In addition, this contract represented the first time job dynamics were available at the state level for the 1992-1996 period. Between 1992 and 1996, 11.18 million new jobs were created. All of the net new jobs came from firms with fewer than 500 employees. Large firms with more than 500 employees posted a net loss of about 643,000 jobs. Using the base-year methodology, micro businesses with 1 to 4 employees created 52 percent of the net new jobs.
Individual tables show the results for states and major industrial sectors.
The net growth results for the other size classes remained about the same. Job change data are shown separately for jobs created by new firm births and through expansions of existing firms. Jobs created by births accounted for about 70 percent of the total employment increase. Also shown separately are job change data for jobs lost by contractions of existing firms and by firm deaths. A 1992-1996 job change transition matrix is developed in the report.