labor reallocation, which should raise employment in non-exposed sectors, and Keynesian multipliers, which should reduce …Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable gains in employment rates it had achieved during the 1990s, with major contractions in manufacturing …

, when detectable, result from the even faster declines in employment …

substantial body of work has explored the importance of the extensive margins of firm entry and exit in employment and output … and aggregate output and employment flows. Using a novel, annual firm-product data set covering all Japanese manufacturing …