{"license":"https://creativecommons.org/licenses/by/4.0/","dataset":"signals","count":6,"updatedThrough":"2026-07-21","summary":{"concentrationSignalCount":0,"decreasedCount":6,"domainCount":1,"earliestPriorYear":2022,"entityCount":1,"increasedCount":0,"latestSourceAccessDate":"2026-07-19","latestYear":2023,"dynamismSignalCount":6,"geographySignalCount":0,"marketSignalCount":0,"mergerSignalCount":0,"sectorSignalCount":0,"signalCount":6,"sourceCount":1,"unchangedCount":0},"universeSummary":{"concentrationSignalCount":38,"decreasedCount":26,"domainCount":5,"earliestPriorYear":1995,"entityCount":32,"increasedCount":19,"latestSourceAccessDate":"2026-07-21","latestYear":2026,"dynamismSignalCount":6,"geographySignalCount":6,"marketSignalCount":15,"mergerSignalCount":2,"sectorSignalCount":17,"signalCount":46,"sourceCount":12,"unchangedCount":1},"guardrail":"Every signal compares declared observed anchors inside the same series or cross-section. Missing years are not interpolated, intervals are not annualized, and market, industry, geographic, business-flow, and merger measures keep separate units, universes, period bases, and legal meanings. Antitrust Radar does not combine them into a composite competition score.","filters":{"direction":"all","directionMatched":true,"domain":"dynamism","domainMatched":true,"lens":"activity","lensMatched":true,"metric":"all","metricMatched":true,"query":"","signal":null,"signalMatched":true},"activeSignalId":"business-dynamism:establishment-entry-rate","metrics":[{"id":"market-hhi","label":"Defined-market HHI","lens":"concentration","unit":"hhi_points"},{"id":"market-cr4","label":"Defined-market CR4","lens":"concentration","unit":"percentage_points"},{"id":"market-leader-share","label":"Leading-participant share","lens":"concentration","unit":"percentage_points"},{"id":"industry-median-hhi","label":"Detailed-industry median HHI","lens":"concentration","unit":"hhi_points"},{"id":"state-bank-median-hhi","label":"Median statewide bank-deposit HHI","lens":"concentration","unit":"hhi_points"},{"id":"national-bank-deposit-hhi","label":"National bank-deposit HHI","lens":"concentration","unit":"hhi_points"},{"id":"fixed-broadband-hhi","label":"Fixed broadband HHI by geographic scale","lens":"concentration","unit":"hhi_points"},{"id":"establishment-entry-rate","label":"Establishment entry rate","lens":"activity","unit":"percentage_points"},{"id":"establishment-exit-rate","label":"Establishment exit rate","lens":"activity","unit":"percentage_points"},{"id":"job-creation-rate","label":"Job creation rate","lens":"activity","unit":"percentage_points"},{"id":"job-destruction-rate","label":"Job destruction rate","lens":"activity","unit":"percentage_points"},{"id":"net-job-creation-rate","label":"Net job creation rate","lens":"activity","unit":"percentage_points"},{"id":"reallocation-rate","label":"Excess job reallocation rate","lens":"activity","unit":"percentage_points"},{"id":"hsr-transactions","label":"HSR transactions reported","lens":"activity","unit":"count"},{"id":"hsr-second-request-rate","label":"HSR Second Request rate","lens":"activity","unit":"percentage_points"}],"rows":[{"id":"business-dynamism:establishment-entry-rate","domain":"dynamism","domainLabel":"Business dynamics","lens":"activity","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"establishment-entry-rate","metricLabel":"Establishment entry rate","unit":"percentage_points","periodBasis":"calendar_year","priorYear":2022,"priorPeriod":"2022","priorValue":11.651,"priorSourceId":"census-business-dynamics-2023","latestYear":2023,"latestPeriod":"2023","latestValue":10.608,"latestSourceId":"census-business-dynamics-2023","yearsBetween":1,"delta":-1.043,"deltaPercent":-9,"direction":"decreased","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","dataStatus":"verified","confidenceLevel":"high","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","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.","researchQuestion":"Which sectors, firm-age groups, places, financing conditions, or policy changes account for the latest national entry-rate movement?","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","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.","entityHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=establishment-entry-rate&from=2013&to=2023&view=trend#dynamism-workspace","monitorHref":"/economy/monitor?signal=business-dynamism%3Aestablishment-entry-rate#competition-monitor-console"},{"id":"business-dynamism:establishment-exit-rate","domain":"dynamism","domainLabel":"Business dynamics","lens":"activity","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"establishment-exit-rate","metricLabel":"Establishment exit rate","unit":"percentage_points","periodBasis":"calendar_year","priorYear":2022,"priorPeriod":"2022","priorValue":9.512,"priorSourceId":"census-business-dynamics-2023","latestYear":2023,"latestPeriod":"2023","latestValue":9.396,"latestSourceId":"census-business-dynamics-2023","yearsBetween":1,"delta":-0.116,"deltaPercent":-1.2,"direction":"decreased","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","dataStatus":"verified","confidenceLevel":"high","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","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.","researchQuestion":"Which sectors, firm-age groups, places, closures, or ownership transitions account for the latest national exit-rate