A Mirror Relationship: Start-Up Jobs and Federal Regulatory Jobs
Created on October 2, 2012
Over the past 30 years, a trend between federal regulatory jobs and jobs with start-up companies has emerged: When regulatory jobs declined, such as during the mid-1980s, start-up employment spiked. Similarly, in recent years when regulatory jobs rose, start-up jobs fell off dramatically. Rates shown are per thousand working-age adults.
Federal Regulatory Employment (Fiscal Year)
Jobs Created by Start-up Companies (year beginning in March)
Sources: Regulatory employment: Data provided by Susan Dudley, George Washington University Regulatory Studies Center, and Melinda Warren, Weidenbaum Center, Washington University. Start-up employment: Heritage Foundation calculations based on data from U.S. Census Bureau, Business Dynamics Statistics, http://www.census.gov/ces/dataproducts/bds/data_firm.html (accessed October 2, 2012). Population data: U.S. Department of Labor, Bureau of Labor Statistics via Federal Reserve Economic Data, data series USAWFPNA, http://research.stlouisfed.org/fred2/ (accessed October 2, 2012).