SEPT. 20, 2017 — In 2015, the nation’s 414,000 startup firms created 2.5 million new jobs according to data from the Census Bureau’s Business Dynamics Statistics. In contrast, this level of startup activity is well below the pre-Great Recession average of 524,000 startup firms and 3.3 million new jobs per year for the period 2002-2006.
Other highlights include:
This year’s release is limited to 13 tables with statistics tabulated for the following categories:
This temporary reduction in the number of tables will allow the completion of work to modernize the methodology that generates the Business Dynamics Statistics. The next release, planned for 2018, will provide an expanded set of tables that incorporate long-planned enhancements, including switching from the Standard Industrial Classification system to the North American Industry Classification System.
Note: A firm is a business organization consisting of one or more establishments under common ownership or control. An establishment is a single physical location where business is conducted or where services or industrial operations are performed. The firm and establishment are the same for single-establishment firms. Startup firms are new firms of age zero.
All figures are rounded.
For the definitions of job creation and destruction, see <www.census.gov/ces/dataproducts/bds/definitions.html>.
For the definition of job creation and net job creation rate, see Concepts and Methodology at <www.census.gov/ces/dataproducts/bds/methodology.html>.
For information on census divisions, see <www.census.gov/geo/reference/gtc/gtc_census_divreg.html>.
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