-program-context","label":"Merger program context","shortLabel":"Filings","detail":"Place HSR notification volume beside filing mix, transaction size, thresholds, exemptions, and macroeconomic context.","metricIds":["hsr-transactions"],"color":"#f39b22"},{"id":"review-process-context","label":"Review process context","shortLabel":"Review","detail":"Test whether transaction mix, clearance, adjusted denominators, or agency practice moved alongside the review rate.","metricIds":["hsr-second-request-rate"],"color":"#eb4a64"}],"rows":[{"id":"business-dynamism:establishment-entry-rate","ordinal":1,"question":"Which sectors, firm-age groups, places, financing conditions, or policy changes account for the latest national entry-rate movement?","methodId":"business-flow-context","methodLabel":"Business-flow context","methodDetail":"Disaggregate national entry, exit, job-flow, and reallocation movement by sector, place, and firm age before proposing a competitive mechanism.","evidenceRequests":["National and broad-sector BDS rows for both annual anchors using the same published rate definition.","Firm-age, establishment-age, state, and industry decompositions that can localize the aggregate movement.","Entry, exit, opening, closure, expansion, contraction, creation, and destruction components kept separately identified.","Financing, demand, technology, regulation, ownership, and merger context tested without treating co-movement as a competitive cause."],"domain":"dynamism","domainLabel":"Business dynamics","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"establishment-entry-rate","metricLabel":"Establishment entry rate","unit":"percentage_points","priorPeriod":"2022","priorYear":2022,"priorValue":11.651,"latestPeriod":"2023","latestYear":2023,"latestValue":10.608,"yearsBetween":1,"delta":-1.043,"deltaPercent":-9,"direction":"decreased","observation":"Establishment entry rate moved from 11.7% in 2022 to 10.6% in 2023 (-1.043 percentage points).","interpretation":"The latest published national entry rate is lower than the prior annual BDS record. This business-flow movement does not measure concentration, market power, or a competitive cause.","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","confidenceLevel":"high","dataStatus":"verified","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","agendaHref":"/research/agenda?question=business-dynamism%3Aestablishment-entry-rate#research-agenda-observatory","atlasHref":"/atlas?focus=question%3Abusiness-dynamism%3Aestablishment-entry-rate&layer=research","researchProfileHref":"/research/agenda/business-dynamism--establishment-entry-rate","monitorHref":"/economy/monitor?signal=business-dynamism%3Aestablishment-entry-rate#competition-monitor-console","notebookHref":null,"briefingHref":"/research/briefing?signals=business-dynamism%3Aestablishment-entry-rate&audience=research#competition-briefing-studio","profileHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=establishment-entry-rate&from=2013&to=2023&view=trend#dynamism-workspace","signalGuardrail":"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.","agendaGuardrail":"Agenda questions are derived from published latest-to-prior competition signals and remain attached to their exact metric, periods, universe, and source custody. They are not ranked, scored, or treated as findings of causality, competitive harm, liability, enforcement merit, or research importance. Evidence requests describe work to collect, not evidence already established."},{"id":"business-dynamism:establishment-exit-rate","ordinal":2,"question":"Which sectors, firm-age groups, places, closures, or ownership transitions account for the latest national exit-rate movement?","methodId":"business-flow-context","methodLabel":"Business-flow context","methodDetail":"Disaggregate national entry, exit, job-flow, and reallocation movement by sector, place, and firm age before proposing a competitive mechanism.","evidenceRequests":["National and broad-sector BDS rows for both annual anchors using the same published rate definition.","Firm-age, establishment-age, state, and industry decompositions that can localize the aggregate movement.","Entry, exit, opening, closure, expansion, contraction, creation, and destruction components kept separately identified.","Financing, demand, technology, regulation, ownership, and merger context tested without treating co-movement as a competitive cause."],"domain":"dynamism","domainLabel":"Business dynamics","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"establishment-exit-rate","metricLabel":"Establishment