Contact: Brian Lavin
Public Information Office
Today, the U.S. Census Bureau released a new interactive tool designed to visualize the key economic findings found in the statistical agency's most recent Business Dynamics Statistics report released in July. The Business Dynamics Statistics Visualization Tool spans four decades of information about America's economy - providing key insights on job creation and loss during the most recent recession. Economic measures such as employment, number of establishments and number of firms can be analyzed for a single year or multiple years from 1977 to 2011.
The tool has three major components: an interactive thematic map for the 50 states, interactive bar charts that give side-by-side comparisons of states and business sectors as well as time series data comparisons over a range of time.
"We are providing a new and easy way for users to look at key economic trends about America's economy by visualizing statistics over time," said Thomas Louis, the associate director for research and methodology and chief scientist at the Census Bureau. "The latest Business Dynamics Statistics report shows older firms dominate the economy, new firms are entering the economy slowly, and there has been an overall decline in job creation in recent years."
In partnership with the Ewing Marion Kauffman Foundation, the Census Bureau has produced annual data series for the Business Dynamics Statistics since 2008. For more information on the Business Dynamics Statistics program, go to <http://www.census.gov/ces/dataproducts/bds/>.
Guidance on how to use the visualization tool can be found at <http://www.census.gov/ces/dataproducts/bds/what_to_do_first.html>.
The Census Bureau's first mobile app, America's Economy, provides smartphone and tablet users with real-time releases of the economic statistics that drive decisions on employment, housing construction, international trade, retail sales and manufacturing, and are important tools for businesses, economists, planners and policymakers. For more information on the app, visit the mobile app home page.