This paper makes empirical analysis of the impact of firm entry and industrial volatility on employment growth by considering possible micro and macro factors affecting regional employment, by using the data of 31 provinces and municipalities of China about high-tech industry during 20002009 and through panel PDLS model and quantile regression model, and research results show that the relation between firm entry and employment growth demonstrates a wave-shape changing trend, in short-term, firm entry has positive promoting effect on employment growth but has negative effect in middle-term, that industrial volatility has early positive effect but late negative effect on employment growth, in short-run, industrial volatility can boost employment growth but restrict employment growth in long-run, thus, governments should get rid of passive influence by lowering administrative entry barrier for enterprises and create fair market entry environment and perfected industry development environment.