"Figure 3: Job destruction rate of closing micro businesses have fallen steadily over the last two decades","" "Job destruction by closing micro firms, UK, 1999 to 2019","" "","" "Notes","1. The data are presented as a quarterly average considering the last four quarters. 2. The dotted lines are a linear interpolation. Some changes in how employment data were recorded mean that quarterly rates cannot be produced for those two periods. " "Unit","%" "","" "","Job destruction by closing businesses","Job destruction by closing businesses (interpolation)" "2000 Q1","0.59","" "2000 Q2","0.62","" "2000 Q3","0.88","" "2000 Q4","1.00","" "2001 Q1","1.04","" "2001 Q2","1.32","" "2001 Q3","1.07","" "2001 Q4","0.87","" "2002 Q1","0.82","" "2002 Q2","0.74","0.74" "2002 Q3","","0.78" "2002 Q4","","0.83" "2003 Q1","","0.88" "2003 Q2","0.92","0.92" "2003 Q3","1.01","" "2003 Q4","1.19","" "2004 Q1","1.30","" "2004 Q2","1.00","" "2004 Q3","0.95","" "2004 Q4","1.05","" "2005 Q1","0.98","" "2005 Q2","0.98","" "2005 Q3","0.88","" "2005 Q4","0.77","" "2006 Q1","0.75","" "2006 Q2","0.76","" "2006 Q3","0.84","" "2006 Q4","0.82","" "2007 Q1","0.89","" "2007 Q2","0.85","" "2007Q3","0.80","" "2007Q4","0.85","" "2008Q1","0.81","" "2008Q2","0.75","" "2008Q3","0.72","" "2008Q4","0.71","" "2009Q1","0.68","" "2009Q2","0.76","0.76" "2009Q3","","0.76" "2009Q4","","0.76" "2010Q1","","0.76" "2010Q2","","0.76" "2010Q3","","0.76" "2010Q4","","0.76" "2011Q1","","0.76" "2011Q2","","0.76" "2011Q3","","0.76" "2011Q4","0.76","0.76" "2012Q1","0.70","" "2012Q2","0.69","" "2012Q3","0.63","" "2012Q4","0.59","" "2013Q1","0.56","" "2013Q2","0.60","" "2013Q3","0.64","" "2013Q4","0.67","" "2014Q1","0.68","" "2014Q2","0.68","" "2014Q3","0.62","" "2014Q4","0.56","" "2015Q1","0.54","" "2015Q2","0.48","" "2015Q3","0.58","" "2015Q4","0.56","" "2016Q1","0.54","" "2016Q2","0.57","" "2016Q3","0.53","" "2016Q4","0.55","" "2017Q1","0.54","" "2017Q2","0.57","" "2017Q3","0.53","" "2017Q4","0.52","" "2018Q1","0.53","" "2018Q2","0.55","" "2018Q3","0.57","" "2018Q4","0.60","" "2019Q1","0.59","" "2019Q2","0.62","" "2019Q3","0.60","" "2019Q4","0.56",""