Business Dynamics Statistics Briefing: Jobs Created from Business Startups in the United States

Abstract

Second in a series of reports using data from the U.S. Census Bureau's Business Dynamics Statistics. Newly released data from the U.S. Census Bureau, the Business Dynamics Statistics (BDS), permit unprecedented tracking of business dynamics for U.S. firms and establishments. This is one of several briefings to be released over the coming months to highlight some key features of these new data. The Business Dynamics Statistics (BDS) is a product of the U.S. Census Bureau that measures business openings and closings, startups, job creation and job destruction by firm size, age, industrial sector, and state. The U.S. economy is comprised of more than 6 million establishments with paid employees. The population of these businesses is constantly churning - some businesses grow, others decline, and yet others close. New businesses constantly replenish this pool. The BDS monitors this activity to provide a picture of the dynamics underlying aggregate net employment growth.