Job creation has been headed down in a pretty persistent way since 2000. Job creation rose slightly to a quarterly rate of about 9 percent of total employment in the 1990 recession. Still, job destruction rose even more during that recession. During the 1990s, job creation settled at about an 8 percent rate. Job destruction fell sharply during the 1990s, as did the unemployment rate.
Haltiwanger, John: Job Creation and Firm Dynamics in the U.S.Job creation dipped during the 2001 recession (more normal behavior than in 1991) but the recovery was startlingly weak. Since 2000, job creation has never reached the rates of the mid-1990s. Indeed, in the current recovery, job creation remains at the lowest rate as a percent of total employment of the post–World War II period.
