A third chart tab with two lines shows the net hires rate by firm size since January 2007. Firms with fewer than 250 employees have the higher and more volatile net hires rate, which includes a sharp drop during the COVID 19 pandemic in 2020, a rebound into 2022, and a decline to more typical levels thereafter. The net hires rate for firms with greater than or equal to 250 employees is lower and steadier but follows a similar path.