exit rate","unit":"percentage_points","priorPeriod":"2022","priorYear":2022,"priorValue":9.512,"latestPeriod":"2023","latestYear":2023,"latestValue":9.396,"yearsBetween":1,"delta":-0.116,"deltaPercent":-1.2,"direction":"decreased","observation":"Establishment exit rate moved from 9.5% in 2022 to 9.4% in 2023 (-0.116 percentage points).","interpretation":"The latest published national exit rate is lower than the prior annual BDS record. This business-flow movement does not measure concentration, market power, or a competitive cause.","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","confidenceLevel":"high","dataStatus":"verified","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","agendaHref":"/research/agenda?question=business-dynamism%3Aestablishment-exit-rate#research-agenda-observatory","atlasHref":"/atlas?focus=question%3Abusiness-dynamism%3Aestablishment-exit-rate&layer=research","researchProfileHref":"/research/agenda/business-dynamism--establishment-exit-rate","monitorHref":"/economy/monitor?signal=business-dynamism%3Aestablishment-exit-rate#competition-monitor-console","notebookHref":null,"briefingHref":"/research/briefing?signals=business-dynamism%3Aestablishment-exit-rate&audience=research#competition-briefing-studio","profileHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=establishment-exit-rate&from=2013&to=2023&view=trend#dynamism-workspace","signalGuardrail":"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.","agendaGuardrail":"Agenda questions are derived from published latest-to-prior competition signals and remain attached to their exact metric, periods, universe, and source custody. They are not ranked, scored, or treated as findings of causality, competitive harm, liability, enforcement merit, or research importance. Evidence requests describe work to collect, not evidence already established."},{"id":"business-dynamism:job-creation-rate","ordinal":3,"question":"Which opening and expanding establishments, sectors, places, or firm-age groups account for the change in gross job creation?","methodId":"business-flow-context","methodLabel":"Business-flow context","methodDetail":"Disaggregate national entry, exit, job-flow, and reallocation movement by sector, place, and firm age before proposing a competitive mechanism.","evidenceRequests":["National and broad-sector BDS rows for both annual anchors using the same published rate definition.","Firm-age, establishment-age, state, and industry decompositions that can localize the aggregate movement.","Entry, exit, opening, closure, expansion, contraction, creation, and destruction components kept separately identified.","Financing, demand, technology, regulation, ownership, and merger context tested without treating co-movement as a competitive cause."],"domain":"dynamism","domainLabel":"Business dynamics","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"job-creation-rate","metricLabel":"Job creation rate","unit":"percentage_points","priorPeriod":"2022","priorYear":2022,"priorValue":16.577,"latestPeriod":"2023","latestYear":2023,"latestValue":13.592,"yearsBetween":1,"delta":-2.985,"deltaPercent":-18,"direction":"decreased","observation":"Job creation rate moved from 16.6% in 2022 to 13.6% in 2023 (-2.985 percentage points).","interpretation":"The latest published national job creation is lower than the prior annual BDS record. This business-flow movement does not measure concentration, market power, or a competitive cause.","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","confidenceLevel":"high","dataStatus":"verified","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","agendaHref":"/research/agenda?question=business-dynamism%3Ajob-creation-rate#research-agenda-observatory","atlasHref":"/atlas?focus=question%3Abusiness-dynamism%3Ajob-creation-rate&layer=research","researchProfileHref":"/research/agenda/business-dynamism--job-creation-rate","monitorHref":"/economy/monitor?signal=business-dynamism%3Ajob-creation-rate#competition-monitor-console","notebookHref":null,"briefingHref":"/research/briefing?signals=business-dynamism%3Ajob-creation-rate&audience=research#competition-briefing-studio","profileHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=job-creation-rate&from=2013&to=2023&view=trend#dynamism-workspace","signalGuardrail":"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.","agendaGuardrail":"Agenda questions are derived from published latest-to-prior competition signals and remain attached to their exact metric, periods, universe, and source custody. They are not ranked, scored, or treated as findings of causality, competitive harm, liability, enforcement merit, or research importance. Evidence requests describe work to collect, not evidence already established."