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What is Job Creation and Destruction in Manufacturing about?

This study analyzes employment changes in the U.S. manufacturing sector from 1972 to 1986, focusing on gross job creation and destruction as well as job reallocation across establishments. It finds significant rates of job creation (9.2%) and destruction (11.3%) annually, with a substantial portion of worker reallocation (35-56%) linked to these job reallocations. The research highlights the persistence of job changes and the countercyclical nature of job reallocation rates, suggesting that macroeconomic th

Author

saumitra

Language

EN