Changes

job creation reflects a net addition of employment at a particular business through one of two channels—the expansion of employment at an existing business establishment or the birth of a new one in a particular year.

*Productivity growth

===Relevant Reports===

Analysis: The high-tech boom in the second half of the 1990s, with a high pace of job creation and a slightly increasing rate of job destruction during this period. The spike in job destruction in 2001 to 2002 period is associated with the well-known dot-com bust. The slowdown in the overall pace of job creation and destruction in the post- 2002 period, is evident in the declining trends of both job creation an job destruction.

# [http://econweb.umd.edu/~haltiwan/Haltiwanger_Kauffman_Conference_August_1_2015.pdf Top Ten Signs of Declining Business Dynamism and Entrepreneurship in the U.S.]

'''Young High Tech Firms'''

Analysis: The number of young high-tech firms increased considerably during 1982 to 2000 and starts to decline after 2000. For the private sector as a whole, young firms held steady throughout much of this period and start to decline after 2008. The slope of decline for high tech sector is slightly deeper compare to the total private sector.

'''Entrepreneurship Rate'''

The entrepreneurship rate in the high-tech sector has declined significantly despite the actual increase in absolute numbers during the same period. The high-tech entrepreneurship rate fell from a high of nearly 60 percent in 1982 to a low of 38 percent by 2011.