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Business Dynamics Statistics API (Time Series: 1977-2014)

Component ID: #ti7672845

The URL for this API has been updated so that the word “time series” appears between /data and /bds.  See the examples provided below to make appropriate changes.  The old URLs are now removed completely.

The Business Dynamics Statistics (BDS) includes measures of establishment openings and closings, firm startups, job creation and destruction by firm size, age, and industrial sector, and several other statistics on business dynamics. The U.S. economy is comprised of over 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 are constantly replenishing this pool. The BDS series provide annual statistics on gross job gains and losses for the entire economy and by industrial sector, state, and MSA. These data track changes in employment at the establishment level, and thus provide a picture of the dynamics underlying aggregate net employment growth.

Read more information about BDS.

Component ID: #ti93846657

Business Dynamic Statistics Uses

There is a longstanding interest in the contribution of small businesses to job and productivity growth in the U.S. Some recent research suggests that it is business age rather than size that is the critical factor. The BDS permits exploring the respective contributions of both firm age and size.

BDS is based on data going back through 1976. This allows business dynamics to be tracked, measured and analyzed for young firms in their first critical years as well as for more mature firms including those that are in the process of reinventing themselves in an ever changing economic environment.

Component ID: #ti7672846

Business Dynamics Statistics Categorical Variables

Please Note: Default values have been selected for the following variables. If you do not include these variables in your request in either the get statement or the predicate, the “Economy Wide” value is automatically selected for you

Topic: Business Dynamics Establishment Activity

sic1:Industry Sector

00  EW Economy Wide (selected by default)

07  AGR Agriculture, Forestry, and Fishing

10  MIN Mining

15  CON Construction

20  MAN Manufacturing

40  TCU Transportation, Communication, and Public Utilities

50  WHO Wholesale Trade

52  RET Retail Trade

60  FIRE Finance, Insurance, and Real Estate

70  SRV Services

 

Topic: Business Dynamics Establishment Activity

fage4: Firm age

a  0

b  1

c  3

d  3

e  4

f  5

g  6-10

h  11-15

i  16-20

j  21-25

k  26+

l  Left Censored

m  Economy Wide – All Ages (selected by default)

 

Topic: Economic Statistics

Ifsize: Initial firm size

a  1 to 4

b  5 to 9

c  10 to 19

d  20 to 49

e  50 to 99

f  100 to 249

g  250 to 499

h  500 to 999

i  1000 to 2499

j  2500 to 4999

k  5000 to 9999

l  10000+

m  Economy Wide – All Initial Firm Sizes (selected by default)

 

Topic: Economic Statistics

Fsize: Firm Size

a  1 to 4

b  5 to 9

c  10 to 19

d  20 to 49

e  50 to 99

f  100 to 249

g  250 to 499

h  500 to 999

i  1000 to 2499

j  2500 to 4999

k  5000 to 9999

l  10000+

m  Economy Wide – All Firm Sizes (selected by default)

 

Topic: Geographic Characteristics

Metro: Metro Area

Range:

M  Metropolitan Statistical Area

N  Non-metropolitan Statistical Area

o  All Areas (selected by default)

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