},{"id":"business-dynamism:job-destruction-rate","ordinal":4,"question":"Which closing and contracting establishments, sectors, places, or firm-age groups account for the change in gross job destruction?","methodId":"business-flow-context","methodLabel":"Business-flow context","methodDetail":"Disaggregate national entry, exit, job-flow, and reallocation movement by sector, place, and firm age before proposing a competitive mechanism.","evidenceRequests":["National and broad-sector BDS rows for both annual anchors using the same published rate definition.","Firm-age, establishment-age, state, and industry decompositions that can localize the aggregate movement.","Entry, exit, opening, closure, expansion, contraction, creation, and destruction components kept separately identified.","Financing, demand, technology, regulation, ownership, and merger context tested without treating co-movement as a competitive cause."],"domain":"dynamism","domainLabel":"Business dynamics","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"job-destruction-rate","metricLabel":"Job destruction rate","unit":"percentage_points","priorPeriod":"2022","priorYear":2022,"priorValue":11.153,"latestPeriod":"2023","latestYear":2023,"latestValue":11.059,"yearsBetween":1,"delta":-0.094,"deltaPercent":-0.8,"direction":"decreased","observation":"Job destruction rate moved from 11.2% in 2022 to 11.1% in 2023 (-0.094 percentage points).","interpretation":"The latest published national job destruction is lower than the prior annual BDS record. This business-flow movement does not measure concentration, market power, or a competitive cause.","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","confidenceLevel":"high","dataStatus":"verified","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","agendaHref":"/research/agenda?question=business-dynamism%3Ajob-destruction-rate#research-agenda-observatory","atlasHref":"/atlas?focus=question%3Abusiness-dynamism%3Ajob-destruction-rate&layer=research","researchProfileHref":"/research/agenda/business-dynamism--job-destruction-rate","monitorHref":"/economy/monitor?signal=business-dynamism%3Ajob-destruction-rate#competition-monitor-console","notebookHref":null,"briefingHref":"/research/briefing?signals=business-dynamism%3Ajob-destruction-rate&audience=research#competition-briefing-studio","profileHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=job-destruction-rate&from=2013&to=2023&view=trend#dynamism-workspace","signalGuardrail":"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.","agendaGuardrail":"Agenda questions are derived from published latest-to-prior competition signals and remain attached to their exact metric, periods, universe, and source custody. They are not ranked, scored, or treated as findings of causality, competitive harm, liability, enforcement merit, or research importance. Evidence requests describe work to collect, not evidence already established."},{"id":"business-dynamism:net-job-creation-rate","ordinal":5,"question":"How much of the change in net job creation comes from gross creation versus destruction, and which sectors or firm-age groups drive it?","methodId":"business-flow-context","methodLabel":"Business-flow context","methodDetail":"Disaggregate national entry, exit, job-flow, and reallocation movement by sector, place, and firm age before proposing a competitive mechanism.","evidenceRequests":["National and broad-sector BDS rows for both annual anchors using the same published rate definition.","Firm-age, establishment-age, state, and industry decompositions that can localize the aggregate movement.","Entry, exit, opening, closure, expansion, contraction, creation, and destruction components kept separately identified.","Financing, demand, technology, regulation, ownership, and merger context tested without treating co-movement as a competitive cause."],"domain":"dynamism","domainLabel":"Business dynamics","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"net-job-creation-rate","metricLabel":"Net job creation rate","unit":"percentage_points","priorPeriod":"2022","priorYear":2022,"priorValue":5.424,"latestPeriod":"2023","latestYear":2023,"latestValue":2.534,"yearsBetween":1,"delta":-2.89,"deltaPercent":-53.3,"direction":"decreased","observation":"Net job creation