movement?","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","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.","entityHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=establishment-exit-rate&from=2013&to=2023&view=trend#dynamism-workspace","monitorHref":"/economy/monitor?signal=business-dynamism%3Aestablishment-exit-rate#competition-monitor-console"},{"id":"business-dynamism:job-creation-rate","domain":"dynamism","domainLabel":"Business dynamics","lens":"activity","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"job-creation-rate","metricLabel":"Job creation rate","unit":"percentage_points","periodBasis":"calendar_year","priorYear":2022,"priorPeriod":"2022","priorValue":16.577,"priorSourceId":"census-business-dynamics-2023","latestYear":2023,"latestPeriod":"2023","latestValue":13.592,"latestSourceId":"census-business-dynamics-2023","yearsBetween":1,"delta":-2.985,"deltaPercent":-18,"direction":"decreased","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","dataStatus":"verified","confidenceLevel":"high","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","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.","researchQuestion":"Which opening and expanding establishments, sectors, places, or firm-age groups account for the change in gross job creation?","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","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.","entityHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=job-creation-rate&from=2013&to=2023&view=trend#dynamism-workspace","monitorHref":"/economy/monitor?signal=business-dynamism%3Ajob-creation-rate#competition-monitor-console"},{"id":"business-dynamism:job-destruction-rate","domain":"dynamism","domainLabel":"Business dynamics","lens":"activity","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"job-destruction-rate","metricLabel":"Job destruction rate","unit":"percentage_points","periodBasis":"calendar_year","priorYear":2022,"priorPeriod":"2022","priorValue":11.153,"priorSourceId":"census-business-dynamics-2023","latestYear":2023,"latestPeriod":"2023","latestValue":11.059,"latestSourceId":"census-business-dynamics-2023","yearsBetween":1,"delta":-0.094,"deltaPercent":-0.8,"direction":"decreased","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","dataStatus":"verified","confidenceLevel":"high","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","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.","researchQuestion":"Which closing and contracting establishments, sectors, places, or firm-age groups account for the change in gross job destruction?","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","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.","entityHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=job-destruction-rate&from=2013&to=2023&view=trend#dynamism-workspace","monitorHref":"/economy/monitor?signal=business-dynamism%3Ajob-destruction-rate#competition-monitor-console"},{"id":"business-dynamism:net-job-creation-rate","domain":"dynamism","domainLabel":"Business dynamics","lens":"activity","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","periodBasis":"calendar_year","priorYear":2022,"priorPeriod":"2022","priorValue":5.424,"priorSourceId":"census-business-dynamics-2023","latestYear":2023,"latestPeriod":"2023","latestValue":2.534,"latestSourceId":"census-business-dynamics-2023","yearsBetween":1,"delta":-2.89,"deltaPercent":-53.3,"direction":"decreased","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","dataStatus":"verified","confidenceLevel":"high","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","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.","researchQuestion":"How much of the change in net job creation comes from gross creation versus destruction, and which sectors or firm-age groups drive it?","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","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.","entityHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=net-job-creation-rate&from=2013&to=2023&view=trend#dynamism-workspace","monitorHref":"/economy/monitor?signal=business-dynamism%3Anet-job-creation-rate#competition-monitor-console"},{"id":"business-dynamism:reallocation-rate","domain":"dynamism","domainLabel":"Business dynamics","lens":"activity","entityId":"us-business-dynamics","entityCode":"us-business-dynamics","entityLabel":"United States business dynamics","metricId":"reallocation-rate","metricLabel":"Excess job reallocation rate","unit":"percentage_points","periodBasis":"calendar_year","priorYear":2022,"priorPeriod":"2022","priorValue":22.306,"priorSourceId":"census-business-dynamics-2023","latestYear":2023,"latestPeriod":"2023","latestValue":22.118,"latestSourceId":"census-business-dynamics-2023","yearsBetween":1,"delta":-0.188,"deltaPercent":-0.8,"direction":"decreased","evidenceCount":46,"evidenceLabel":"46 national annual records / 1978-2023","dataStatus":"verified","confidenceLevel":"high","sourceCount":1,"sourceIds":["census-business-dynamics-2023"],"publishers":["U.S. Census Bureau"],"latestSourceAccessDate":"2026-07-19","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.","researchQuestion":"Which sectors, places, and firm-age groups account for the movement in excess job reallocation, and what entry or exit mechanisms merit study?","comparisonNote":"Latest published Census BDS year versus the immediately preceding national annual record; the full 1978-2023 history remains available in the underlying explorer.","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.","entityHref":"/economy/dynamism","explorerHref":"/economy/dynamism?metric=reallocation-rate&from=2013&to=2023&view=trend#dynamism-workspace","monitorHref":"/economy/monitor?signal=business-dynamism%3Areallocation-rate#competition-monitor-console"}]}