Employment – Business Creation
This indicator reports the net rate of change in business establishments within the report area. Rates are calculated by dividing the net change (births – deaths) over the last ten years by the total number of establishments in the initial year.
Source
Source Description
The Business Dynamics Statistics (BDS) tracks changes in the business environment over time, providing annual measures of establishment openings and closings, firm startups and shutdowns, and job creation and destruction. These measures are available for the entire economy, and by industrial sector, 3-digit and 4-digit NAICS, state, MSA, and county. They are also available by firm and establishment size and age. The BDS is created from the Longitudinal Business Database (LBD), a confidential database available to qualified researchers through secure Federal Statistical Research Data Centers. The use of the LBD as its source data permits tracking establishments and firms over time.
For more information, please see the Census Bureau’s Business Dynamics Survey (BDS) web page.
Methodology
These data include number of establishments and corresponding employment change for births, deaths, expansions, and contractions in the latest year. The data are presented by geographic area, industry, and enterprise employment. Previously, data on establishment and employment change was available from the Census Bureau’s Statistics of US Businesses (SUSB). Beginning with data for the year 2019, these data are now available through the Business Dynamics Statistics (BDS).