rate moved from 5.4% in 2022 to 2.5% in 2023 (-2.890 percentage points).","interpretation":"The latest published national net job creation is lower than the prior annual BDS record. This business-flow movement does not measure concentration, market power, or a competitive cause.","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","confidenceLevel":"high","dataStatus":"verified","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","agendaHref":"/research/agenda?question=business-dynamism%3Anet-job-creation-rate#research-agenda-observatory","atlasHref":"/atlas?focus=question%3Abusiness-dynamism%3Anet-job-creation-rate&layer=research","researchProfileHref":"/research/agenda/business-dynamism--net-job-creation-rate","monitorHref":"/economy/monitor?signal=business-dynamism%3Anet-job-creation-rate#competition-monitor-console","notebookHref":null,"briefingHref":"/research/briefing?signals=business-dynamism%3Anet-job-creation-rate&audience=research#competition-briefing-studio","profileHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=net-job-creation-rate&from=2013&to=2023&view=trend#dynamism-workspace","signalGuardrail":"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.","agendaGuardrail":"Agenda questions are derived from published latest-to-prior competition signals and remain attached to their exact metric, periods, universe, and source custody. They are not ranked, scored, or treated as findings of causality, competitive harm, liability, enforcement merit, or research importance. Evidence requests describe work to collect, not evidence already established."},{"id":"business-dynamism:reallocation-rate","ordinal":6,"question":"Which sectors, places, and firm-age groups account for the movement in excess job reallocation, and what entry or exit mechanisms merit study?","methodId":"business-flow-context","methodLabel":"Business-flow context","methodDetail":"Disaggregate national entry, exit, job-flow, and reallocation movement by sector, place, and firm age before proposing a competitive mechanism.","evidenceRequests":["National and broad-sector BDS rows for both annual anchors using the same published rate definition.","Firm-age, establishment-age, state, and industry decompositions that can localize the aggregate movement.","Entry, exit, opening, closure, expansion, contraction, creation, and destruction components kept separately identified.","Financing, demand, technology, regulation, ownership, and merger context tested without treating co-movement as a competitive cause."],"domain":"dynamism","domainLabel":"Business dynamics","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"reallocation-rate","metricLabel":"Excess job reallocation rate","unit":"percentage_points","priorPeriod":"2022","priorYear":2022,"priorValue":22.306,"latestPeriod":"2023","latestYear":2023,"latestValue":22.118,"yearsBetween":1,"delta":-0.188,"deltaPercent":-0.8,"direction":"decreased","observation":"Excess job reallocation rate moved from 22.3% in 2022 to 22.1% in 2023 (-0.188 percentage points).","interpretation":"The latest published national excess reallocation is lower than the prior annual BDS record. This business-flow movement does not measure concentration, market power, or a competitive cause.","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","confidenceLevel":"high","dataStatus":"verified","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","agendaHref":"/research/agenda?question=business-dynamism%3Areallocation-rate#research-agenda-observatory","atlasHref":"/atlas?focus=question%3Abusiness-dynamism%3Areallocation-rate&layer=research","researchProfileHref":"/research/agenda/business-dynamism--reallocation-rate","monitorHref":"/economy/monitor?signal=business-dynamism%3Areallocation-rate#competition-monitor-console","notebookHref":null,"briefingHref":"/research/briefing?signals=business-dynamism%3Areallocation-rate&audience=research#competition-briefing-studio","profileHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=reallocation-rate&from=2013&to=2023&view=trend#dynamism-workspace","signalGuardrail":"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.","agendaGuardrail":"Agenda questions are derived from published latest-to-prior competition signals and remain attached to their exact metric, periods, universe, and source custody. They are not ranked, scored, or treated as findings of causality, competitive harm, liability, enforcement merit, or research importance. Evidence requests describe work to collect, not evidence already established."}]}