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This U.S. Census Bureau brief highlights the most recent update to the Business Dynamics Statistics, which found that young firms were disproportionally affected in the recent recession, particularly in states with large declines in home prices. The report concludes that declines in home prices compounded the negative impact of the recession on job creation and growth and that this is important to understanding the depth of the decline and the status of the recovery. The Business Dynamics Statistics provide annual statistics from 1976 to 2011 by firm age and size, which is crucial to understanding current and historical U.S. entrepreneurial activity. The statistics come from a collaboration between the Census Bureau's Center for Economic Studies and the Ewing Marion Kauffman Foundation, the largest American nonprofit organization that focuses on entrepreneurship.
Internet address: <http://www.kauffman.org/bds>
Further information on the Business Dynamics Statistics release can be found at <http://www.census.gov/ces/dataproducts/bds/data.html>.
No news release associated with this report. Tip Sheet only.