Chapter

Business Employment Dynamics

Richard L. Clayton and James R. Spletzer

in Producer Dynamics

Published by University of Chicago Press

Published in print March 2009 | ISBN: 9780226172569
Published online February 2013 | e-ISBN: 9780226172576 | DOI: http://dx.doi.org/10.7208/chicago/9780226172576.003.0005
Business Employment Dynamics

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This chapter presents an overview of the Business Employment Dynamics (BED) database at the Bureau of Labor Statistics (BLS). It also provides a detailed analysis of job creation and destruction in the 2001 recession and the subsequent years. It is observed that the relatively few establishments with large gross job gains and large gross job losses were the drivers of the 2001 recession. The declining net employment growth during the first three quarters of 2001 can be attributed to both falling gross job gains and rising gross job losses. Moreover, 64 percent of the net job losses in the most severe recessionary quarter are attributable to the relatively few establishments gaining or losing 20 or more jobs. It can be concluded that the BLS was able to create the BED data with no new data collection efforts and with no new additional respondent burden.

Keywords: Business Employment Dynamics; Bureau of Labor Statistics; job gains; job losses; 2001 recession; employment growth

Chapter.  7475 words.  Illustrated.

Subjects: Microeconomics

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