Definitions

Hires = Number of individuals hired by employers.
Exits = Number of individuals that left employers.
Turnover Rate = Exits divided by the total number of jobs.
Hire Rate = Hires divided by the total number of jobs.
Net Job Flow = Exits subtracted from Hires.
Job Flow Rate = Net Job Flow divided by the total number of jobs.
Gross Job Flow = Sum of Hires and Exits.
Job Creation = Positive net job flows and job flow rates.
Job Destruction = Negative net job flows and job flow rates.

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These pages designed by Gayle C. Edlin.
Last modified on by Gayle C. Edlin.